According to the National Bike Registry, 1.5 million bicycles are stolen each year. With college campuses being the biggest source of bicycle theft, it would be great if there was a way to protect your investment that was quick and easy. The good news is that more than 48% of bicycles that are stolen are recovered, but of those, only 5% are able to be identified and returned to their owners.
The National Bike Registry and 529 Garage have partnered to create a database to track and store bicycle VIN numbers. Not only can you register your bike, but you can search their database for recovered bicycles in an effort to get yours back.
Bicycle theft is a rampant problem in the US and unless you want to submit a homeowner claim (please talk to your licensed insurance agent prior) you likely won’t see you bicycle again or be able to recover your losses. Bicycles are likely covered under your home, renters or condo insurance policy with your insurance carrier.
Register your bicycle today and rest assured that your bicycle is better protected and more likely to be returned in the event of being stolen.
For answers to everything insurance, trust the insurance agents at George A. Bell & Son. George A. Bell & Son, Inc. is a full service property and casualty, independent insurance agency serving New York, New Jersey, Connecticut and various other states. Founded in 1880 as Bell Brothers Fire Insurance, we continue to be a family owned agency, with the fifth and sixth generations currently continuing the legacy of what those brothers started. We value ourselves on quality insurance, top notch customer service, and a focus on making sure our clients get the best value for their money.