If you own a valuable bicycle, you can often connect your homeowner’s policy to cover the cost in the case of theft. Contact your insurance agent to ask about “Special Personal Property Insurance” if your bike is worth a considerable amount (i.e. $10,000). In some policies, you can recover stolen items even if they were stolen from a location other than a house. Other less-valued items in your house are already covered under a standard homeowner’s or renter’s insurance.