- Category: More Bikes
- Published: Friday, 03 October 2014 12:23
- Written by Super User
- Hits: 1040
While there is no legal pressure to get insurance for a push bike, as there is for a motorbike, many of the other reasons for insuring a bicycle are basically the same as for a motorcycle, and there are tailor made policies designed for riders of both. Here we look at why these bicycle insurance policies can be very beneficial to cyclists compared with relying on home contents insurance to protect a bike.
What Home insurance Won't (Usually) DoHome contents insurance is a great idea, but it simply isn't designed to cover expensive, commonly stolen items that are often taken out of the home. This is why it often isn't enough for situations where these kind of items (like bikes, laptops and mobile phones) are damaged or stolen. Often, these items are only covered in certain conditions, and are also only covered up to a certain limit. There may also be a significant excess to pay. As most bike thefts don't occur as part of larger home robberies (they are more usually stolen outside of the home), it is usual that you will be faced with making a claim for the bike alone. With a high excess and the loss of your no claims bonus, this may not be worth it, but you are still left with no bike to use until you can raise the money for a new one (or get yours repaired if it was in an accident rather than stolen).
Another thing home insurance won't cover you for is injury or liability. Certainly, you are less likely to cause an accident where someone might get hurt or have their property damaged on a bike than on a motorbike or in a car, but it can still happen, and you can be sued. This can end up being a fairly terrifying thing to happen, legally and financially.