Whether it’s your daily mode of transport or a source of recreation on the weekends, bicycle insurance is fast proving to be an essential type of cover. Whilst many don’t feel like they ought to insure road or mountain bikes, it’s the kind of policy that really does help should you need to claim. For those asking the all important question, “should I insure my bicycle?” We’re providing a resounding, “yes”. Here’s why…
They're not an inexpensive item
If you’ve insured your smartphone and laptop computer, why wouldn’t you insure your bike? This train of thought revolves around the idea that a bike is at as much risk as electronic items are. In fact, some might argue that the risk is even higher as you cannot blacklist a bike once it is stolen, the same way that you can blacklist a stolen phone. Furthermore, bicycle insurance helps to safeguard the initial financial outlay that comes with purchasing a quality bike in the first place.
Don’t ride it out, get mountain bike insurance
Your bike is important to you
For some, a bike is part of a livelihood, making road or mountain bike insurance a vital policy for professional athletes who use them as part of a career. For others, bikes are an important part of weekend and family activities, where quality time is spent riding together. This makes the loss or damage of a bike something that could really put a dampener on things. By ensuring that your bike is covered, you’ll be able to enjoy the peace of mind that comes with knowing that this possession is never at risk.
Damage can occur at any time
From knocks and scrapes to more serious things, your bike can become damaged in a host of situations. Any bike enthusiast will know the perils of a snapped frame or damaged braking system. Whether it’s damaged whilst out riding or even whilst transporting it on a bike rack, good cover will ensure that you’re never out of pocket. More than that, it will guarantee that you’ll be back riding in no time.
Theft is rife
No matter where you are located, the threat of theft is a very real one. With some bikes costing the same price as some cars, they should also be seen as an asset of tremendous value. Serious bike fanatics will know that some of the more expensive models of mountain bikes cost in excess of R100 000.00. This makes complete sense to have a policy that protects it. With staggering amounts like this, the chances are that there would have been a fair amount of sacrifice and planning in order to afford such a purchase. It’s for this reason that we advise all of our clientele to keep them properly insured.
Don’t take the chance, insure your bike
At Compendium, we understand how much your bike means to you. It’s why we provide a host of insurance options that cater to your needs and budget. For more information on the variants available to you, why not chat to one of our knowledgeable brokers today on: 087 724 9390, or click here