Bicycle Insurance
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Bicycle Insurance
Bicycle Insurance isn’t as common in the UK as it is in some other countries and most price comparison websites haven’t really started comparing bicycle insurance deals so finding a good deal for your bicycle can be something of a challenge.
Some home insurance policies cover bicycles but most offer cover as an optional extra. One important thing to watch is whether your insurance policy covers your bicycle away from the home. As strange as this may sound, home insurance cover is fundamentally for items in the home. Any items being taken away from the home must be specified and may incur an additional premium.
Why is Bicycle Insurance Required?
With some bicycles costing up to £1000 or more it is perfectly understandable that some people want to insure them. Following the recent increase in terrorist attacks on public transport, the number of cyclists in the UK has increased by 40 percent and because of the higher number of cyclists there are a higher number of cycle thieves. Many people who don’t take out insurance policies on their bicycles regret it when savvy thieves steal their bike.
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