Bicycle Cover On Home Insurance

While your household insurer might be able to provide cover away from home it will cost an extra fee of course.

Bicycle cover on home insurance. You can have as many bicycles in your home covered as you want. If you want cover for your bike when you are out and about personal possessions cover may be an option to consider. Bicycle claims not covered by home insurance. Your personal property coverage on your home insurance policy will only cover bicycle damage if the damage occurs as a result of an insured peril.

While many home insurance policies include cover for electric bike theft in most cases that is where their cover ends. If your bicycle is worth more than 500 you need to specify how much it is worth. If you want to extend cover to outside your home some insurers let you buy an add on just for your bike at 10 100 for a 1 000 bike. Bicycle insurance covers loss or damage to your or your family s bikes depending on the level of cover you took out with your home insurance policy.

Once your bike has left your home e g locked up outside your local shop it is unlikely you will be automatically covered by a home insurance policy for theft. Home insurers will often only cover bicycles for accidental damage and theft and may not cover damages that occur away from the home. Add personal possessions cover to your home insurance policy and your bicycle is covered up to 500. Standard home contents insurance cover with esure does cover bikes.

However the most we can cover as standard are bikes that would cost less than 500 to replace as new as long as they are stored on your property. Like home insurance specific bicycle insurance will require good theft prevention precautions are in place but will probably cover the bikes in more locations such as in a car or place of work. Pedal cover is the first and only home and bicycle insurance in the uk and is backed by axa the 2nd largest insurer in the world. Others only sell add ons that cover all valuables up to a limit though costs vary depending on the value of your contents.

Bicycles are often covered as standard by home contents insurance policies but it s important to check they offer the cover you need. If you drive your bicycle into a tree for example and your policy is specified perils or named perils as we discussed above then the damage to the bicycle may not be covered. This can be up to 2000. When you take out a home insurance policy with pedal cover we automatically include essential cover such as crash damage theft away from home liability riding your electric bicycles in the uk and on holiday.

If you require these features you can usually add them on to your policy as an optional extra.