Biking enthusiasts and owners will be happy to know that their bicycles can also be covered under their home insurance policies.
The procedure is a rather simple one and gaining popularity. Bikers can now insure their bikes under home insurance as bikes can be covered under contents insurance. However, a price comparison website has noted that it depends, on where and when your bike will be covered.
Although some insurance policies will offer you protection no matter what the location of your bike, other insurance policies will be particular about the location of your bike and will cover your bike only when at home.
Owners of bikes who cycle abroad will have to factor in on this condition of insurance companies specifically. The editor for the price comparison website has warned buyers of home and bike insurance alike to choose their insurance policies carefully, as there would be no point in buying an insurance policy that will not cover you in all circumstances.
Cyclists, with or without bike insurance are being advised to park their bikes in safe locations and also to lock their bikes up if parking in a public place. The UK has been experiencing a cycling boom this year with cycle retailers witnessing a higher number in cycle sales over last year. At the same time, the figures for cycle theft have also increased by 22 percent over last year’s figures.
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