The Importance of Car Insurance When Cycling: Understanding Your Coverage
As a cyclist, it’s essential to comprehend the intricacies of car insurance, especially when faced with the unfortunate possibility of being involved in an accident with a vehicle. Many individuals, like myself, frequently ride on the road but often have questions about why their car insurance matters even when they’re on two wheels instead of four.
A recent conversation with a lawyer opened my eyes to this crucial topic. He was quite adamant about the necessity of car insurance, particularly if I were to be struck by a vehicle while cycling. He stressed the importance of having sufficient uninsured or underinsured driver coverage, recommending a substantial increase from standard limits—specifically, he suggested bumping it up to $250,000 from the typical $15,000.
You might wonder, “Isn’t health insurance sufficient?” I personally hold a marketplace health insurance policy with a $7,000 deductible. In my mind, I thought that if I were involved in an accident, I would simply receive care at the hospital, pay my deductible, and let my health insurance handle the rest. But it turns out that this assumption is overly simplistic and potentially dangerous.
To illustrate, let’s break it down: if you’re hit by a car while cycling, your medical expenses could very well exceed your deductible quite quickly, especially with serious injuries. In such cases, the driver’s insurance might be insufficient if they are uninsured or underinsured. This is where your own car insurance plays a pivotal role.
Your auto policy can provide coverage that extends beyond your health insurance, helping pay for medical costs, lost wages, and other damages resulting from an accident. If your bike accident involves a motorist who lacks adequate insurance, your uninsured/underinsured motorist coverage would kick in, protecting you from financial disaster.
Now, you may be asking about cyclists who don’t own cars and thus don’t have car insurance. This situation poses a unique problem. For these individuals, seeking additional private insurance specifically designed for cyclists may be a wise choice. Some insurance companies offer specialized bike coverage options that can provide protection in the event of an accident through other means.
In conclusion, regardless of whether you’re a frequent cyclist or a seasoned driver, understanding the interaction between your car insurance and cycling is critical. Increasing your coverage limits can safeguard you against many unforeseen circumstances. It’s always better to be well-informed and prepared than to face the repercussions of an accident unprotected. Consider reviewing your policies today
