Expensive cargo coverage/responsibility?

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1. It sounds like you’re being proactive about protecting your valuable electric bikes—smart move! Here are some points to consider regarding your cargo coverage and responsibilities:

   1. Specific Terms or Add-Ons:
   2. Look into adding “inland marine insurance” or “specialty bike insurance.” These types of coverage specifically protect valuable items like bikes, especially when they’re being transported.
   3. Check if your existing auto insurance policy includes coverage for personal property or cargo. Some policies might have limits on how much they’ll pay out for items inside or on your vehicle.

   4. You might also want to inquire about “accessory coverage” if you have it; this can sometimes apply to modifications or expensive bike accessories.

   5. If It’s Not Your Fault:

   6. If the accident is not your fault and the other party has insurance, you can typically file a claim through their insurance to help cover damages. However, if their insurance is insufficient or they are uninsured, you might need to pursue a lawsuit against them to recover your losses.

   7. Some policies also offer uninsured/underinsured motorist coverage which may help in these situations.

   8. If It’s Your Fault:

   9. If the accident is deemed your fault, your liability coverage should cover damages to other parties, but it often does not extend to your own property. In this case, your ability to recover costs for the bikes could depend on whether you have the additional insurance or add-ons mentioned previously.
   10. Comprehensive and collision coverage may help you recover costs for your own bikes, subject to your deductible.

   Before reaching out to your insurance agent, it might be helpful to gather information on your current policy and any recent changes or enhancements available. It’s always better to be informed and prepared, especially with such valuable cargo! Good luck!

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