Cycle Insurance - Summary of Cover
|
Cover |
Explanation |
Included |
|
Loss or Damage |
Cover for fire, theft, accidental loss and damage to the insured bicycle and specified accessories up to 100% of sum insured. |
Yes |
|
New for Old |
If cycle and equipment is totally destroyed or stolen within 2 years of new, sum insured or new market value if less. |
Yes |
|
Depreciation |
Cycles over 2 years old 10% p.a. is deducted for wear and tear. |
Yes |
|
Excess |
An excess of 10% on all claims. ( subject to a Minimum of £49 |
Yes |
|
Security |
Whilst at home between 9pm & 6am must be kept in the home or a lockable building of brick construction. At all other times whilst the cycle is unattended or in transit it must be locked to immovable object with either a U Lock or other British standard lock. |
Yes |
|
Replacement Hire |
Hiring of alternative equipment following a loss. Amount payable £150 per week monthly policies And £100 per week for annual policies subject to a maximum of £500 for either scheme |
Yes |
|
Legal Fees Helpline/Advice |
Legal fees and advice for incidents involving incidents with the cycle. |
monthly only |
|
Emergency Recovery |
Unable to complete journey. Must be more than 5 miles from home. Up to £200 payable for monthly policy and £150 for annual policy towards getting you home costs. |
Yes |
|
European Use |
Western Europe cover extends for 45 days monthly policy and 31 days annual. |
Yes |
|
Waiver of Premium |
Monthly Policies only payment protection for unemployment, accident, disablement, death & hospitalisation. |
monthly only |
|
Personal Accident |
Accidental Bodily Injury whilst cycling resulting in one of the following. Death, loss of total sight, loss of one or more limbs, Deafness in both ears and permanent disablement. £12500 payable on monthly policies and £10000 on annual. (reducing to 25% for under 16's. |
Yes |
|
Competition Use |
Road or Mountain Cycle racing or trials |
NO |
|
Public Liability |
Third Party Liability for claims and costs arising out of use of insured bicycle. Cover £1.25 million monthly policy and £1 million annual. |
Yes |