You can obtain insurance to cover property damage to your bike or medical bills for personal injuries in the unfortunate event you are involved in an accident while riding your bike.
Typically for a small additional premium, you can insure your bicycle for property damage through either your homeowners or renters insurance policy. Additionally, your homeowners or renters insurance policy can offer protection if you injure somebody or damage someone else’s property when you are riding your bike.
If you are involved in an auto collision with a motor vehicle while riding your bike, your medical bills can be covered under your auto insurance policy if you opt in for personal injury protection or medical payments coverage. As such, it is good idea to contact both your homeowners/renters and auto insurance carriers to add on the specific coverage that best suits your bicycling needs.