Is my bike covered if I am rear-ended?
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A bike damaged on a vehicle rack in a rear-end collision is a covered loss. You claim through your own Velosurance policy, so your payout never waits on the other driver's insurer, their adjuster, or their version of events.
The valuation is where this matters most. Velosurance is a declared value policy: we never depreciate your bike. When you are ready, follow the instructions to submit the claim. We dispatch a check to you as quickly as we can, and our attorneys deal with the other insurance company.
What Should I Do at the Scene?
Photograph the scene immediately, before the offending driver has a chance to flee, and collect the driver's name, contact, and insurance details. A police report is only needed for theft or an injury involving a vehicle or bike: a damage claim can be filed without one. One thing to watch: even if your car is not damaged, do not accept a settlement offer for the bike damage from the offending driver - dial 911 and ask for the police to attend the accident.
How Is My Bike Valued in the Claim?
At the value you declared when you insured it, with no depreciation applied. The offending driver's insurance company will depreciate your bike as a matter of routine, because that is what they do with cars. Claiming through your own policy sidesteps that fight entirely: see how depreciation is handled.
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