So what exactly does cycle insurance cover?
As we said earlier, you can extend your home contents insurance policy to cover your bicycle when it’s not at home but make sure you read the small print to find out exactly what that will cover as policies can vary. Look for options such as:
- Cover against theft, vandalism and accidental damage
- Public liability and personal injury cover
- Cover within the UK, Europe and worldwide
- New for old if your bike cannot be repaired
- Bike hire whilst you wait for a repair or replacement
- Roadside recovery and assistance
- Accessories cover such as for helmets and clothing
Is insuring a bicycle expensive?
It doesn’t have to be. Your home insurance can be tailored to suit what you need it to so there’s no excuse not to compare the market and make sure you find the best policy for you.
You can insure your bike for up to £500 or £2,500. But you don’t have to go far to find a great deal, just let us know what you need and we can do the searching for you.
Now; we know that you know how important it is to secure your property, but it’s worth a reminder every now and again and most policies will also expect that you ensure your bike is suitably secured with a decent or approved lock. It’s also worth making sure that you know what your policy excess is, because a hefty excess might mean you’re reluctant to claim.
You won’t often hear us tell you to get on your bike but on this occasion, we’ll make an exception – just make sure that you let us help keep you on it! Whatever your cycling needs, we’re confident there’s a policy to suit you, and we’re here to make it easier for you so get comparing and see how much you could save!
Here are some fun facts and figures about people and their bikes:
- More men cycle to work than women
- There were 89,004 recorded bicycle thefts between October 2014 and October 2015
- Approximately 3.6 million bicycles are sold in the UK each year
- About 30% of all bikes sold are kids bikes
- Cambridge has the highest proportion of residents who cycle to work (29%) followed by Oxford (17.1%)
- The average cycling trip is 23 minutes