Bicycle Insurance

Unfortunately, we are unable to insure bicycles used for business purposes. This would include for example, Bicycles used for food delivery.

Legal Expenses insurance is included in all of our pedal bike polices. We recognise that cyclists are vulnerable to accidents with third parties such as motor vehicles and thus this policy will help to recover amounts for injury or damages. Level of cover £100,000.

Yes, our policy can cover up to 10 cycles on one policy, you can also add additional family members if required.Please note we cannot cover additional riders that are under the age of 14.

We do not make deductions based on the age of any cycle.

You should insure your bicycle for the full recommended retailer’s price of a new replacement cycle, this will help ensure your sum insured is adequate.

Your cover will start as soon as you pay your premium online, either in one lump sum or by instalments. However please note, cover cannot be backdated and you cannot claim for damage that has already occurred to your cycle.

We can insure all types of Pedal Cycle that are used for pleasure use including, commuting, touring and sportives. We can also supply a competitive use extension if required.

We cannot however cover cycles that are used for business purposes, such as those use to carry goods for delivery or couriers or used as taxis. We also cannot cover professional cyclists.

Possibly, you should check with your home insurance provider as well as the scope of the cover they are offering. You can then compare the cover on offer with that you can obtain from Assetsure.

Yes you can, and this option is available if you buy your policy online. Please be aware though that in the event of a claim, the full annual premium becomes payable.

The cost of your policy is dependent on a number of factors such as; the value of your bike, your age and where you live. Obtaining a bike insurance quotation from us is easy, we can usually indicate a premium online with these three simple pieces of information.

We want you to be entirely satisfied with your Assetsure Cycle Insurance policy. We thus provide you with an extended cooling-off period. Most policies will allow a 14 day cooling-off period, we allow 30 days. If you change your mind within this period and you have not made a claim you can apply to us for a full refund of your premium.

No, we see ourselves as an insurer of “Keen amateurs”riding for pleasure. We do however offer an extension for persons wanting to take part in competitions providing of course they are not taking part as a professional rider.

Yes you can purchase the European extension and use your cycle in the European Union for up to 45 days in any one period of insurance. For the purpose of our insurance we also include Switzerland, Iceland, Norway, Monaco, Madeira, Gibraltar and Andorra.

If you want us to consider a longer period or you intend to travel further afield, give us a call on 0208 0033 190 and we’ll see what we can do.

Yes, cover is provided up to £100,000 but please be aware, the insurers will want to appoint a legal advisor of their choice and there must be a reasonable prospect of success.

No, although we think it is a good idea if you do so.

You should be aware that if you need to make a claim, we will require you to provide us with documentation or other evidence which clearly demonstrates ownership of the property and helps substantiate your claim, for example: original purchase receipts, bank or credit card statements, instruction booklets, photographs, the remains of the Approved Lock and/or the keys.

We will only ask for information relevant to your claim and we will pay for any reasonable expenses you incur in providing us with this information.

It is very important to make sure your sum insured is accurate to ensure that we are able to replace your cycle. When new models are released, they often increase in price and thus you should check your sum insured annually to make sure they are adequate.

If you are in any doubt as to the new replacement cost, please consult your cycle dealer.

You should insure your cycle/components for their replacement cost as new, ignoring any discount you may have received as a "special offer" from the retailer or place of purchase.

Please read the following on how we will settle cycle claims.

We will repair, replace or pay for any lost or damaged Cycle, Accessories, and Helmets & Clothing on the following basis:

1. for any standard Cycle, Accessories, Helmets & Clothing the cost of repair or replacement as new;

2. for any discontinued Cycle, Accessories, Helmets & Clothing, the cost of repair or replacement with item(s) of a similar type or equivalent specification;

3. for any hybrid or composite Cycle, Accessories, Helmets & Clothing, where the parts have been individually purchased, we will pay the replacement cost of the individual components;

4. where We can repair or replace an item but You request and We agree to a cash settlement, We will only pay what it would cost Us to repair or replace the item through Our preferred suppliers; but in no event will We pay more than the Sums Insured shown in the Schedule or as limited below

Under Insurance

Please note If, at the time of theft or damage, the amount Insured is less than 85% of the value of the Cycle, Accessories, Helmets & Clothing shown in the Schedule amount We pay will be reduced in the same proportion as the under insurance.