British Cycling

NEWS FOR FEBRUARY

BRITISH CYCLING BIKE INSURANCE - THE BEST!

British Cycling has recently updated its cycle insurance policy which is avaliable to members - here is the latest news on this excellent policy.

Can I insure my bike ?
Yes. We now offer a very competitive cycle insurance policy that aims to get you back on your bike as soon as possible after loss or damage.

Why Insure your bike ?
Statistics show that around 400,000 bikes are stolen every year and around 26,000 cyclists are involved in cycling accidents. British Cycling membership provides both liability and personal accident insurance cover and legal advice and support to all of its Gold and Silver members that are involved in a cycling accident. But if your bike is stolen or damaged in an accident that was wholly or partly your fault, or perhaps nobody’s fault at all, who will cover the cost of repairing or replacing it ? Without separate bike insurance cover, could you afford to repair or replace it yourself ?

Why Insure with British Cycling ?
Why take unnecessary risks when British Cycling can take care of all your cycle insurance needs. Our NEW cycle insurance policy caters for both leisure and competitive riders and covers accidental damage as standard, which means that virtually anything that could happen to your bike is covered – whether it gets lost, damaged or stolen.

Working in association with the specialist sports insurance brokers IMR Group Ltd and the experienced cycle insurers E & L ®, we offer insurance that represents exceptional value for money. Take a look at the main benefits and the low premiums offere

Excellent Value Cover
Maximum benefits, before ‘excess’, are :

Loss or Damage - cover for fire, theft, accidental loss and damage to the insured bicycle and specified accessories up to 100% of the sum insured

New for Old – if your cycle or equipment is totally destroyed or stolen within two years of purchase, the full sum insured or the new market value will be paid

Replacement Hire – the policy extends to include any additional expenses necessarily incurred in hiring alternative equipment as a result of an insured loss - up to £150 per week for monthly policies and £100 per week for yearly policies up to a maximum of £500 in total

Emergency Recovery - if you are five miles or more from home and unable to complete your journey due to an insured loss under the ‘loss or damage’ section, help in covering the cost of getting you home can be provided – up to £200 for monthly policies, £150 for yearly policies

European Use - basic cover extends to include western Europe for up to 45 days under a monthly policy and 31 days under a yearly policy

Scope of Cover – UK & Europe or Worldwide

Open to ages - 14 to 75 yrs (members aged under 18 yrs require parent or guardian authority)

Choice of payment Methods – monthly or yearly

5% Discount to members Over 50yrs of age

Note : the ‘Excess’ is the amount you pay towards a claim. All British Cycling cycle insurance policies carry an excess of 10% of the claim with a minimum of £49.

Price Guarantee
We’re sure our cycle insurance premiums can’t be beaten. So sure that if you take out a policy and find the same cover cheaper elsewhere, our brokers IMR will refund the difference.

Security Requirement

always refer to your policy wording for a full description of security requirements

premises housing bicycles must be secured with approved locks on all windows and doors when unoccupied, unattended or occupied overnight

whilst at the home address, the bicycle should be kept inside the home between 9pm and 6am for theft cover to be in force, or in a secure outside shed or garage. Any alarms must be put into operation

accessories must be removed or locked to the bicycle when left unattended.

bicycles left unattended or unsupervised in a public place (including communal hallways) must be easily seen and securely fastened to an immovable object with a ‘Solid Secure’ lock approved by insurers, or locked in a secure area which is only accessible by the insured

while in transit, bicycles must be protected to prevent damage and if unattended, attached to the vehicle with approved locks or locked in an enclosed boot. Vehicles housing bicycles must be secured by a Thatcham security device

bicycles insured for more than £1,000 must be fitted with an electronic tag

Important : At the start of any policy you must inform insurers of any material facts that may be likely to influence them in accepting or assessing the risk. If you are in any doubt whether a fact is material, then you should disclose it to the insurer.

What next ?

just call our cycle insurance brokers on 01582 595595 and they’ll discuss your needs and answer any queries you may have

if you are happy with the cover on offer they can give you immediate cover over the phone

if you wish to pay by direct debit it will be helpful if you have a bank account number and sort code ready. If you prefer, you can choose to pay by paperless direct debit which means you don’t have to sign or return any paperwork

offices are open Monday to Friday 9am to 8pm