Is your bike covered on your home insurance policy?
Don’t assume that your bike is automatically covered on your home insurance policy. All insurance providers are different, and we strongly advise that you check your policy documents carefully.
Here at Swinton, we have recently upped the cover on bikes. On both our Classic and Premier home insurance options, each bike kept inside your house or flat will be covered up to £2,000. If you keep your bike in a shed or garage, bear in mind the limit for Theft from Outbuildings, which is £2,500 for Classic, and £5,000 for Premier policies.
Away from the home, your bike needs to be locked up if unattended, and needs to be included in your Personal Possessions limit if it’s worth £2,000 or less. If your bike is worth more than £2,000, it needs to be listed as a specified Personal Possession if kept inside your house or flat – this includes sheds and garages. These options can be selected during the quote process.
Don’t forget accessories, either, such as mounts and lights – as you’ll know, these can really add up! With a Swinton policy, they need to be included within the Contents Sum Insured limit. Remember, if you store your accessories in an outbuilding, these will form part of the Theft from Outbuildings limit. If taken away from the home, they need to be included as part of the Personal Possessions limit.
Note that if any of your accessories are stolen outside the home, they will only be covered on a Swinton policy if your bike’s frame is taken at the same time.
If your bike is damaged by a car and the driver is at fault, the cost of the damage may be claimed from them. General accidental damage to your bike is covered under the Personal Possessions limit. If you sustain an injury while riding your bike and you need to take legal action, Home Legal Protection will offer you cover – this is included as standard on our Premier home insurance, and is available as an additional option on our Classic product.
When you’re working out how much cover you need for your home contents, we understand that it’s easy to forget things – our handy Home Contents Calculator will help you estimate the total value of your possessions, including your bike.