Bicycle insurance is as crucial a piece of protection equipment as any padded garment or crash helmet according to the article “Instant Expert Guide to Bike Insurance”.
Bicycles are not cheap. Ideally you buy one and want it to last for as long as you want to keep it, so when it gets pinched you will naturally feel devastated! But what can you do?
Taking some extra care when parking your bike could help prevent the likelihood of it being stolen. Look for some good bike locks and attach it to anything you can find that is solid such as a roof rack on the top of your car.
The perfect back-up strategy is to take out some bicycle insurance. If your bicycle cost more than two hundred pounds you may have a problem with some insurance providers. In their world, a bicycle that cost over two hundred pounds is considered ‘high value’. Many prefer to add their bike to their home contents insurance – but as previously mentioned this is not a problem for bikes under the value of £200. For those who find adding a bike to home insurance policies a problem, check out some quotes from specialist bicycle insurance companies for satisfaction. Ensuring that you will be protected in the event of an accident occurring while riding or racing is essential at this stage.
When taking out some insurance on your bicycle it is vital to check the specific requirements of your policy. Make sure you are familiar with parking requirements (it may turn out your bicycle is not insured if parked anywhere other than inside your home). Check also that your bicycle is protected from anything happening abroad if planning on taking your bike on your travels.
Travel insurance is essential when cycling abroad. Many insurance plans will cover you for bicycle riding abroad but not mountain bike riding. By making sure on the outset that you and your insurance company have an understanding is the best way to avert disaster. Travel insurance is vital when cycling abroad because an accident could leave you with astronomical medical bills you cannot afford.
Bicycle insurance and travel insurance – a marriage made in heaven!