Cycle Insurance Guide

Bicycles are cheap, environmentally friendly and a fantastic way to get fit. These benefits have led to a massive surge in popularity and a large increase in the number of cyclists throughout the UK . Many commuters now choose to cycle to work rather than catching the train or bus and cycling holidays on the increase too.

This increase in cyclist numbers has also resulted more than 25,000 road accidents each year and an increase in bicycle theft to the tune of around 1,000 per day. Bicycle insurance is designed to cover the owner for a number of different scenarios such as fire, theft, accidental loss and damage to the bicycle. Insurance can also cover accessories that you specify on the policy, typically up to the sum value insured and also for a personal accident.

YourHomeBills.com recommends that you check what the bicycle insurance policy actually covers as many insurers will specify that policyholders must “take reasonable care”. This can be rather ambiguous but is a legitimate statement that has a bearing on the policy payment terms.

To make sure that you get the right bicycle insurance policy for you and your bike, YourHomeBills.com recommend you consider what you use your bike for, how often you use it, and where you keep it during the day and at night.