Bike Insurance: How Much Would You Pay For A Little Piece OF Mind?

The China Post is reporting that one insurer has begun issuing insurance policies for bicycles. The policies provided by Taiwan Insurance will cover accidental damage, loss, theft and personal injury.

This is a wonderful development as I tried to see if I could insure my own bike when I bought it three years ago. At the time I was told that it was impossible to insure unless the bike could have a registration number and it could not be insured under any other policy.

The bicycle insurance that is being offered by Taiwan Insurance can be purchased from NT 1295 to NT 6000, depending upon the value of the bike and other coverage.

There IS only one catch....

The policy must be purchased along with another insurance plan offered by the company. This may be a great idea if you are a cyclist who is currently in the market for an insurance policy, but possibly too prohibitively costly for just the bicycle insurance. Now, if you are an avid cyclist who often takes risks with a very expensive bike, the offer might be worth buying some additional insurance. You might actually feel comfortable leaving your beloved steed parked at the World Gym.

Fall Quarter Will Start Without The Professor: Laurent Fignon (1960-2010)

Known in the sport as The Professor for his scholarly eyewear, Laurent Fignon, the two time Tour de France winner lost his battle with cancer at the age of 50.

Fignon was also known for his tactical skill and finesse in a race. Although Fignon won two Tours, he will likely be remembered for the one he narrowly in an epic duel with Greg Lemond during the 1989 Tour de France, which came down to an 8 second difference between the two riders, and remains the narrowest of Tour victories ever recorded.

Although he lost the Tour de France in 1989, he did manage to pick up the Maglia Rosa in the 1989 Giro de Italia and win dozens of other races.

Au Revoir Laurent!