Bike routes for cyclists are increasingly developing in Quebec. Whether for practicing competitive sports or simply a family activity, cycling is becoming a more popular sport. Whether you own a high value bike or a used bike, it is important to protect it in order to fully enjoy your outings.
Insuring your Bike: How is it Done?
Usually, like all of your other possessions, your bicycles should be included in your home insurance. Depending on your contract and your insurer, this insurance should cover your bike against fire and damage caused by transport, anywhere in the world.
If your bike is of great value, it is important to look at the options that different insurers make available to you. However, it is always possible to add a clause to your current housing contract to cover the total value of your equipment.
Cycling Accident: What Happens?
Firstly, if a motorist is involved, the bodily injuries caused to you will be compensated by the Société d’assurance automobile du Québec (SAAQ). However, if you hit a parked vehicle, another cyclist or a pedestrian and you are found responsible, the civil liability clause of your home insurance could be very useful. Indeed, the person who has suffered damage may claim a certain amount from you, so it is all the more important to be adequately protected. If you often use your bike on the road, it may be worthwhile for you to take out accident insurance.
Although home insurance covers a lot of property, it generally does not cover all of the residents under your roof. So, civil liability for all residents is required at all times and especially in the case of an accident involving another person.
Stolen Bicycle: Am I Protected?
Your home insurance usually covers the theft of your bicycle(s) and related accessories. For example, if you have a child seat or luggage rack, they will be covered by your insurance. However, the deductible to be paid before receiving your compensation may be equal to or greater than the value of your bicycle. Therefore, it is important to consider both values in order to make a thoughtful and advantageous decision.
Would you like to enjoy your bike rides without any worries? Contact one of our brokers for more information, he or she will guide you towards options adapted to your needs!