CYCLE Vs HOME INSURANCE

Over 90% of home specific insurance policies don't cover your bike when it's away from the home. That means if you take it to work, on holiday, out on a training ride, then you may not be covered.

Though theft is often the main consideration for riders when looking at insurance, over 70% of Bikmo claims are for accidental damage. Does your home insurance cover you for slamming your new rims into a pothole or tree? Bikmo policies do.

How much is your excess?

If you need to claim on your home insurance for your bike having been nicked then you'll need to pay an excess. Though it's a standard practice to charge an excess for claims, house insurance excesses can often reach and exceed €500 which you’d have to pay if your claim is approved.

Cycle specific insurers generally charge a lot less excess during a claim and, with Bikmo, they can even do an excess-free replacement for claims above €400.

What about your No Claims Bonus?

Claiming for your bike on your home policy is also going to affect your premium for the following year - separating the two policies means a claim on your bike policy won't affect your home insurance policy. Furthermore, Bikmo will not increase your bike insurance premium if you need to make a claim.

Is your kit covered?

We all like to look good, dress for the weather and track our performance… but have you ever added up the cost of your kit?

Often, your accessories and clothing can be as expensive as your bike and, if these aren’t covered on your home insurance policy, a simple slip or fall could leave you well out of pocket.

With Bikmo, you get a minimum of €500 cover as standard. €250 for clothing and helmets and €250 for accessories (think Garmin, lights, tool bags).