Cycling is an increasingly popular activity in the UK, with more and more people choosing to take to the roads on their bikes. With this increase in popularity comes an increased need for cycle insurance cover, as cyclists are at risk of accidents and theft. We'll take a look at the various options available for cycle insurance cover, as well as the benefits and features of each.
There are several different options available for cycle insurance cover in the UK, including standalone cycle insurance policies, as well as cycle cover that can be added onto existing home or travel insurance policies. Standalone cycle insurance policies offer the most comprehensive level of cover, but can be more expensive than adding cycle cover onto an existing policy as they are tailored specifically to your needs and not a set blanket level of cover bolted on to an existing policy.
Standalone cycle insurance policies are specifically designed to cover your bike against theft and damage, as well as providing cover for personal accident and liability and sometimes, more. These policies can be tailored to your individual needs, with options for varying levels of cover, excesses, and additional benefits.
The most basic level of cover provided by cycle insurance policies is protection against theft and damage to your bike. This can include cover for accidental damage, malicious damage as well as theft from a locked location while you're out and about.
Personal accident cover is an optional add-on to many cycle insurance policies (included in the price with NextGen bicycle insurance) . This type of cover provides financial protection in the event of an accident that results in injury, disability or death. Some personal accident covers can help to cover medical expenses, lost income, and other related costs.
Liability cover is also an optional add-on to many cycle insurance policies (again, this is included in the price with NextGen). This type of cover provides financial protection in the event that you are responsible for causing injury or damage to a third party while cycling. Liability cover can help to cover legal costs, compensation claims, and other related costs.
Some home insurance products offer cycle cover as an optional add-on. This type of cover typically includes protection against theft and damage to your bike. Adding cycle cover to your home insurance policy can be a convenient way to protect your bike and benefit from the protection of your existing policy. However, you're likely to not have the level of cover you may truly need - check out what's covered and if it meets your needs. Additionally, if you make a claim for your bike on your home insurance policy, at renewal, you're likely to see a price increase and you could potentially lose some of your hard earned no claims discount, impacting your premium further.
Some travel insurance policies also offer cycle cover as an optional add-on. This can be particularly useful if you're planning a cycling holiday or taking your bike abroad. Travel insurance with cycle cover can provide protection against theft and damage to your bike, as well as cover for personal liability and emergency medical expenses. NextGen offer travel cover within the price of your policy.
Cycle insurance offers a range of benefits and features that can provide peace of mind for cyclists. These benefits and features can vary depending on the level of cover you choose, but can include:
Protection against theft, accidental / malicious damage to your bike, both at home and while you're out and about.
Cover for personal accident and liability, which can provide financial protection in the event of an accident or injury.
Protection for accessories and modifications, which can be valuable if you have invested in expensive components.
Emergency assistance and recovery services, which can provide assistance if you break down or get into difficulties.
Legal advice and representation, which can be helpful if you need to make a claim or defend yourself against a claim.
It's important to be aware that there's currently no U.K. regulation on insuring bicycles or covering bicycle journeys, however, as we've outlined, it may be prudent to get bicycle insurance in place to ensure you're covered in the event of an incident.
We'll get you a replacement bicycle quickly - don't forget that Gold Secure lock!
Including cover for accidents, weather and malicious/vandalism damage
Free legal helpline and legal support to recover those uninsured losses
We provide you with cover in the event that you seriously injure yourself whilst out cycling
Injury to a member of the public or damage to third party property whilst out riding
Want to be covered while you're cycling the globe? No problem!