The UK’s cycling family is more than two-million strong, and hopping on a bicycle is now one of our favourite pastimes. Whether you’re exploring country lanes, zipping in-between traffic in the big city or popping to the shops on your cycle, it’s hard to beat the feeling of freedom that comes with pedal power.
It’s essential to have insurance for your bicycle. However, at times, the world of bicycle insurance can be somewhat confusing. Which type of cover should you take? Who is covered? And exactly what is covered in your policy?
Well, worry no more! We’ve put together a comprehensive list of how insurance works in the world of cycling. This is bicycle insurance, explained.
Bicycle insurance options
Getting the right insurance for your bike involves more than simply making sure it’s covered. Not all cyclists are the same, and some require different types of insurance. As a cyclist, you have several options when it comes to protecting your prized bike.
As the daily number of bicycles on the road grows, so too does the opportunity for thieves to steal them. After all, a high-end bike is a valuable asset – and a thief won’t think twice before taking advantage of an opportunity, whether stealing one for their own use or taking it with the intention to sell it for profit.
But it’s not only thieves that cyclists need to think about. An uptick in bicycle use creates a more significant risk of accidents – especially when you throw vehicles like cars, vans and lorries into the mix. That’s why cyclists need to make sure they have the appropriate insurance for theft and damage cover.