What about insurance?

rvparker · 08-14-2008, 10:38 PM

As a new Segway I want to at least get some insurance to cover the machine if it were ever stolen. But what about some type of liability insurance -- the Segway equivalent of collision insurance on a car? Does anyone have any suggestions about it? My agent offered to call Progressive for a quote, but I don't know if they offer coverage for Segways in particular or just a general policy. Any suggestions?

BarryT · 08-15-2008, 05:06 PM

You can go online to progressive and you can tweak your quote to include or exclude as much coverage as you like. It takes about 5 minutes to complete, then they will emial it directly to you for you to ponder.

I don't remember the exact steps but at one point you pick motorcycle (when you don't see segway) and then the segway falls under that umbrella for inputing more info - year, model, etc.

Rusty Hemenway · 08-15-2008, 05:10 PM

I spoke with my insurance company, USAA, and they said it was covered under my Homeowners policy, unless I rode it on the roadway (sidewalks ok)

PeteInLongBeach · 08-15-2008, 05:15 PM

Theft & Liability: about $70 per year. I also have my car insurance with them.

MzSegwayofHawaii · 08-15-2008, 06:09 PM

So one of my employees went through progressive since they now cover segways. he pays $700.00 a year and thats for full coverage so if it gets stolen, he pays a deductible and they'll replace the entire unit!!!!

Best way to go.

dionysus · 08-15-2008, 06:28 PM

Of course rates can vary drastically depending on credit, location, and chosen coverage. Progressive is the only one I know of that specifically covers SEGWAY where they spell it out. I would be leary when you get the answer of "it should be covered under your homeowners' insurance if you don't ride on roads" as I would think that leaves them a lot of wiggle room to get out of paying a claim, that's just my opinion.

It is under the motorcycle umbrella and then you must choose "off road use" to get it to go through. It then allows you to customize what liability, comprehensive (theft), and collision (damage) you desire and what $ amounts. This is all possible directly on their website. I have a full boat:

1. Liability (I think $25K per person, $50K total per accident, $10K property damage).
2. Comprehensive (theft) - $100 deductible full replacement if it's stolen. Including $3K coverage for accessories.
3. Collision (damage) - $100 deductible full replacement.

This is on 2 i2's for a total of $150 each or $300 total per year. I live in Portland, OR - in the city.

Hope that helps!

bud01234 · 08-15-2008, 06:35 PM

Quote:

Originally Posted by MzSegwayofHawaii

So one of my employees went through progressive since they now cover segways. he pays $700.00 a year and thats for full coverage so if it gets stolen, he pays a deductible and they'll replace the entire unit!!!!

Best way to go.

hmmm.
$700 a year is about what I pay for my auto with comp/colision & liability!

I've got a segway quote in hand from progressive for theft AND bodily injury AND property damage with $100 deductible for an annual premium of $101.84 (dated 7/17/08.)

No idea what he's getting that would cause them to charge him 7 times as much. I can post a copy of the quote if you like.

PeteInLongBeach · 08-15-2008, 06:58 PM

Quote:

Originally Posted by MzSegwayofHawaii

So one of my employees went through progressive since they now cover segways. he pays $700.00 a year and thats for full coverage so if it gets stolen, he pays a deductible and they'll replace the entire unit!!!!Best way to go.

Well, compared to my $70 per year for the same coverage, that seems ridiculous. How do they justify such a premium? I pay less to insure my RV!! And 7 years of premiums would pay for a whole new machine.

NOT the best way to go...

PeteInLongBeach · 08-15-2008, 07:01 PM

Quote:

Originally Posted by dionysus

Progressive is the only one I know of that specifically covers SEGWAY where they spell it out.

My State Farm policy spells it out. Now you know two.

rvparker · 08-16-2008, 08:45 PM

This is all really good information. I'm finding out really quickly that this forum is a great resource. Thanks for the responses.

08-14-2008, 10:38 PM	#1
rvparker New Member Join Date: Jul 2008 Location: Charlotte, NC Posts: 3	What about insurance? As a new Segway I want to at least get some insurance to cover the machine if it were ever stolen. But what about some type of liability insurance -- the Segway equivalent of collision insurance on a car? Does anyone have any suggestions about it? My agent offered to call Progressive for a quote, but I don't know if they offer coverage for Segways in particular or just a general policy. Any suggestions?

08-15-2008, 05:06 PM	#2
BarryT Member Join Date: Jun 2008 Location: Huntington Beach, CA Posts: 123	You can go online to progressive and you can tweak your quote to include or exclude as much coverage as you like. It takes about 5 minutes to complete, then they will emial it directly to you for you to ponder. I don't remember the exact steps but at one point you pick motorcycle (when you don't see segway) and then the segway falls under that umbrella for inputing more info - year, model, etc. __________________ BarryT "These things make Gumby look like an amateur" To view links or images in signatures your post count must be 5 or greater. You currently have 0 posts.

08-15-2008, 05:10 PM	#3
Rusty Hemenway Junior Member Join Date: Jul 2008 Location: Simi Valley, Ca Posts: 15	Segway Insurance I spoke with my insurance company, USAA, and they said it was covered under my Homeowners policy, unless I rode it on the roadway (sidewalks ok)

08-15-2008, 05:15 PM	#4
PeteInLongBeach Member Join Date: Apr 2006 Location: Long Beach, CA Posts: 1,127	State Farm too... Theft & Liability: about $70 per year. I also have my car insurance with them.

08-15-2008, 06:09 PM	#5
MzSegwayofHawaii Member Join Date: Feb 2008 Location: Waikiki, Hawai`i (O`ahu) Posts: 130	Progressive is the best So one of my employees went through progressive since they now cover segways. he pays $700.00 a year and thats for full coverage so if it gets stolen, he pays a deductible and they'll replace the entire unit!!!! Best way to go. __________________ ~Channelle~ Waikiki, Hawai`i In a world FULL of cheerios, be a fruit loop! Save gas, ride a Segway! To view links or images in signatures your post count must be 5 or greater. You currently have 0 posts.

08-15-2008, 06:28 PM	#6
dionysus Junior Member Join Date: Dec 2007 Location: Portland, OR Posts: 34	$700 is high! Of course rates can vary drastically depending on credit, location, and chosen coverage. Progressive is the only one I know of that specifically covers SEGWAY where they spell it out. I would be leary when you get the answer of "it should be covered under your homeowners' insurance if you don't ride on roads" as I would think that leaves them a lot of wiggle room to get out of paying a claim, that's just my opinion. It is under the motorcycle umbrella and then you must choose "off road use" to get it to go through. It then allows you to customize what liability, comprehensive (theft), and collision (damage) you desire and what $ amounts. This is all possible directly on their website. I have a full boat: 1. Liability (I think $25K per person, $50K total per accident, $10K property damage). 2. Comprehensive (theft) - $100 deductible full replacement if it's stolen. Including $3K coverage for accessories. 3. Collision (damage) - $100 deductible full replacement. This is on 2 i2's for a total of $150 each or $300 total per year. I live in Portland, OR - in the city. Hope that helps!

08-16-2008, 08:45 PM	#10
rvparker New Member Join Date: Jul 2008 Location: Charlotte, NC Posts: 3	Thanks! This is all really good information. I'm finding out really quickly that this forum is a great resource. Thanks for the responses.

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