What Does Bicycle Insurance Cover and What are the Benefits? There is a substantial personal risk when one is involved in triathlon which is a multiple stage competition involving swimming, cycling, and running. Mishaps can happen, whether slight or severe, even by just riding a bike. We always want our tailor-made bikes protected from theft or accidental damage, but there are unexpected occurrences when this can happen without us being hurt. Hence, there are bike insurance specialists which help cover this valued possession that not every insurance company provides. A specialist to mean that they carry a flexible product which allows you to select from a range of coverage including a cover while traveling, when you are competing or when you are cycling for leisure. Flexibility means that it allows you to make your own brand or your own product to meet your specific needs as a cyclist whatever your goals or intention for cycling is.
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An accidental damage to bikes similar to an “on damage car insurance”, where it allows you to charge parts, repair or even replacement of a new unit in some instances, is also made possible with bike insurance.
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Repairs and replacements are handled through their network of independent bike stores that sell quality products if not similar to the product that you are using. Even accessories cover, extra spare parts and race fee covers can be included in your insurance coverage as additional elements when you want to include them. When your bike is being repaired or worked on your can use a service bike under the spare bike cover. In this cover you are allowed to use any bike especially if you need to practice or you just want to have fun. You can also enjoy exclusively negotiation prices for labor and parts since suppliers view insurers as their valued clients due to the sizable membership or policy holders. This includes a multi-bike discount of up to fifteen percent. One other benefit with a good bicycle insurance company is that, most insurers will depreciate the value of your bicycle as it gets older, this means that after three years, the value of your bike will decrease of up to twenty percent. A good insurance company can reimbursed you a full amount from the time that it was first valued when you want to trade it for a new one. Personal accident insurance covers you with an outright pay out if you are killed in the accidents or are seriously injured while cycling on any bike. You can get coverage for injuries for the accident and for your lost earnings through a weekly plan covering your lost earnings while you are still in the recuperating stage.
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