What is covered?
Do you want cover that just protects your bicycle, just protects yourself or both? You should check what is covered as standard and then you can tailor the policy to add on additional extras if necessary.
When and where is the cover valid?
Read the policy carefully to check when and where you’ll be covered. For example, is your bicycle covered from theft if you’ve stored it at a different address to your home address overnight? Also, if you’re into cycle touring, you’ll need to ensure that you’re covered in other countries. Most insurers will allow you to choose whether you want to be covered worldwide or just in Europe for up to either 30 days or 60 days.
How much is your bike covered for?
Check if there’s a limit on the amount the insurer will pay out for replacing your bike. You might need specialist cover if your bike is expensive.
Do you need to have specific locks?
Most insurers insist that your bike is locked with an approved lock in order to be covered. It’s likely that there will also be rules about how you secure your bike, for example, locking it to an immovable object.
How much is the excess?
You don’t want to be paying a fortune if you need to make a claim. Most insurers give you the option to choose your excess, often varying from as little as £50 up to £500 but it’s worth bearing in mind that the lower the excess, the higher your premium will be.