We came across this article from III.org that does a great job explaining how your bicycle is covered by insurance and some really good safety tips. So we thought we would share that article with you as well.
Here are some excerpts from the article. For the full article read here.
- Actual Cash Value – reimburses you for what the bicycle is actually worth given its age. A 10-year-old bicycle, for example, would be valued at the cost of a comparable bicycle minus 10 years depreciation.
- Replacement Cost Coverage – reimburses you for what it would cost to replace your 10-year-old bicycle with one of like kind and quality at current cost. Replacement cost coverage costs about 10 percent more than actual cash value, but it is a good investment.
- Protect Your Head
Never ride a bike without a properly fitted helmet.
- Assure Bicycle Readiness
Ride a bike that fits you and check all parts of the bicycle to make sure they are secure and working well.
- Learn and Follow the Rules of the Road
Bicycles are considered vehicles on the road; therefore riders must follow the same traffic laws as drivers of motor vehicles.
- Act Like a Driver of a Motor Vehicle
Always ride with the flow of traffic, on the right side of the road, and as far to the right of the road as is practicable and safe.
- Be Visible
Always assume you are not seen by others and take responsibility for making yourself visible to motorists, pedestrians and other cyclists.
- “Drive with Care”
When you ride, consider yourself the driver of a vehicle and always keep safety in mind. Ride in the bike lane, if available. Take extra care when riding on a roadway. Courtesy and predictability are key to safe cycling.
- Stay Focused. Stay Alert
Never wear headphones as they hinder your ability to hear traffic. Be aware of your surroundings and ride defensively.
Protecting YOU is our Job