bicycles header graphic
Bicycle Insurance
Why Bicycle Insurance Is Essential And Worth Considering
By The Basic Bicycle Team

While there are many ways to safely secure your basic bicycle, these will not always prove to be foolproof and therefore taking out adequate basic bicycle insurance is an important additional step.

get basic bicycle insurance

Another reason why bicycle insurance is becoming even more essential is because you and I are looking to alternate forms of economical transport (much like the fuel economizer gas moped scooter) but more of a human propelled nature. This has resulted in more people embracing bicycles for commuting to and from work. And lets not forget the the importance of the bicycle and exercise, where the basic bicycle is extremely popular whether it is used for leisure or sporting events.

So how are basic bicycles and bicycle-related incidents covered under insurance?

Policies differ by Insurance Company, and may even differ within a province, state or country.

In general, both homeowners and renters insurance may typically cover your personal property worldwide against specified perils, generally including theft, and this will of course include your bicycle.

There are limitations and exclusions on this coverage, and they vary significantly among different insurance companies and policies.

One common restriction is that personal property at a secondary residence such as a vacation home or one that you are visiting for an extended period of time, may have a fairly small amount of coverage. So if you want property at that location to be fully insured, you better insurance on the property taken to or at that location.

At this point you are wondering how much will insurance pay for my bicycle if it gets stolen wherever I am?