Preventing Bike Theft

Bike theft can be rather frustrating. You buy the bike and then it suddenly disappears. This means that the investment is lost. Sometimes bikes can be recovered, while other times they are not. Thieves take them to either use them for themselves or to sell them so that they can obtain the money for something they want.

No matter why a thief stole the bike, you want to recover the cost. When you own your home, you can claim the theft on your homeowner's insurance, but there may be one issue that exists and that is the value of the bike. The value of the bike may determine whether or not your insurance will replace it.

The reason why the value comes into play is because you may have a deductible on your house insurance costs. For instance, you may have a deductible of $500. This means that items that are stolen must be valued at over $500 for the insurance company to pay anything and, sometimes, it is not worth making the claim.

Even if you paid $600 for the bike, paying your $500 deductible means that the insurance company only has to pay $100. For some, they would rather pay the additional $100 than to file a claim. Others like the idea of saving whatever they can get. In the end, the best way to deal with the issue is to prevent it from occurring in the first place.

Bike Theft Prevention

There are a number of things that you can do to prevent bike theft. For instance, you can keep the bike in a garage instead of out in the open. Kids, for instance, have a tendency to drop their bikes and then leave them. They get involved in other activities and forget that they left their bike out in the yard.

There are some times, however, when the bike can be in the garage and it still ends up stolen. In this case, you need to chain the bike to something and lock the chain. A thief is less likely to go through the trouble of trying to take the bike apart or cutting the chain. If you don't have a garage, chain it to your back porch. As long as you keep a bike out of sight, you are increasing the chances that it won't be stolen.

If riding your bike to a public place, many downtown areas are providing bike racks to those who ride their bikes into town. Find one and chain your bike to it with a bike chain. These locks are usually combination locks and most thieves will not try to break them in public areas that are busy.

Claiming Bike Theft

If there was no way for you to be successfully preventing bike theft, then you will need to make your claim. Although you can be as precautious as can be, it happens and a high dollar bike needs to be reported on your homeowner's insurance. You do this by making the call.

When you call your homeowner's insurance company, they will ask you a series of questions regarding the value of the bike, what kind it is, where it was when it was stolen, and if you have attempted to recover it. You will most likely need to make an attempt first. If you are successful in recovering your bike, you won't have to make your claim.

Once you've made your claim, you will receive reimbursement from the insurance company for the bike. You then use this money to replace your bike with a comparable one. You can then resume your regular bike riding habits.

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