What should I look for to get great bicycle insurance?
Here are some of the things to look out for:
Whether your bike is covered. This is the simplest thing. Does your policy contain pedal bike insurance, have you declared your bike if you need to, and have you fulfilled any other conditions your insurance provider requires?
Where and when it's covered. Check your policy carefully to ensure your bike is covered when you're out and about, including if you lock it up and leave it away from home. You might want to specifically check if you can leave it overnight. And if you're into cycle touring, check whether the cover extends to other countries. You're also not likely to get cover for a bike that's damaged while competing in a race.
What it's covered against. For example, theft, vandalism and accidental damage.
How much it's covered for. If you have an expensive bike, check to see if your policy has a limit on the payout it will provide.
What security is expected of you. You're likely to need a robust lock and there will probably be rules about how you secure your bike – for example, you must always lock it to an immovable object.
What your policy excess is. Bicycle insurance isn't much use if the excess is so high you wouldn't want to make a claim. Find out more about home insurance excess. And remember, claiming on your home insurance can affect your no-claims bonus, so even if the excess is low you might want to think twice.