Cycling UK launch new bicycle insurance offer
The good news from the pandemic was that many people bought new or dusted off old bikes and used them more, with Strava Metro noticing an increase in cycle journeys across much of the UK. However, the sad reality has been that this has also fuelled a rapid growth in bike theft, highlighted by Bike Register, which reported a 28% increase in thefts in June 2020 compared to 2019. Insurance has therefore become ever more important to cyclists.
Currently Cycling UK includes up to £10m third party liability cover within all their memberships. The charity however is keen to make sure their members have access to a wide range of other insurance products which will provide further protection for their cycling lives.
Georgina Cox, head of membership at Cycling UK, said:
"Cycling UK knows from surveying our members, insurance is extremely important to them. With a lot of cyclists insuring their bikes on home insurance we were concerned whether they all were getting the cover they need. Every policy is different and cycle protection is often only an afterthought from the provider with hidden pitfalls for the unwary. We therefore wanted to make sure our members are covered by a quality product that works for both them and their beloved bikes.”
The charity has started working with Yellow Jersey and Pedal Cover which have two different approaches. Yellow Jersey are the market leader for stand-alone bicycle insurance. Pedal Cover is the first and only home insurer in the UK built specifically for cyclists. Cycling UK members have the opportunity to secure exclusive discounts with both, which includes £50 off Yellow Jersey annual policies and an 10% discount on Pedal Cover home insurance (an average saving of £50 per customer).
We wanted to make sure our members are covered by a quality product that works for both them and their beloved bikes
Georgina Cox, Cycling UK head of membership.
Ryan Georgiades, managing director at Yellow Jersey, said:
"Our brand motto at Yellow Jersey is "Free Your Ride!" and that's exactly what we try to do by offering comprehensive bicycle insurance for all types of cyclists to allow them to keep riding. We're excited to be partnering with Cycling UK to provide their members access to our products at a significant discount and allow people the freedom to continue to enjoy their bike. We can't wait to start working with the Cycling UK team to get more people riding bikes."
Alyn Thomas, manager of Pedal Cover, added:
"Pedal Cover home and bicycle insurance is a unique product, and we're delighted to be partnering with Cycling UK. Most cyclists who own a home will add their bicycle to their home insurance, but it often comes with many restrictions. The Pedal Cover product is simple; we'll look after your home and ensure that you have industry-leading cover for your bicycles, whether you use it to commute, go shopping or race."
For more information on the new products please visit the insurance page of this website.
Notes to editors
Cycling UK, the UK’s cycling charity, imagines a world where the streets are free of congestion and the air is clean to breathe, where parents encourage their children to cycle to school and everyone shares the exhilaration of being in the saddle. For more than 140 years, we’ve been making our streets safer, opening up new traffic free routes and inspiring more people to cycle more often. www.cyclinguk.org
Yellow Jersey provide bicycle insurance and cycle travel insurance to cover UK residents worldwide. Three tiers of comprehensive bicycle insurance, underwritten by Allianz, allows cyclists the ability to choose flexible policies best suited to their needs. All customer service and claims are handled in house, and Yellow Jersey has over 1000 5 star reviews online.
Pedal Cover provide a combined home and bicycle insurance product with a choice of two tiers to suit the needs of customers. The policies are underwritten by NIG, part of the Direct Line Group and offer a high level of not only building and contents insurance, but also the same level of bicycle cover that you would expect from a stand-alone bicycle product. All customers service and claims are managed in house in the UK.
Press contact information
For more information, please contact the national Cycling UK press office. Due to the restrictions caused by the coronavirus outbreak, currently the main press office number (01483 238 315) is not being monitored. If you would like to speak to a member of the press office during working hours (0900 - 1700) please email firstname.lastname@example.org. Out of hours, call 07786 320 713