Leisure InsurancePolicies for Individuals and the Leisure Industry

Cycling is one of those activities that everyone can enjoy, but before you hit the road you need to be prepared for all eventualities. Bikes can often be expensive and any damage or theft could take a huge toll on your wallet, which is why bicycle/cycling insurance might be worth considering.

Far too many people overlook cycle insurance when purchasing a new bike, but in the long run this can be a big mistake. This particular insurance policy will protect your investment in the event that your bike gets stolen or damaged in any way, and ideally you’ll want financial protection should you cause an accident or third party damage. In any of these scenarios the costs can quickly add up, so doesn’t it make sense to be prepared?

Third party cover could be important, providing valuable backup in the event that a claim was to be made against you, but you may want to extend that with a higher level of public liability insurance as well. If you were to cause a road accident in which someone was injured or third party property was damaged you could be liable to pay costs, and if you don’t want to pay out of your own pocket you should always choose a comprehensive level of protection.

It doesn’t stop there either. You’ll want a policy that offers theft, accidental damage and vandalism cover for your bike, thereby ensuring you won’t have to foot the bill for repairs or replacement. Ideally you’ll want personal accident cover too, and depending on where you intend to cycle you might want to look for European or even worldwide cover. At the end of the day the policy you choose will come down to your own personal circumstances and budget, but if you head to specialist insurers and discuss your needs you could well find the perfect option.

However, it’s important to remember that even though you’ve got insurance you still need to exercise a bit of common sense. Always lock your bike securely to an immovable object using an approved lock – not only will this reduce the chance of theft, but if you don’t take the necessary precautions your claim may become invalid, depending upon the specifics of the policy you choose.

As with any type of insurance it’s important to check the small print so you know exactly what you’re getting and what exclusions are apparent, and don’t be afraid to compare several options to get the best deal. Don’t think that including your bike under your home contents policy will be enough either – the level of cover may not be as comprehensive as a specialist policy, so if you want to be prepared make sure to invest in cycle and cycling insurance and you’ll be ready for anything.