Interesting Idea: Bicycle Insurance

I definitely know a few riders without cars, and probably without insurance. Bike Portland discusses options:

It’s not an uncommon scenario: You’re riding down the street and are in a collision resulting in a trip to the hospital and a totaled bike. The person driving the car does not have insurance, and may suffer the legal penalty.

Either way, you are stuck with medical bills, a broken bike, time off work, and little recourse — unless you have your own car and auto insurance.

http://bikeportland.org/2010/01/05/bicycle-insurance-coming-to-america-in-2010