Having insurance is a way to minimize the inconvenience and financial losses that can be generated in situations of theft and other unforeseen events that damage your bike. Want to know more about it? Continue reading and clarify your doubts!
How does bike insurance work?
Unfortunately, the assault on this item has increased in recent years and no one is free from a situation like this, so insurance represents greater peace of mind so you can ride anywhere!
It guarantees compensation for replacement or repair in case of theft, theft and occurrences that damage your bike, whether during practice on streets, trails and roads, or when transporting it, as well as compensation to third parties in accidents caused by you and that result in physical or property damage.
Those who participate in competitions across the country also benefit from protection for equipment in training and competitions.
Bicycle insurance can be purchased for new or used items, however, most insurance companies only accept goods with a minimum value of R$3,000. If the original value of your bike is lower, but a part has been exchanged to improve it, you must contact the company to verify the feasibility of the contract.
What are the insurance coverages?
Bike insurance offers some coverage:
- robbery and qualified theft : the client is compensated in situations of subtraction of goods under threat and theft by breaking into or crossing an obstacle, such as the breaking of chains and padlocks;
- damage to the bike : caused by unforeseen events such as fire, lightning and explosions and accidents during use or transport (provided the bike is in a suitable support );
- civil liability coverage : this coverage concerns physical or material damage caused to third parties, such as an accident involving pedestrians, damage to a car while riding, among other situations.
In the event of damage, the insured will receive compensation upon payment of the deductible as established in the contract, which is normally 10% of the value of the equipment.
How to choose a good bike insurance?
It was clear the importance of having insurance, right? However, in order to have protection and avoid headaches, it is necessary that the plan is suitable for your needs, so analyze the coverage and exclusions carefully before finalizing the contract.
In addition, be sure to make a quote to assess which insurer has the best cost-benefit within the desired coverage. Another relevant point is to choose a company with a good reputation and credibility in the market and that has an efficient service.
Having bicycle insurance represents peace of mind in your daily life so that you can go out with it whenever you want, as well as guaranteeing protection in transport or even if it is stored at your home.