Is my child’s bicycle covered while they are away?

Bicycle Coverage Inclusions

Certainly, your child’s bicycle is covered, but there’s a condition. To ensure robust protection, consider adding Bicycle cover to your policy. Specify the replacement value for the bicycle to extend coverage, safeguarding it against various potential risks.

Security Requirement

Additionally, it’s crucial to note that for coverage to be effective, lock the bicycle to an immovable object when not in use. This security measure ensures that the insurance extends to instances when the bicycle is inactive, mitigating the risk of theft or damage.

Customised Protection

By actively adding Bicycle cover to your policy, you personalise your insurance protection, tailoring it to the specific needs and value of your child’s bicycle. This strategic approach allows you to enhance coverage for valuable items and address potential risks associated with outdoor belongings.

Understanding Replacement Value

By specifying the replacement value of the bicycle is vital for accurate coverage. This ensures that in the event of loss or damage, the insurance payout reflects the current market value of a similar bicycle, facilitating a seamless like-for-like replacement.

Summary

By actively exploring the specifics of bicycle coverage while your child is away, you can make informed decisions about customising your policy, ensuring that their bicycle is adequately protected against potential risks.