Where is the coverage for a bike vs car accident?
As an insurance agent, I spend a lot of time encouraging my clients to carry high personal umbrella limits. When asked why, I often use the example of an accident where the insured person hits a bicyclist with their car. It is easy to see how the medical expenses and loss of income to the bicyclist could easily exceed your underlying auto policy bodily injury liability limits thus making an umbrella policy a necessity.
But what if the bicyclist were at fault and hit your car? What insurance pays for the damage to your car and any injuries that you might receive?
The answer is the bicyclist's homeowner's insurance policy. The liability insurance on a homeowner's policy is personal liability and would include damage caused by a bicycle.
The personal liability insurance on a homeowners policy covers many things that can occur away from home including your dog biting someone, hitting someone with a golf ball, and a runaway shopping cart damaging another person's car. The coverage is very broad.
If you would like to learn more about personal liability insurance, umbrella insurance or any other insurance, please give us a call. We are happy to help!