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![]() Get insured before you get on your bike
As the weather heats up it's a great time to get some exercise and sunshine - such as riding a bike. It's much cheaper and greener than using a car or public transport plus it will keep you in good shape. However, bicycles are often an easy target for thieves and the more expensive the model you have, the more important it is for you to protect your bike with insurance. Bicycle insurance can be really cheap, and with a bike stolen every 65 seconds in the UK it's definitely worth taking out a policy. Bicycle cover included in home insurance Step two: questions to ask
Step three: how does it work? Most home contents policies will cover a bicycle when it is in your home, an outbuilding or garden. Bikes are covered for full replacement value provided their value is included in your total sum insured. To cover your bike away from home, you will probably need to add 'personal possessions cover away from the home' to your policy. There will be a limit to how much you can claim per bicycle, so if your bicycle is worth more than that it will need to be classed as a 'specified item'. The 'cover away from home' section should provide cover for the bike when temporarily removed from your home - at Marks & Spencer they will also have cover for your bike when it's taken abroad. Step four: get the best deal Keep an eye out for special offers and discounts like these:
Don't forget to check our home insurance comparison table to see whether another provider can beat your current premium. Specialist bicycle insurance Cycles are pretty easy to steal and resell because they don’t have the security that cars benefit from. Specialist or stand-alone insurance policies are particularly aimed at more serious cyclists who have expensive bikes or take part in competitive cycling. Clearly the more you cycle, the more likely theft, accidental damage or road accidents are. These will cost you more (often double the price) but will include much better cover. Step two: what should it cover?
Step three: how it works Specialist companies tend to offer different types of cover which you can choose according to your needs, whether simply for leisure, commuting or competitive use. The two major providers of specialist bicycle insurance are Cycleguard and E&L. At Cycleguard you can choose one of four policies including one for kids, one for roadside recovery alone and one for triathletes, so there is lots of variety and flexibility. E&L offers both leisure and competitive cycling insurance. Their Leisure Plan covers bicycles used for day-to-day leisure and road-based time trials and the Compete Plan covers bicycles used for racing and competitions for semi-professional cyclists. Step three: get the best deal
Here are our top tips to avoid your bike being stolen:
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Chiara Cavaglieri
Moneymagpie Moneypedia
16.06.2008



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