How much insurance do I need?
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Everyone's situation is unique, and your insurance coverage should reflect that. It’s important for you to evaluate your individual needs and personal risk tolerance.
When it comes to bicycle insurance, it's important to consider your specific use case: how often and where do you ride. Bicycle commuters who share the road with cars and sidewalks with pedestrians expose themselves to significantly more risk than weekend warriors who ride rarely and away from traffic.
If you have limited or sub-par medical coverage, you might be a crash away from financial hardship. It's highly recommended that you review your healthcare coverage, including annual and emergency room (ER) deductibles and co-pays, and purchase enough medical coverage to offset these bills.
If you share the road with cars or pedestrians, or ride with a group, the likelihood of causing property damage or bodily injury to another party goes up significantly. Liability coverage, which is available as an optional coverage, should be considered.
Getting hit by a car is one of the top fears of any cyclist. Vehicle Contact Protection is an optional coverage available on a policy from Velosurance that covers the insured rider for medical and other related expenses, such as physical therapy, lost wages, and mental health services.
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