Due to the fact that most home insurance does not provide cover for expensive bikes or multiple bikes collections, there are now a number of bike insurance providers in the marketplace who specialise in offering bike-only insurance. These providers quite rightly point out the advantages of a specific bike-only insurance policy compared to standard home insurance. Generally speaking, a standard home insurance policy is too limited for cyclists and triathletes and so these bike-only policies tend to offer additional cover such as:
• Crash damage
• Breakdown cover
• Liability cover
• Cover when competing
And some may even offer:
• Kit cover
• Loss of race fees
• Bike hire cover
• Personal accident cover
• Worldwide cover (although some may charge an additional cost)
You can even add additional bikes to these policies – albeit at an extra cost!
Whilst these bike-only policies are far more suitable than a standard home insurance policy for cyclists and triathletes, there are still a number of factors that make a combined home and bike policy a better option – not least the fact that a bike-only policy doesn’t cover your home, so you still need to buy a home insurance policy!
Combining Pedal Bike Insurance with Home Insurance
The aim of the Pedalcover home and bike insurance policy has always been to offer everything (and more) offered by a bike-only policy with the added advantage of also providing buildings and contents insurance for your home. There are many advantages of combining home and bike insurance , with one of the most important being that everything is covered by one policy. This not only cuts down the hassle of sorting out insurance but also, in the event of a claim, means the process is far simpler. For example, if you have separate home and bike insurance what happens if your home, shed or garage gets broken into? Does that mean you have to make two claims, one for your bikes and one to deal with the break in at home with your home insurer? That’s two phone calls, two claims and a lot of hassle!
Other Advantages of Home & Bike Insurance compared to Bike-Only Insurance
- Theft away from home will usually require your bike to have been secured to an immovable object with a Sold Secure Gold rated bicycle lock for bikes over £1,500. Who wants to be carrying a big lock on a lovely summer ride on your nice light bike with your lovely lightweight summer kit? Pedalcover makes no such stipulations.
- Some providers even restrict theft from a car between 9pm and 6am. Pedalcover doesn’t.
With our unique home and bike insurance you don’t have to be concerned with the above. And best of all, we cover all of your bikes – there’s no limit to the number or value of the bikes and also no need to specify the bikes on your policy.
If you have any questions about our home and bike insurance policy please get in touch. We’re not a call centre, but a team of passionate, enthusiastic and dedicated cyclists (and insurance experts!) who will be happy to answer any questions you have. We understand what you need from a policy and what concerns you have, so please call us as we would love to tell you more about our policy.