While many assume their bikes are covered on their home insurance, often they are only covered for an additional premium.

However, more bespoke bicycles created especially for you or more than one bike may exceed the policy limits. Therefore more specialist cover will be required.

Cycle insurance cover details

What’s covered
  • New for old replacement available with no depreciation.
  • Cover is available for theft, accidental damage and vandalism.
  • Liability cover, in case a third party holds a cyclist responsible for causing an incident and wants to pursue a claim against them.
  • Personal accident cover.
  • Europe and worldwide cover available, including loss or damage to the bicycle whilst in the custody of an airline or courier.
  • Friends and family are covered while using the policyholder’s bicycle.
  • Cycle breakdown covering punctures, transporting the bicycle to a home or repair shop if it’s unusable.
  • Replacement cycle hire while a claim is being processed.
  • Accessories, spares, clothing and protective headgear are all covered.
  • Theft, accidental loss or damage whilst competing in race events or triathlons, including when the bike is in a marshalled transition area between disciplines.
What’s not covered
  • Theft from a communal hallway, private garden or public place where the bike has not been secured properly with an approved lock.
  • Personal accident and liability cover are excluded outside of Europe, or where the policyholder is aged under 16 or over 85.
Optional cover
  • The following can all be optional extras rather than mandatory cover:
    • Europe and worldwide cover,
    • Accessories, spares, clothing and protective headgear,
    • Personal accident cover,
    • Competition cover.
  • Policy limits can be tailored to your requirements.
Ways to trade
  • Schemes – Build your business by offering bespoke personal lines insurance which meets your customers’ exact needs.

Explore the Cycle insurance market

Market information
  • In 2016, more than 2 million people cycle at least once a week.1
  • The longest tandem bike ever built had 35 seats and was 67 feet long.2
  • The world’s most expensive bike was designed by artist Damien Horst and was auctioned at Sotherby’s for $500,000.3

1: http://www.bbc.co.uk/news/business-35101252, 2, 3: https://www.actionaid.org.uk/blog/fundraising/2015/04/07/8-weird-and-won...