Your bicycle is an extension of you. You may ride it to commute to work, train for triathlons, or spend time with your children on the weekends. But if someone steals or breaks your bike, it will interrupt your routine. Even with renters insurance to help you replace the items, it’s never an ideal time to have your bike stolen.
We want to help Goodcover Members protect their bikes better. So, we've teamed up with Project 529 to give you the tools you need to register and recover your bike.
Read on to learn:
We first discovered Project 529 when we wrote this post about bicycle theft. Launched in 2013, Project 529 is the world's largest bike registration service. Bicycle owners, cities, universities, law enforcement, and bike shops use the service as a registration, reporting, and recovery program. So far, Project 529 has registered over two million bikes worldwide.
So, how does it work? Three main components that make Project 529 tick:
Although Project 529 is a highly successful service, it’s not a guarantee. It’s essential to have financial protection in place, just in case no one finds your bike.
That’s where Goodcover comes in. We make it easier for renters to afford insurance with insurance plans starting at $5/month. Our GOOD plan, which is standard, protects your bike from theft, vandalism, fire damage, and more. If these things happen, Goodcover’s policy is to reimburse Members for their bikes at replacement cost, subject to the personal property limits on your policy. You'll need to pay your deductible to receive compensation.
Or, you can upgrade to SUPERGOOD or ULTRAGOOD policies for extra protection.
With these policies, you can get extended coverage just for your bike instead of relying on the personal property limits within your policy. You'll be reimbursed for the total amount, at replacement cost, without paying a deductible. These coverages also kick in for accidental damage to your bike.
If you’re considering extended coverage, ensure your bike’s value is over $500 – that’s where Goodcover’s extra protections start.
As a Goodcover Member, you’ll not only enjoy ultra-low prices, but you’ll also become eligible to receive Goodcover’s Annual Member Dividend. Every year we return any used premiums to our Members; it’s what keeps us accountable to you.
Along with the registration service, Project 529 offers one more piece of extra protection: The Project 529 shield. Each shield is tamper-resistant and weather-resistant; it will last through years of cycling. It also has an identification number as an extra way to verify that the bike is yours in case someone steals it.
Goodcover Members with bicycles are eligible for a FREE Project 529 Shield.
Here’s how to redeem your shield:
First, purchase a renters insurance policy from Goodcover if you haven’t already. You can get a quote in under a minute, and our simple joining process will ensure you’re covered quickly. Once you’ve got a Goodcover policy, follow the instructions below.
If you want extended coverage on your bicycle:
If you don’t want extended coverage on your bike:
If you already have a Project 529 Shield: Let us know! Contact support and we will work to get your shield associated with your Goodcover account.
When someone steals your bike, it can wreak havoc on your exercise regimen, not to mention your happiness, and sometimes your wallet.
Bike owners, join Goodcover today and claim your free Project 529 shield for extra protection and peace of mind. Together, we can end bike theft.
Note: This post is for informational purposes; insurance regulation and coverage specifics vary by location and person. Check your policy for exact coverage information.
For additional questions, reach out to us – we’re happy to help.
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