Balance For Cyclists Insurance
Another insurance company is stepping up to office cyclist insurance, this one focused on the rider rather than the bike. Balance for Cyclists provides for coverage for not only medical costs but certain ongoing costs of living for cyclists in serious accidents.
From the press release: Underwritten by the Zurich American Insurance Company, the Bicycle Accident Insurance coverage pays lump sum cash benefits to cyclists or their family who suffer a covered critical injury or death as the result of a cycling accident.
In addition to providing coverage for accidental death from a cycling accident, the insurance features payments for critical injuries like dismemberment, paralysis, and severe traumatic brain injury. Coverage is available in amounts of $50,000 to $250,000. The policy also pays $100 per day for any cycling accident that results in the rider being admitted to a hospital. To qualify for coverage the insured must be wearing a helmet at the time of the accident.
Available in 26 states currently, more are expected to be added shortly. Learn more at www.balanceins.com