We’ve got you covered with our own Assetsure bicycle insurance policy that offers comprehensive insurance designed to be flexible to suit your personal needs. Using Assetsure you can be assured that your policy will be backed up by our quality service. Cover is underwritten at Lloyd’s of London. Whether it’s for pleasure, commuting or competition, choosing a policy from Assetsure will keep both you and your bicycle covered. Own an electric bike? Read more about our ebike insurance here.
We are a specialist bicycle insurance company that aims to deliver you the insurance cover you need for your bicycle, regardless of the price of your bike. Our bicycle insurance policies are arranged at Lloyd's of London policy, so we are able to offer a wide range of options to provide you with comprehensive cover for your bicycle, no matter the circumstances.
When you become a customer of Assetsure, we are hoping for a long term relationship with you. We always provide value for money bicycle insurance cover and in the event of a single claim up to £2500, we won’t load your next year’s premium either.
We handle all bicycle claims in-house, which normally means we can get you back cycling as quickly as possible. All of the policies cover with a minimum of £500 cycle hire insurance cover. We have an extensive network of bike dealers that support our product and we are confident, in the event of a claim, we are confident you will be delighted with our service.
Most insurances come with a 14 day cooling off period, this is the period whereby you can change your mind and obtain a full refund. Our cooling off period is 30 days, we are that confident that you be pleased with the cover we offer that we are happy to provide this extended period. If you are unsatisfied or simply change your mind (and providing you have not made a claim), simply contact us for a full refund.
Unfortunately, we are unable to insure bicycles used for business purposes. This would include for example, Bicycles used for food delivery.
Yes, our policy can cover up to 10 cycles on one policy, you can also add additional family members if required.Please note we cannot cover additional riders that are under the age of 14.
Your cover will start as soon as you pay your premium online, either in one lump sum or by instalments. However please note, cover cannot be backdated and you cannot claim for damage that has already occurred to your cycle.
We do not make deductions based on the age of any cycle.
You should insure your bicycle for the full recommended retailer’s price of a new replacement cycle, this will help ensure your sum insured is adequate.
Possibly, you should check with your home insurance provider as well as the scope of the cover they are offering. You can then compare the cover on offer with that you can obtain from Assetsure.
We can insure all types of Pedal Cycle that are used for pleasure use including, commuting, touring and sportives. We can also supply a competitive use extension if required.
We cannot however cover cycles that are used for business purposes, such as those use to carry goods for delivery or couriers or used as taxis. We also cannot cover professional cyclists.
The cost of your policy is dependent on a number of factors such as; the value of your bike, your age and where you live. Obtaining a bike insurance quotation from us is easy, we can usually indicate a premium online with these three simple pieces of information.
Yes you can, and this option is available if you buy your policy online. Please be aware though that in the event of a claim, the full annual premium becomes payable.
We want you to be entirely satisfied with your Assetsure Cycle Insurance policy. We thus provide you with an extended cooling-off period. Most policies will allow a 14 day cooling-off period, we allow 30 days. If you change your mind within this period and you have not made a claim you can apply to us for a full refund of your premium.
No, although we think it is a good idea if you do so.
You should be aware that if you need to make a claim, we will require you to provide us with documentation or other evidence which clearly demonstrates ownership of the property and helps substantiate your claim, for example: original purchase receipts, bank or credit card statements, instruction booklets, photographs, the remains of the Approved Lock and/or the keys.
We will only ask for information relevant to your claim and we will pay for any reasonable expenses you incur in providing us with this information.
It is very important to make sure your sum insured is accurate to ensure that we are able to replace your cycle. When new models are released, they often increase in price and thus you should check your sum insured annually to make sure they are adequate.
If you are in any doubt as to the new replacement cost, please consult your cycle dealer.
You should insure your cycle/components for their replacement cost as new, ignoring any discount you may have received as a "special offer" from the retailer or place of purchase.
Please read the following on how we will settle cycle claims.
We will repair, replace or pay for any lost or damaged Cycle, Accessories, and Helmets & Clothing on the following basis:
1. for any standard Cycle, Accessories, Helmets & Clothing the cost of repair or replacement as new;
2. for any discontinued Cycle, Accessories, Helmets & Clothing, the cost of repair or replacement with item(s) of a similar type or equivalent specification;
3. for any hybrid or composite Cycle, Accessories, Helmets & Clothing, where the parts have been individually purchased, we will pay the replacement cost of the individual components;
4. where We can repair or replace an item but You request and We agree to a cash settlement, We will only pay what it would cost Us to repair or replace the item through Our preferred suppliers; but in no event will We pay more than the Sums Insured shown in the Schedule or as limited below
Under Insurance
Please note If, at the time of theft or damage, the amount Insured is less than 85% of the value of the Cycle, Accessories, Helmets & Clothing shown in the Schedule amount We pay will be reduced in the same proportion as the under insurance.