Insurance - bicycle insurance in US

Ive been looking at various insurance companies lately. I cant seem to find any sizeable US based bicycle insurance co for theft or accidents while riding etc. There do seem to be tons in the UK. My thought here of course is that bicycles are stolen often, and the insurance would be a good source of investment float (idea stolen from Buffet) Generally Im looking 4-5 years out maybe a national bicycle insurance co and dealing with races and things of that nature but specifically theft and personal injury insurance. I dont know a thing about insurance underwriting to date, but may be studying at Hartford in connecticut (insurance capital of the state) so I feel this plan has some merit. Does anyone know of a US nationwide bicycle insurance provider currently writing policies?

Thanks for help-Josh

It may be the reason there are no major companies doing anything on "average" bicycles is that it is a teeny, tiny market segment, with a small cap cost, I see bikes at yard sales for $10 and at stores for under $100. That would be like insuring a pair of shoes against loss!!.
Accidents are another matter, I could hurt someone if I hit them with my bike, and that would be on my homeowners and umbrella policy, although if I loaded my bike into my car, drove to San Antonio to ride it there it may be an adjunct to my car policy, regardless it's not insured against theft because I have HIGH deductiibles. Almost no one in US rides a bike other than recreationally, Europe probably has higher ridership, also stricter (enforcement of) laws governing bicyclists.

You must stay up late thinking of these esoteric investment ideas!!

Frank

I was thinking more high end bikes. I used to bike recreationally and its easy to spend 500-5000 dollars on a bike and extra equipment upgrades. You raise a good point about the level of biking though, there may not be enough ridership to support it in the US.

estoric- I was reading about death backed bonds recently, now theres an investment. unfortunately they sell through private placements in small qtys. it's not even that unusual, wal mart takes out life insurance on some of its employees i believe. In Texas you need permission to take out a policy on someone else which is where wal mart got in some trouble last year as they didnt have their employees sign the insurance forms. some states you dont need the insured's approval. Im sure someone good with prob and stats could run through the highest death rate state then city then town with the oldest aged populous that could still obtain coverage without difficulty. A little morbid, probably would work though.


Ill keep trying!-Josh