Check home insurance covers bikes

Saturday, 03 July 2010

Those choosing to be more eco conscious by jumping on their bikes should check to see whether their home contents insurance policy covers them completely, it has been advised.

The Guardian has recommended cyclists check to see whether their home insurance has public liability cover, which will cover the cost of legal fees and court-awarded damages if a claim is brought against them in an accident.

According to the Association of British Insurers (ABI), even if there is public liability cover, people should check with their home insurance provider to see if cycling accidents come under the provision.

"If I was to pop out for a bike ride and crash into your car, causing damage to the vehicle, it's highly likely that the public liability part of my home contents insurance will cover me against any claim for accidental damage – but only if I'm a cycling enthusiast as opposed to a serious hobbyist," the news provider quoted Malcolm Tarling of the ABI as saying.

Swiftcover offers bicycle cover as an optional extra on its home insurance. The supplement can be added to contents insurance or buildings and contents insurance cover through the company.

The London Cycling Campaign advises cyclists to always lock up their bike to reduce the risk of theft.

Posted by Noel Martin

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Swiftcover and are both trading names of AXA Insurance UK plc, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority