Which insurance is responsible for bicycle theft if it was stolen in my basement?
August 5, 2022 | 40,00 EUR | answered by Sophia Evers
Dear Insurance Lawyer,
I am contacting you because I recently fell victim to a bicycle theft in my basement and I am now unsure which insurance will cover the damage. My name is Ralf Hoffmann and I am the owner of a high-quality bicycle that I regularly store in my basement.
The situation is as follows: A few days ago, I discovered that my bicycle had been stolen from the basement. The perpetrator must have forcibly gained access to my basement as the door was damaged. Since I use my bicycle regularly, I am now very concerned and wondering which insurance is responsible for the theft.
I have a household insurance, but I am unsure if it also covers bicycle theft when the bicycle was stolen from my basement. Furthermore, I also have a separate bicycle insurance as it is a high-quality bicycle.
My questions to you are therefore: Which insurance is responsible for the bicycle theft in this case? Does my household insurance cover the theft, even if the bicycle was stolen from the basement? And if so, to what extent? Should I also contact my bicycle insurance or is the household insurance sufficient?
I would greatly appreciate it if you could assist me in this matter and provide me with possible solutions. Thank you in advance for your support.
Sincerely,
Ralf Hoffmann
Dear Mr. Hoffmann,
Thank you for your inquiry regarding the theft of your bicycle in your basement. I am sorry to hear that you have become a victim of such an incident, and I understand your concern about the coverage of the damage by your insurance.
In your case, there are two possible insurances that could cover the bicycle theft: your household insurance and your separate bicycle insurance. I will explain to you below how these insurances generally cover the theft of bicycles and which insurance you should turn to in your situation.
Generally, household insurance covers the theft of bicycles, even if they are in a basement. However, it is important to note that the exact conditions and extent of coverage may vary depending on the insurance company. Therefore, it is advisable to take a look at your insurance policy or inquire directly with your insurance company to ensure that bicycle theft in your basement is covered.
If you have taken out separate bicycle insurance, you should check if it is specifically designed for the theft of bicycles and if it also covers bicycles stolen in a basement. Often, bicycle insurance offers extended protection for bicycles that goes beyond standard household coverage.
In your case, I recommend that you first contact your household insurance and report the theft of your bicycle. Clarify whether the theft in your basement is covered and what steps you need to take to make a claim. If it turns out that your household insurance does not cover the theft or only partially covers it, you can then contact your bicycle insurance to settle the remaining amount.
I hope this information helps you and that you now have clarity about which insurance is responsible for the bicycle theft. If you have any further questions or need assistance in handling the claim, I am happy to help.
Sincerely,
Sophia Evers
Insurance Lawyer
