It is known that in recent years cycling has become more popular for sports and recreation uses, but also for transportation as it is a more flexible, economical and ecological alternative. As a result, cases of theft and the risk of unforeseen accidents are constantly increasing. The solution is bicycle insurance as the rider can mitigate the dangers that can deprive the joy of exercise and the comfort in transportation.
With an attractive package of covers, both the cyclist and the bike itself are protected from a series of everyday hazards.
Here are some options that bike insurance can offer from our partners:
Total Bicycle Theft
We compensate for the total theft of the bicycle from the house, car, warehouse or garage. A prerequisite is that the area (or car) in which the bicycle was kept was locked, that there are traces of burglary and that the incident has been reported to the police.
Own bicycle damages
We cover any type of damage that the bike may incur during its use or transportation which affects its operation.
Roadside Assistance
Nationwide & 24-hour coverage in case of damage or accident, which ensures the transportation of the bicycle to a workshop or to the starting point, e.g. the insured’s home
Third party liability up to 50.000€ per event per year
The Insured’s Civil Liability is covered in the event that, through his/her own fault, he/she causes to third parties bodily injury or death or material damage during the use and operation/circulation of his/her bicycle.
Important Exceptions
- The theft of parts or equipment of the bicycle
- Theft as a result of abandonment of the bicycle
- The use of bicycles for commercial purposes, such as the transportation of parcels
- Damages of aesthetic character that do not affect the operation of the bicycle, such as scratches, color alteration, etc.
- Own damages that have occurred because the insured has not followed the manufacturer’s instructions for use, due to a manufacturing error or defect
- Participation in races or demonstrations
- Accidents that occurred under the influence of alcohol or toxic substances
- The company will not compensate in case the bike is rented out
Additional covers that can be selected are:
Loss of Life of Cyclist due to Accident 10.000€
In case of Loss of Life due to an accident or bodily injury which will result in the Loss of Life of the Insured, the Company will pay compensation.
Permanent Total Disability due to an Accident 10.000€
In the event that bodily injury due to an accident causes the Insured permanent total disability, which does not allow him to practice any profession or some work for remuneration, the Company will pay compensation.
Treatment Costs for Bodily Injuries from an Accident up to 1.000€
Medical or surgical fees, hospital or clinic expenses, X-rays, laboratory tests, exclusive nurse’s fee within the hospital or clinic, use of a car ambulance, medicines, physiotherapy costs, surgical bandages, splints, plaster bandages, crutches, blades, necessary special devices and mechanical aids are covered.
Dental Expenses up to 500€
All expenses incurred by the Insured for the treatment or restorations of natural teeth damaged by the Accident are covered.
Visual Expenses up to 500€
All the costs of replacing the contact lenses or the eyeglasses of the Insured which were destroyed during the Accident are covered.
Hospital Allowance 15€/day
In case of admission of the Insured to a hospital or clinic due to an accident, the Company will pay 15€ per day for each day of stay in the hospital or clinic, with a maximum of fifteen (15) days for each accident.
Legal Protection up to 3.000€
The Legal Protection of the Insured is covered for the following:
- Claim for Property Damages (over 300€) & Bodily Injuries of the same
- Defense for Injury or Loss of Life of the same due to a traffic accident
- Rebuttal of Claims for Property Damages & Bodily Injuries of Third Parties
- Criminal Defense due to Injury or Loss of Life of third parties
- Recourse to Administrative Authorities and Courts