The Pros And Cons Of Bicycle Insurance

Many health and environmentally conscious people are choosing bicycles as their preferred mode of transport, for work and play and even adventure afar. With so many bicycles on the roads, it makes sense that there should be bicycle insurance that gives specialist cover, leaving nothing to chance, and there is.

With so many things to insure and so many insurers in the market, it’s difficult to know where one cover ends and another begins, or if they even cover everything they need to. It’s probably fair to think that a comprehensive house and contents insurance will cover most needs but will it? Just because house and contents might include the bicycle, it doesn’t mean it covers everything a person does with it.

Finding the best bicycle insurance depends entirely on the level of use and the level of cover required. Most specialist bicycle insurers will cover everything from theft at home and away from home, accident and crash damage, personal injury and even transit loss or damage whilst travelling. With some people choosing to spend much more time on their rides, insurers have even taken high value bicycles into account. Many other nonspecialist policies only provide cover for less expensive items, where the priority isn’t placed on the item itself or its use.

Some insurers have chosen to service the demand by adding a more comprehensive cover for bicycles, to the standard house and contents, which is handy for enthusiasts who want a standard cover with all the cycling extras added in. It’s a very cost effective way of covering bicycle theft insurance away from the home as well as accident damage, public liability and even worldwide cover for damage, whilst trekking around the planet.

Other policies are specifically aimed that the specialist sports person. This is an extra standalone cover for the professional cyclist. It is comprehensive worldwide cover that isn’t part of any other insurance policy. Those who are very serious about bicycles and cycling and spend a large amount of their time involved in the sport, would benefit most from this type of cover.

When trying to choose the right insurance there are always pros and cons and bicycle insurance is most certainly, no exception. Most insurers have similar if not the same cover on offer with slight variations on excess, new for old replacement and cover of bicycle cost, which can be quite high.
When choosing the most suitable bicycle cover, it’s important to decide whether separate specialist cover is required, or if a more comprehensive variation on a standard home and contents policy would be sufficient. Obviously the more insurance policies the more complicated and expensive things become, so cost, cover and simplicity are key in the decision making process.

If the bicycle rarely leaves the home, then extra cover might not be required but accidents do happen and it’s nice to have some peace of mind when heading out on that Sunday morning cycle. If the bicycle is out and about on a regular basis then it might be a good idea to include the extra cover needed in an existing or new house and contents insurance package. However, for a true professional who lives, eats and breaths cycling, then a specialised standalone cover would most likely be the best option. It might be more expensive but when it’s everything, it should cover everything.

So whatever the choice, bicycle cover Australia will have a policy to suit most needs. If the choice is to buy bicycle insurance, then chances are with a simple check list of needs, costs and benefits, the right cover should be pretty painless really.

Joanne Lemke is a final year creative writing student at UOW, who is looking to break into the corporate copywriting space once she graduates and hopefully go on to eventually some day write a book around her other passions, namely business and financial changes.

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