Bicycle Insurance

Bicycle insurance may seem a strange concept to the average person, but cyclist with expensive equipment and bikes have known about it for years. Although not a mainstream form of insurance, bicycle insurance is becoming more and more commonplace. In fact Outsurance have launched a standalone bicycle cover product.

This form of insurance protects valuable bicycles against theft, accidental damage or fire. Unlike cover provided by ‘All Risk’ or ‘Home Contents’ insurance, bicycle insurance typically provides cover during competitions, while training and while transporting the bike.

Some policies provide cover internationally for those cyclists who compete overseas. They also tend to have optional personal accident cover and legal liability. Policies usually pay out based on the replacement value of bicycles and accessories.

If you are a hobby cyclist or a professional a short term cycle insurance product could safe guard you from expensive losses.