Bicycle Insurance

Did you just purchase your dream bicycle?  If so, then you know that before you can get out on and let the wind surround you on the road, you must take care of one very important detail.  You will need to secure bicycle insurance first.   But when it comes to bicycle insurance you would be wise to educate yourself on the types of coverage that will be available to you from the major bicycle insurers in Australia - including Velosure and Cyclecover.

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Take a look at the list below to get a feel for the breakdown in coverage of bicycle insurance:

Liability – this type of coverage will keep you protected for any accident you are responsible for.  It will include coverage for damage to someone’s body or property.  Because it is often common for people to skimp on this when they are looking for bicycle insurance, keep in mind that a bicycle can do just as much damage as a car can. Make sure you have enough coverage to pay for all medical bills of another person should the unthinkable happen and you end up hurting someone really bad.

Collision – this type of coverage will ensure than your bicycle is taken care of in case there is an accident.  This coverage doesn’t take into account which person who is at fault, it just makes sure that you will have your bike either repaired or replaced in case of an accident. 

Uninsured Motorists – unfortunately not everyone gets on the road with coverage for their motor vehicle, be it a bicycle or a car.  This particular bicycle coverage will protect you should you find yourself hit by someone who falls in this category.

Comprehensive – we all know that bike doesn’t have to be on the road and involved in an accident for something bad to happen to it.  Things like fire, theft, or even being swept away by a flash flood all are possibilities when we deal with the unpredictability of life.  Having comprehensive bicycle insurance will cover you from common theft on down to the less common acts of Mother Nature.

Road Service – this is one of those categories that many don’t get but at some point wish that they had.  All of has have been a scenario where we needed to get our vehicle repaired on-site or either towed while we are out on the road.  Having bicycle insurance which covers these instances can be a lifesaver and often won’t add that much cost to your policy premium.

These are the basics when it comes to bicycle insurance but by no means covers every little detail that can be included in your policy.  The best way to go is to call around and get a few different quotes based on the amount you are willing to pay and what is most important to you as far as coverage goes.  In this way you will be able to compare and ultimately make a more informed decision about the bicycle insurance that will be best for you.