Dos and Don’ts of Renewing Your Bike Insurance Online
If you’re planning to renew your bike insurance online, there are certain things you should do before beginning the process, and others you should avoid altogether. To help you avoid any possible hiccups during the renewal, we’ve put together a list of dos and don’ts. We hope this guide helps you with your next insurance renewal so that you can enjoy all the benefits of having bicycle insurance without any unnecessary problems along the way!
Do compare quotes
Many cyclists enjoy the time-saving convenience of renewing their bike insurance online, but it’s important to be mindful before committing. With the internet at your fingertips, you can compare quotes from a number of reputable insurers in just a few minutes. However, if you rush into things without doing any research on the provider, this could lead to paying higher premiums than necessary or getting exclusions that you may not have realized were included in your policy. Plus, there are certain steps that need to be taken in order to ensure your policy will cover you should something happen while riding (such as having reflective clothing or lights).
Do know what cover you need
If you own a bike, it’s important to know what type of cover you need. In the event that your bike is stolen or damaged, this will make all the difference in terms of your experience, costs and getting on with life. These are some quick pointers to help you decide what cover might be best for you:
– Theft cover: If your bike is stolen or permanently damaged (i.e. burnt), theft cover pays out up to the value of your bike after any excesses have been paid. For example, if your bike is worth £1,000 but has an excess of £200 then you would receive up to £800 should it get stolen or burnt beyond repair.
– Third party property damage cover:
This covers any accidents involving other people’s property that you may be liable for as a result of riding your bike – things like scratching someone else’s car whilst they were parked at the side of the road waiting at traffic lights and things like this would be covered by third party property damage cover.
Do check renewal dates
Don’t wait until the day before your renewal is due! Look at your policy renewal date to know when you need to renew your policy. Many insurance providers will send reminders when it’s time to renew, but they can be easy to miss. Worse still, some providers won’t allow you to renew online past the deadline so always check your due date before you start checking out those cycling bargains online!
Do buy a bike lock with a long enough cable (seven sentences) Don’t forget about locking up! Whether you ride by yourself or in groups, make sure that all bikes are securely locked and safe from theft.
Do send reminders
* Review your policy for the amount of time left before it expires, the insurance company to contact, your email and postal address.
* Call the insurance company to give them a heads up that you will be renewing online. Be sure to ask them how they prefer you pay for the renewal. Pay by credit card? Check? Funds transfer? * Log in to your insurer’s website with your user name and password. You may need to log in again if it has been more than thirty days since you last logged in.
* Find the appropriate link on the site: bike insurance quotes, bike insurance quote, or motorcycle insurance quotes. Choose ‘renew’.
* Click through each page carefully reading any instructions on what is required at each step along the way.
Do get other quotes
Once you find the right company, get a quote. Many companies have specials for riders that renew their policies annually or quarterly. You may be able to get a discount just by asking. Once you have your quote, compare it to rates on other sites. Shop around to see who offers the best coverage at the best price.
Do comparison shop with any quotes that you receive, not just those offered by your current provider or agent—even if they seem like they’re offering a better deal. Other companies might offer different types of policies—such as uninsured motorist coverage or liability limits—that aren’t offered by your current provider. Shopping around can help you pick which coverage is best for you and your bike, no matter where you live or how old your bike is.
Don’t forget about contents cover
While the cover options available vary depending on the bike insurance provider, most policies include cover for theft. Having this means that should your bike be stolen, you are covered. However, as a general rule, many providers won’t offer contents cover to bikes so make sure you take steps to safeguard your belongings when not in use. The first step is to invest in an adequate lock system – something with a hardened metal shackle would be perfect. These will deter the majority of opportunistic thieves, while preventing some damage to your property. Another point worth noting is where you store your bike when not in use; ideally it’s indoors and out of sight but if not try investing in some CCTV or at least make sure there’s a working alarm system which is switched on at all times.
Don’t just buy direct from your provider
Bike insurance is one of those items that people forget about until they need it most. However, it is never too late to add an extra layer of protection by renewing your bike insurance. You may think that you are saving a little money by just purchasing direct from your provider. This might be true if you are working with an agent who doesn’t charge a fee or any additional expenses for doing business directly with them. If not, then you could be spending more in the long run than someone who buys through a broker like CompareMyRide. Even the best-case scenario–no matter where you buy your bike insurance from–will have time limits on when it needs to be renewed before coverage expires.
Don’t forget you need two policies
Don’t forget that you need two types of insurance policies to ensure you’re covered. You’ll need a comprehensive bike insurance policy from your insurer as well as personal liability insurance that protects the bike owner if an accident is caused by any party. These policies are not typically included in one policy with your auto or home, so don’t be surprised when you come across them when searching for a company. Comprehensive bike insurance covers accidental damage to your bicycle including glass breakage, vandalism, tire punctures, chains breaking while riding uphill or hitting something while crashing. Personal liability coverage is needed to protect you if someone gets injured after getting hit by the bicycle or falls off their bicycle because they didn’t have time to put on their helmet.
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