Now that social distancing, remote work, and austerity are the norms, a lot of people have turned to bicycles as their primary mode of transportation. It is better to use a bike than get into crammed public transport options if you are avoiding infection. These are cheap to purchase, maintain, and operate as well. Instead of using fuel, you just use your feet to pedal and go wherever you need to be. Unlike car insurance, bike insurance isn’t usually mandatory but you may want to get one to protect yourself and your bicycle in various situations. Check the following before getting this type of insurance:
Coverage Offers
Make sure that you are getting the right policy. Some insurance companies only offer protection for motorcycles and not bicycles so clarify with their terminologies. Others might only cover e-bikes including those with pedal assist, throttle assist, and so on. If you have a regular bike, then you should find a service provider that specializes in this kind of two-wheeled vehicle. There are people who have unique needs because of their unique bikes. For example, athletes may need to travel with their superbikes for cycling or triathlon races. These units are extremely expensive so the risk of theft or damage has to be taken seriously.
Policy Inclusions
Ask about what’s included in the policy as these tend to differ from one company to the next. You probably want to include protection from physical damage such as crashes, transport issues, and road collisions. You should also consider adding coverage for injuries sustained due to collisions with another driver. If it’s the fault of the other party, then you may be eligible for compensation for bodily injuries and bike damage. If the other party has no insurance, then you can rely on your own policy to cover your finances for these, as well as suffering and lost wages.
Comparative Rates
Always shop around for the best rates, coverage, and service. There’s a lot of companies providing this insurance so there is no reason to settle for less. If you want the cheapest rates, then compare the premiums from different providers. You will get a feel for the industry average so you can spot the best value for money. Just make sure that you can actually depend on your insurance company when you need them the most. Many make it hard for their customers to get the payouts.
Bike insurance is becoming important now that more people are cycling as their primary mode of transportation.
