When a student son or daughter leaves home to go off to college, very often their parents’ help to subsidize their expenses to a certain extend by allowing them to include the contents of their student homes and such things as bikes on their own current home policy.
This was not the case with one student, who recently had her individually insured cycle stolen whilst she was in the college. She had locked her cycle with a good, secure lock and gone in to lectures. When she returned an hour or so later, the bike had been stolen. Although annoyed and inconvenienced by the matter, she was consoled by the fact that she had had the forethought to arrange insurance through a well known company who marketed themselves to the student population. The bike had been a special present from her parents and she had taken great care with it, but there’s a limit to the care you can take to something as portable as a cycle.
When the time came to make a claim, however, she was met with something of a shock – the insurer wouldn’t cover her claim because she hadn’t removed the front wheel and saddle! The mind boggles at the thought of dozens of students milling around a college, armed with front wheels and saddles, but actually the statement was quite correct. It appears that the condition was in fact stated in the small print in her policy. Whilst accepting that she should have read all the small print, the student felt that this was beyond reason.
Annoyed that, despite the fact that she’d paid over 10 per cent of the bikes value when new for the yearly premium and had agreed to an excess of 10 per cent, she was refused cover for what she thought was a crazy reason, she took the matter further. She felt very strongly that her attention should have been drawn to the very odd proviso at the time of taking out the insurance. The underwriters for the insurers were unsympathetic though eventually the insurers had a change of mind and agreed to pay the claim.
It appears that the impracticability of removing wheels and saddles whenever cyclists needed to leave their bikes anywhere had been realized. As a result of this they had actually brought all policies up to date with this proviso excluded. As a matter of goodwill, they had decided to apply this to our sad student’s position too.
Cycling clubs often offer very good deals with cycle insurance too. One environmental group would offer insurance, with a cycle rescue package and third party cover at just over thirty pounds.
Cycling is environmentally friendly, money saving and excellent exercise. In many large towns and cities, it’s a much more time efficient than travelling by public transport. Just a word of caution, though – there are more than a hundred deaths every year in the cycling world and more than two thousand serious accidents. You wouldn’t drive a car without insurance, so why risk it on a cycle? You’re not just talking personal injury either, if you’re responsible for causing an accident or damage you could be sued for that too.
An on-line broker is the easiest way of finding the right cycle insurance for you. They’ve got details of all types of cover at the very best prices.
As explained in this article Bicycles require the right kind of insurance, but this is not the only insurance needed. We should all consider other kinds of insurance, like home insurance and life insurance. Life Insurance is particularly necessary to protect our families in cases of sudden death.

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