Bicycle Theft Insurance Ontario

Pedal power offers all perils which includes collision or upset fire and theft.

Bicycle theft insurance ontario. These provide damage theft coverage for your bike personal injury insurance and third party liability should you damage other property or people. Get quotes from these bicycle insurance providers and more. In many situations bicycles are covered by your standard homeowners renters or condo insurance policy. You could protect your finances from theft by taking out bicycle insurance.

If you use your bicycle for racing or competitions consider a bike insurance specific company such as velosurance or sundays insurance. For fully loaded high performance bikes of a greater value you may schedule the bike giving you coverage for the bike at its purchase price. Plus if you re injured on your bike in a collision with a vehicle your auto insurance may even cover your medical bills. Velosurance offers the availability of a multi risk stand alone insurance policy allowing cyclists to insure their bikes for theft physical loss damage and liability.

Your bike is valuable. What physical damage coverage do you offer. Yes with certain underwriters at lloyd s of london. Bicycle insurance for theft or damage.

The two big players in the bike insurance game are markel and velosurance. Pedal bikes are also at significant risk of theft and again the oasis bicycle insurance program can help. On public roads or in other places accessible to the public you must always secure your bicycle to an immovable object with one of the above locks. A traditional bicycle insurance endorsement will only offer compensation if your bicycle is damaged in the event of a covered peril vandalism or theft.

Compare quotes for cover whether you have a mountain or road bike and it gets stolen. Is all coverage with the same insurance company. Whether at your home on your auto riding the trail or the road bicycles are rarely covered for theft or damage. Cyclists may be unaware they don t need specialty insurance to protect their bicycles.

Your typical homeowners or renters insurance policy. Just like renters and homeowners insurance these policies will cover you for theft damage and more but they ll also cover the cost of emergency situations on bike courses as well as medical expenses that result from bike related accidents. Additional options for your bicycle insurance. With this addition you are specifically providing more information about your bicycle including the make and value plus any special features.

A deductible applies to all losses the deductible is 5 of the insured value minimum 250 maximum 1000.