What do I need to know about bicycle insurance in NYC?
Bicycle insurance in NYC covers theft, damage, and liability. It's essential for protecting your investment.
Is it mandatory to have bicycle insurance in New York?
No, it's not mandatory, but it's highly recommended to protect yourself and your bike.
What types of coverage are available?
You can get coverage for theft, damage, liability, and even medical expenses in case of an accident.
How much does bicycle insurance typically cost?
Costs vary, but you can expect to pay between $100 to $300 annually, depending on coverage and bike value.
Can I insure my bike if I use it for delivery services?
Yes, but you may need a specific policy that covers commercial use, as standard policies might not apply.
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