You must know that bicycle insurance is a very important type of policy, which can help save the bicycle from the unknown. Although, you cannot actually save it from all kinds of damages or theft, you may at least be able to make sure that you lose no money in such situations. That is why it is important to stay insured. Therefore, it is quite obvious that the importance of cycle insurance increased with time. If you are already aware of the importance of this type of insurance, you should also know which or what is the most important factor of the same.
One of the most Important Features
The most important feature of bicycle insurance is the bodily injury liability coverage. This is undoubtedly the most important part of bicycle insurance as you need to protect yourself against all forms of personal injury. Irrespective of what you are driving, almost all of us may have faced some kind of collision or other such situations on the road. This is true even in case of driving a bicycle and so while driving the bike you may have can come in contact with another bicycle or a car and a person or so on. In such situations, you and the other person involved in the accident can get seriously injured. Therefore, it is not only about repairing the bicycle but there are medical costs involved too. So, in such situations you may have to make claims in line with bodily injury and it is mainly the cyclist who gets injured the most. Most of the bicycle insurance policies provide coverage against sustainable bodily injury.
In general, you can get two types of coverage against bodily injury through bicycle insurance. One of the types of coverage is PIP or the Personal Injury Protection. The claim amount will may depend on the place you are in. PIP is the coverage type which covers the medical bills. It is always safer and better to opt for higher PIP limits. It becomes all the more important to opt for this if you do not have a health insurance policy. This is one of the coverage which pays for the loss of your income and the payments against the medical bills generally gets paid to the provider.
The other type of coverage available to you as the cyclist is the Uninsured/Underinsured Motorist (UM/UMP). Such policies make offers like that of 25/50, 50/100, 100/300, 250/500, 500/500, and so on. These numbers represent the limit of the insurance. The greatest example of protection for underinsured or uninsured motorist is if a car collides with you. In such a case, it is the car driver who is at fault but is not insured. Suppose that you are out of work, and thus in such a situation it becomes all the more difficult for you. Therefore, UM/UMP is the best form of coverage that a cyclist can get as protection. In such a situation, you may also be required to appoint an attorney to sue the motorist.
Therefore, you can see that it is extremely important to buy bicycle insurance and get the required protection with regards to bodily injury. While shopping for the policies, you will have to find out all of the details in relation to bodily injury. Forward your queries to the insurer so that you can get the right coverage, as per your requirements. You can also check out the details from online insurance providers. You can check their website for details like that of the insurer Protect Your Bubble cycle insurance. You will thus be required to check not only the price and the comparison chart (as available with Protect Your Bubble), but also the bodily injury coverage made available by the online insurance providers.