We all need to be well-insured during our leisure time, both for accidents and for potential damage to equipment. Your bicycle is covered under Family Protection, but if you own an expensive bike, we recommend insuring it with Bicycle Insurance.
In general, you will have good accident insurance if you have Family Protection that includes Leisure Accident Insurance. However, if you compete in cycling, you should review whether you need additional coverage with Accident Insurance.
The bicycle insurance covers damage to bicycles and their accessories.
What is covered? | What is not covered? |
|---|---|
| The insurance covers: | The insurance does not cover: |
Damage due to sudden, external events. | Damage from normal use of the bicycle. |
Theft. | Damage the manufacturer or seller are responsible for. |
The insurance policy does not cover damages caused by natural disasters.
The insurance policy is valid anywhere in the world.
You must report any damage as soon as possible and no later than one year from the date of the damage.
You must ensure that all the information in the insurance policy is accurate.
You must inform us of any changes in your address, telephone number, and email address.
You must follow all the precautions in the terms of the insurance policy.
The premium must be paid on the due date. When the insurance policy is issued or renewed an electronic claim is created in your online bank. You have the option to distribute the premium payments by:
Credit card payment, where the premium is charged monthly to a credit or debit card.
Direct payment, where your bank account is debited monthly.
Corporate distribution, where the premium can be paid in monthly payments.
The insurance policy takes effect when an offer is accepted and is renewed annually until it is canceled.
Individuals and companies with fewer than five full-time positions can cancel the insurance at any time and it will expire at the end of the following month after the cancellation is received. Other companies can cancel their insurance one month in advance before the end of the insurance period.
The cancellation must be in writing, for example with an electronic signature.