Household contents insurance may cover bikes depending on the coverage level chosen. Basic cover excludes bike theft protection. Extended cover provides theft coverage worldwide up to 1% of the insured sum. Premium bike cover increases coverage up to €3,000 with similar theft protection. Claims require original purchase receipts; without receipts, compensation is limited to €150.
How is my bike covered under household contents insurance?
You can insure a bike of any age and frame type under household contents insurance. Coverage depends on the plan type selected: basic, extended, or premium bike cover.
What bike coverage does basic household contents insurance provide?
Basic household contents insurance does not include bike theft coverage.
What does extended cover offer for bike insurance?
Extended cover includes the following for your bike:
Coverage up to 1% of your total insured sum (for example, €500 coverage if your insured sum is €50,000).
Theft protection anywhere in the world.
Theft of permanently attached accessories is covered (such as the saddle, wheels, pedals, and similar components).
What additional benefits does the premium bike cover add-on provide?
The premium bike cover add-on includes:
Coverage of your bike up to €3,000.
Theft protection anywhere in the world.
Replacement for items loosely connected to the bike or bike trailer only if stolen simultaneously with the bike.
Items that are loosely attached to the bike or bike trailer (for example, helmets, detachable lights, or locks) are only covered if they are stolen at the same time as the bike for both extended and premium tariffs.
What do I need to provide in case of a bike theft claim?
You must provide the original purchase receipt for the bike to receive full reimbursement. Without the receipt, the maximum compensation is limited to €150.
Can I insure a bike valued higher than the standard insured sum?
Yes, if your bike is worth more than the amount covered under extended cover, you should select the premium bike cover add-on to increase the insured sum by up to €3,000.