No matter if it’s just you commuting on one e-bike each day or having several race bikes for competitions, bike insurance provides critical financial protection against theft, damage and accidents that might otherwise incur large financial losses.
Numerous policies offer comprehensive protection for cyclists, including personal liability coverage, new-for-old replacement coverage and transit protection.
Velosure
Bike insurance usually provides comprehensive protection against theft, damage and third-party liability claims for bicycles. Furthermore, loss-of-use and replacement costs may also be covered – while not essential, this coverage can be worth having for more high-end models. You may even consider getting away from home bike cover as many insurers offer it as an optional extra with their household or contents policies.
Wiggle’s bicycle insurance provides comprehensive protection for owners of electric bikes against the risks inherent in riding them, from new-for-old replacement or repair, international travel cover and competition cover, as well as accessories, family protection and multi-bike discounts.
CycleGuard’s insurance policy is similar to Velosure in its many features and benefits; such as 10% multi-bike discount, roadside assistance, family cover and cycling accident legal support service. They also provide various add-on services such as DNA security marking and domestic in-transit cover for added peace of mind.
Pedalsure
If you’re planning a cycling holiday, Pedalsure offers great policies to cover European and worldwide travel coverage as well as additional options like accessories and competition coverage. In addition, new-for-old cover and PS5 million public liability are provided as additional features of their policies.
Home insurance might cover your bike while it’s stored inside, but this doesn’t always extend when leaving it outside or in public spaces. Therefore, cycling insurance could offer additional protection from theft and accidental damage to ensure its well-being.
Though bicycle theft has decreased, it still poses a significant threat for cyclists. Most insurers require you to use one of their approved locks, otherwise your policy could become invalidated and replacement bikes provided. Other benefits of cycling insurance may include personal accident coverage, loss-of-earnings coverage and physiotherapy benefits that may prove invaluable should an injury occur on the road.
Bikmo
BikeRegister and specialist bike insurer Bikmo have joined forces to offer exclusive savings* on cycle insurance policies. Bikmo provides coverage for bikes and cycling gear regardless of where you ride – be it home, on holiday, competing, touring or organizing tours – including zero excess claims where replaced by one of their retail partners as well as competition cover for sportives, triathlons or downhill events.
Bikmo has designed their policy specifically around cyclists and covers bikes on roads, trails and in the mountains regardless of location – whether for leisure, competition or touring purposes in Ireland and overseas. Bikmo’s business model emphasizes sustainability, transparency and accountability to provide balanced profit/purpose results; in addition they allow bikes to be stored securely within sheds/hangers while their insurance provides full replacement cover.