Posted by Jonathan Maus (Publisher/Editor) on July 18th, 2012 at 1:05 pm
At the end of May, we shared the news that Portland-based Better World Club was on the verge of offering comprehensive insurance for people who ride bicycles. Earlier this month they made it official: the new "BIKEon" insurance product is being billed as the, "first nationwide, comprehensive, and affordable accident and liability insurance for bicyclists."
Here's more from a company press release:
"The nation's bicycle community is growing rapidly, and as more cyclists share the road with cars, trucks and other cyclists, there is greater likelihood of an accident. As a result, the demand for bicycle insurance has never been higher."
BIKEon will reimburse policyholders for up to $100,000 if they are injured while cycling. The policy also comes with up to $1 million in liability coverage and it's available for riders of standard road bikes, mountain bikes, and e-bikes. Interestingly, the insurance will not cover "riders of BMX bikes or bikes used for commercial purposes."
Better World Club is known for their bike roadside assistance program. That service comes for an annual fee of $39.95 and members get the new BIKEon insurance at no extra cost. Additional members can be added to a plan for $17. If you're interested, you can sign up online.
The insurance will be sold through Portland based Gales Creek Insurance Services.
Learn more at BetterWorldClub.com.
CORRECTION: This story initially listed the membership price as a "monthly fee of $39.95." The actual fee is per year. Sorry for any confusion. - JM