You’ve purchased a brand new bicycle and you can’t wait to hit the trails. But before you do, you’ll want to make sure that you have the right insurance coverage — for your bicycle and for you.

After you purchase a bicycle, it’s always a good idea to call your insurance agent. Your agent will be able to provide you with your coverage options to safeguard against theft.

But you’ll also want to talk to your agent about liability coverage. Generally, homeowners and renters insurance policies provide liability protection in the event you injure someone else in a bicycle accident. If you are sued, you likely will be covered up to the liability limits of your policy. Your homeowners or renters insurance also includes no-fault medical coverage. This coverage usually ranges from $1,000 to $5,000. Your agent can explain the amount of liability and medical coverage that’s available to you based on your current policies.