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> People still say it's a scam though because their experience when making a claim doesn't play out like they expected. A friend of mine had her insured bicycl
by michaelt 2y ago
> People still say it's a scam though because their experience when making a claim doesn't play out like they expected.
A friend of mine had her insured bicycle stolen.
It was locked up with an extremely heavy chain and lock, which were rated 'gold' by insurance companies for locking up motorbikes. Her insurance denied the claim, because the chain wasn't gold rated for locking up bicycles.
By all means get insurance - but when their marketing talks about being on your side or providing peace of mind, you gotta realise that weaselling out of paying claims is a big part of their business model.
- infecto 2y agoWeasel? How do you expect it to work? There is a contract and the company is going to follow it.
- globular-toast 2y agoBicycle insurance is mostly useless unfortunately. We really need to do something about it if bicycles are going to be practical for more people. Cars get probably 100x the Police resource dedicated to them compared to bikes.
- bruce343434 2y agoBikes were not meant to be $1000+. Get a cheap one and set aside a monthly amount for replacing it. Don't get insurance on it. Get into an accident? You should already have health insurance to cover it.
- globular-toast 2y agoThey definitely don't need to be that expensive, but anything less than 500 credits isn't going to be very nice to ride. The sweet spot is something like 600-700 which is non-negligible.