From the NHTSA website

In a prior post, we discussed bicycle safety and how both bicyclists and motorists can safely share the road. As a result, several good questions were raised regarding insurance and its role in bicycling.

Bicycle insurance?
You may be surprised to learn that there are some insurance companies that offer policies expressly for bicycles. A specialized, stand-alone bicycle insurance policy can cover liability, loss, damage, and sometimes medical payments. As with any insurance policy, shop around and ask questions to determine if this kind of coverage is right for you.

Are there other insurance options?
You can and should buy uninsured/underinsured motorist coverage on your vehicle. If you are injured in a collision with a car (and the accident is not your fault) uninsured/underinsured motorist coverage would help you recover from injury.

In addition, you can also take advantage of your Personal Injury Protection benefits – coverage that pays regardless of fault – if you are injured on your bicycle in a wreck with another vehicle.

Finally, if you have major medical policy, a disability policy with your employer, or an accidental benefits policy, you will want to talk with your agent or HR representative.

Douglas Dykes is a Board Certified Civil Trial Attorney at the firm of Syfrett, Dykes & Furr in Panama City, Florida. Email Doug: DDykes@Syfrett-Dykes.com​