Despite a recent drop in overall recorded crime, the latest statistics show that the number of bicycle thefts reported to the police has increased.
The quarterly crime figures have revealed that in the three months to September 2009 there was a 7 per cent increase in bicycle theft; 34,600 bikes were reported stolen over this period.
A spokesperson for the Environmental Transport Association (ETA) said: “Occasionally a stout lock is not enough – these figures highlight the need for good cycle insurance.”
Do I need cycle insurance?
Based on the latest quarterly crime figures, the short answer is yes. Bikes are vulnerable to theft and in the case of an accident you may need to seek compensation or even deal with a claim by someone else. Cycle insurance from the ETA includes new-for-old replacement, third party insurance, personal accident cover and if you breakdown, they will even come out and recover you and your bike.
| Cycle insurance from the ETA includes the following | Does your policy match up? |
|---|---|
| New-for-old replacement – free race cover | No matter the age or condition of your bicycle |
| Cover for accidental damage – free race cover | Much like fully-comp car insurance cover |
| Free Cycle Rescue breakdown cover for bike and rider worth £34 | If you are unable to continue your journey due to an accident, vandalism or mechanical failure, a van comes to get you |
| Third-party cover up to £1million | You don’t need to join a cycling club to get third party insurance – it’s included with this cycle insurance as standard |
| Personal accident cover | Pays out up to £20,000 in the case of death or serious injury |
| Cycle hire | In the event of a claim, keeps you on the road |
| 90 days’ European cover | Covers your bike on holiday |
| 60 days’ worldwide cover | Covers your bike on holiday |
| ‘Get you home’ cover | Reimbursement for a taxi home should your bike be stolen or damaged |
| No-claims discount | Up to 40 per cent |
| 40 per cent discount for folding bikes |
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