Whether or not you’re completely satisfied to hurtle down hills in your mountain bike otherwise you’re doing all your bit for the setting by biking reasonably than driving, you’ll need to be certain your bike’s insured towards theft and unintended injury. However what’s the very best bicycle insurance coverage in your wants?
What’s bicycle insurance coverage?
In case your bike is stolen or broken, bicycle insurance coverage will cowl the price of changing or repairing it. Relying on what kind of motorcycle cowl you’ve gotten, it might probably shield you whenever you experience your bike, whenever you depart your bike locked up away from residence, or when you race at biking occasions.
Bicycle insurance coverage typically additionally supplies monetary safety when you’re injured whereas driving, or when you trigger an accident involving different folks.
How does bicycle insurance coverage work?
If you happen to can’t bear the considered being with out your wheels however you don’t need to face the price of changing a motorbike out of your individual pocket, bicycle insurance coverage may help minimise disruption and scale back expense.
Most residence insurance coverage insurance policies have an possibility to incorporate some form of cowl that may shield towards broken or stolen bikes, however when you experience a costlier bike or you’ve gotten extra specialist wants akin to racing at occasions, chances are you’ll need to look into further insurance coverage.
Specialist bike insurers can provide bike cowl for a variety of various conditions:
- mountain bike insurance coverage
- push bike insurance coverage
- electrical bicycle insurance coverage
- street bicycle insurance coverage
So whether or not you sometimes cycle for leisure, otherwise you often race or cycle overseas, it’s essential to know precisely what facets of bicycle insurance coverage fits you. That may assist you determine if a normal or extra specialist coverage suits your wants, and what stage of canopy it is best to get.
What does residence contents bicycle insurance coverage cowl?
Saga Plus Contents Insurance coverage covers unspecified private belongings away from residence as customary, which incorporates loss or injury to your bicycles and their equipment as much as £1,000 every.
This cowl may be added to Saga Choose insurance policies as an non-obligatory further.
With our residence contents insurance coverage bicycle cowl you can too select so as to add specified bicycles to be lined exterior of your house. This may assist you to add bicycles above the standard £1,000 restrict and covers the required bike and equipment anyplace within the UK, Channel Islands, Isle of Man, or in Europe for as much as 60 consecutive days.
Does residence insurance coverage cowl bicycle accidents?
If you happen to’re in an accident whenever you’re in your bike and it’s your fault, it is typically doable for the injured individual or broken celebration to make a declare towards you for authorized legal responsibility.
With Saga Plus and Saga Choose contents insurance coverage, private legal responsibility cowl is included as customary as much as £2 million. If you happen to’re concerned in an accident and individuals are injured or property broken.
Does renters insurance coverage cowl bicycle theft?
Saga’s residence contents for renters can embrace bicycle insurance coverage which covers theft and unintended injury. This can be non-obligatory or customary relying on whether or not you select our Choose or Plus stage of canopy.
What’s the distinction between bicycle insurance coverage and residential contents insurance coverage bicycle cowl?
Contents insurance coverage bicycle cowl within the house is included in most residence contents insurance coverage insurance policies and supplies cowl to a set restrict for the theft or injury of your bike in your property. You too can insure your bicycle individually with a standalone coverage.
Contents insurance coverage bicycle cowl
Bikes are sometimes included in a house contents coverage, however there will likely be a restrict on the quantity of canopy this contains.
Residence contents insurance policies cowl theft and unintended injury, with some further choices:
- away from residence cowl
- equipment
- European journey
Bicycle insurance coverage
Specialist bike cowl provides different providers to the essential cowl for injury and theft that may apply to particular biking actions.
These choices may embrace:
- private accidents and collisions
- substitute bike rent
- competitors and race charges
- European and worldwide journey
- commuting or business use
Cowl varies from coverage to coverage, so it is best to at all times verify the small print, to ensure your bike is insured for the best way you employ it and that you simply aren’t shopping for further cowl when your house contents insurance coverage already has bike cowl.
Who’re Saga’s residence insurance coverage insurance policies underwritten by?
Our insurance policies, completely for folks over 50, are underwritten by a number of completely different insurers. We handpick these firms very rigorously, and ensure they’ve the identical excessive requirements of high quality and repair as we do. If you happen to purchase a coverage from us you’ll see the identify of the underwriter(s) in your coverage paperwork.
Get a contents insurance quote with bicycle cover
Is bicycle insurance coverage mandatory?
Although cyclists typically experience on public roads, there’s no authorized requirement within the UK to have insurance coverage to experience your bicycle. However when you’re involved about bicycle theft, insurance coverage will assist you really feel extra assured about leaving your bike securely fixed whenever you’re out and about. And the price of bicycle insurance coverage will likely be a lot decrease than the price of changing your bicycle with a brand new one.
Rather a lot will rely on the kind of bike you’ve gotten and the best way you employ it. The very best bicycle insurance coverage for you’ll rely on how a lot your bike prices, how typically you employ it and what you employ it for. If in case you have an costly bike that you simply use often then bicycle insurance coverage is perhaps extra essential to you than when you’re an occasional rider of a less expensive bike.
When you’ve determined you do want bicycle insurance coverage, you’ll want to research whether or not you have already got sufficient bike cowl with residence contents insurance coverage, or ought to get bicycle insurance coverage individually.
What doesn’t bicycle insurance coverage cowl?
Our bicycle insurance coverage doesn’t cowl the next:
- The surplus you conform to pay
- Loss or injury attributable to put on and tear, or any scratches and dents
- Cuts to tyres or burst tyres
- Any injury brought on when cleansing, restoring or repairing your bike
- Bikes stored by college students in halls of residence or different scholar housing
- Bikes used for racing, pacemaking or testing
- Theft or tried theft when you haven’t securely locked your bike by itself
- Any claims exterior the UK or Europe except we agree it earlier than you go
- Any claims for bikes in Europe for greater than 60 days, except we agree it earlier than you go and also you pay any further premium wanted
- Motorised bicycles designed to journey over 15.5mph unassisted
You need to at all times verify your coverage guide to just remember to have the precise cowl you want.
Get a bicycle insurance quote with Saga Home Plus and Select policies
The best way to preserve your bike secure
Bike theft is a typical downside within the UK, with one bike stolen each six minutes. In 2020/21, 77,300 bikes had been stolen in England and Wales, inflicting a significant headache for everybody affected.
To decrease the danger of turning into simply one other bike theft statistic, you possibly can take these steps:
- Put money into high quality bike lock and if it’s important to depart your bike, be sure it’s secured to one thing that may’t be stolen together with it.
- When out and about, lock up your bike in well-lit public areas, someplace with CCTV when you can.
- Preserve your bike in a safe place – your locked storage is a perfect residence for it.
- Add your bike to the BikeRegister, a nationwide biking database that helps monitor your bike if it does get stolen.
Taking these precautions will imply your bike is much less prone to be stolen, whereas having the correct bicycle insurance coverage in place means it ought to price you much less to restore or exchange your bike if it’s important to.
