How to choose your bike insurance?
With one bike theft per minute, bike insurance can come in handy. Even if it is not compulsory, insurance companies now offer interesting offers with specific contracts for new or used bikes. What are the prices and conditions of bicycle insurance? How to choose the right bicycle insurance?
What criteria should be taken into account when choosing your bicycle insurance?
You have decided to take a bike for your daily trips. Faced with the risk of theft, you have also considered insuring your bike. However, you are wondering which insurance is the most interesting among all the offers on offer. Here are some tips for choosing the right bike insurance.
Check the terms of your home insurance policy
First of all, check that your home insurance policy covers a bike theft that takes place at your home. If this is the case, consult the conditions under which you can receive compensation. In general, the bicycle is insured when the offense has been committed in secure premises (lockable closures, alarm, etc.) and its outbuildings (garages, cellar, premises). If the theft was committed outside the place of residence, compensation is only possible if you have taken out specific insurance.
Compare the insurance premium
First criterion of choice: the price. The insurance premium is usually around 30 to 60 euros, depending on the purchase value of the bike. The amount also takes into account the age of your mount or your place of residence. However, the price is not the only factor in choosing your bicycle insurance. By taking out inexpensive insurance, you risk having unpleasant surprises when you receive your compensation.
Find out about warranties and their limitations
Make sure you know the extent of the guarantees and the conditions of exclusion to be able to be compensated as it should be. Don't overlook any detail. In the event that information is not mentioned or not explicit enough, do not hesitate to ask for additional details.
Consider the amount of compensation
In general, insurers offer the same guarantees for the same type of offence. So remember to compare the amount of compensation offered. Note that the insurance can only compensate 2 claims per year. This compensation is capped at between €1,500 and €4,000 depending on the contract. So keep in mind the remaining costs at your expense, the deductible.
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Bike insurance
ATM Insurance “Stolen bicycle”
As insurance for your bike, the ATM Assurances company offers you its “Volé Vélo Assurances” formula. This offers suitable guarantees for mountain bikes, hybrid bikes, recumbent bikes, road bikes, including those with electric assistance. But please note that it only covers new bikes, purchased less than 45 days before ATM Vélo Volé received the membership form. To subscribe, you will need to provide the original invoice for your bike. It is also necessary to present the original receipt for your lock. The company will only cover the damage if, at the time of the theft, your bike was attached to a fixed point by a U-type or folding lock, of the ABUS brand or even SRA approved.
In addition, be aware that "Stolen Bike" covers partial breakages, total breakages, burglary on public roads or theft by assault. For the latter, the "stolen bike" formula offers a 7 day / 7 and 24 hour guarantee for bikes marked with the Bicycode. On the other hand, if the cycle is not marked, you will only benefit from the guarantee during the day from 7 a.m. to 9 p.m.
Cycl’Assur and Cycl’Awatt
In partnership with Allya Assurances, the collective of cyclists “Cycl’Assur” also offers insurance for your bike. Since the aim of the association is to promote the safety and maintenance of bicycles among its members, it offers insurance adapted to the practice of each user. It can cover all types of breakage and theft. However, to take advantage of it, certain conditions imposed by the collective.
First, you have to be a member of the collective. The bike must also be less than 2 years old and used bikes on a case-by-case basis. In the case of a burglary, the bike must be secured with a certified lock. And in the case of a theft on the public highway having taken place between 10 p.m. and 5 a.m., it should be noted that no guarantee will be offered. In addition, for electric-assisted bicycles, Cycl’assure offers Cycl’Awatt insurance. This can in particular take care of your repatriation and that of your mount in the event of a breakdown.
Motorcycle insurance
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