We’ve made it easy for you to compare

Many homeowners or renters policies won't cover theft or damage away from home or racing. Chain Reaction Cycles insurance provides a policy that was designed to give cyclists the specialized cover they need. Plus, we won’t raise your premium if you make a claim.

Insurance comparison

Here’s why Chain Reaction Cycle Insurance is the best choice for your bike.

 
Chain Reaction
Homeowner Policy
Renter Policy
Crash Damage
yes
no
no
Vehicle Contact Protection
yes
no
no
Accidental Damage (away from home)
yes
Limited
Limited
Bicycle Shipping Coverage
yes
no
no
Worldwide Coverage
yes
Possibly
Possibly
Competition
yes
no
no
Competition Liability
yes
no
no
Electric Assist Bicycles
yes
no
no
Cycling Apparel Insured
yes
Possibly
Possibly
Competition Fee Reimbursement
yes
no
no
Replacement Bike Rental
yes
no
no
Racing Coverage
yes
no
no
Professional Cyclist Coverage
yes
no
no
Triathlon Transition Cover
yes
no
no
Battery Insurance
yes
Limited
Limited
Additional Bike Discount
yes
no
no
Vandalism (away from home)
yes
Limited
Limited
Accessories Covered (away from home)
yes
Limited
Limited
Roadside Assistance
yes
yes
yes
Theft Away From Home
yes
yes
yes
Personal Liability
yes
yes
yes
Medical Payments
yes
Possibly
Possibly
Insured At Full Value
yes
yes
yes
No Premium Increase For Claims
yes
yes
yes
 
Chain Reaction
Homeowner Policy
Renter Policy
Crash Damage
yes
no
no
Vehicle Contact Protection
yes
no
no
Accidental Damage (away from home)
yes
Limited
Limited
Bicycle Shipping Coverage
yes
no
no
Worldwide Coverage
yes
Possibly
Possibly
Competition
yes
no
no
Competition Liability
yes
no
no
Electric Assist Bicycles
yes
no
no
Cycling Apparel Insured
yes
Possibly
Possibly
Competition Fee Reimbursement
yes
no
no
Replacement Bike Rental
yes
no
no
Racing Coverage
yes
no
no
Professional Cyclist Coverage
yes
no
no
Triathlon Transition Cover
yes
no
no
Battery Insurance
yes
Limited
Limited
Additional Bike Discount
yes
no
no
Vandalism (away from home)
yes
Limited
Limited
Accessories Covered (away from home)
yes
Limited
Limited
Roadside Assistance
yes
yes
yes
Theft Away From Home
yes
yes
yes
Personal Liability
yes
yes
yes
Medical Payments
yes
Possibly
Possibly
Insured At Full Value
yes
yes
yes
No Premium Increase For Claims
yes
yes
yes

Bicycle Insurance vs Other Insurance

Over 250,000 bicycles are stolen every year - make sure you’re protected against this risk and do your homework so you know what you are (and aren’t) protected against.

Homeowners Insurance

Even if you are the proud owner of your home and have a comprehensive homeowners policy your bike may not be covered to the extent that you might think. In fact, the coverage that you have under your homeowners policy will likely be very limited – you should always check the smallprint! Most homeowners policies will cover bicycles for theft from your home for a limited amount. If that limited amount is $500 and your $3,000 bicycle is stolen from your home, you will only be able to claim up to $500 less the deductible.

What Homeowners carriers don't tell you 

  • If your bicycle is stolen when your out and about it will probably not be covered at all
  • If you damage your bike while riding, the chances of recovering anything through your homeowners insurance is very slim
  • If you damage your bike while racing, you have close to no chance of having coverage
  • If you can make a claim on the limited coverage you may have, your premiums could go up

Home insurance

Renters insurance

You may have a great renters insurance policy that provides the right coverage for your normal household gear but your bike may not be adequately protected. Most renters policies offer limited coverage for specialist items like bicycles and will cover bikes for theft from your home up to a limited value. Like a homeowners policy, if that limited amount is $500 and your $4,000 bicycle is stolen from your home, you will only be able to claim up to $500 less the deductible, leaving you at least $3,500 out of pocket!

What Renters carriers don't tell you

  • Your renters premium will most likely increase if you can file a claim
  • Do you race? If so, you have almost no chance of having protection for crashes, liability or medical
  • Protection for accidental damage while riding your bike is unlikely to be offered
  • It’s more likely that your bike will get stolen when out and about rather than at home – most renters policies won’t offer your coverage for outside the home.

 

Renter Insurance

Specialist Bicycle Insurance

A specialist bicycle insurance policy will always be best. Our bicycle insurance policy provides coverage for the specific risks that cyclists face every day.

Why is Chain Reaction Cycles Insurance best for your bike?

  • You’ll get protection for your expensive bike/s, for theft from home, for theft away from home, for crash damage even while racing and traveling, for medical expenses, third party liability and much more.  
  • If you breakdown you even have the option to be picked up by one of our crew and taken to a destination of your choice within 35 miles if you are stranded next to the road.
  • Guess what, we won’t raise your premiums if you claim.

Rider Insurance