Top 5 Benefits of Purchasing Bicycle Insurance

A bicycle is an investment, especially for cycling enthusiasts. But even for those who don’t ride a bike for sport—but have adopted it as a means of transportation—imagining an accident is their worst nightmare. That’s why insurance that protects both the cyclist and the bicycle is the best way to stay protected.

5 Benefits of Bike Insurance in the Event of an Accident!

Riding on the road has its risks. Although there are dedicated bike lanes, accidents involving bicycles continue to occur, and it is impossible to predict when an accident will happen.

Cyclists are vulnerable and at risk of being directly involved in an accident with third parties, and it is important to keep in mind that these situations can result in both property damage and personal injury, which can lead to substantial and unexpected expenses that put a strain on the family budget.

That said, here are the top 3 Benefits of Hiring Insurance to protect your bike:

1. Be exempt from paying the deductible

One of the most notable features of EXS Seguros’ bicycle insurance is that there is no deductible per claim. This means cyclists can rest assured that any damage caused by an incident will be repaired without having to pay a deductible.

2. Ensure full protection

In addition, the cyclist is also protected, since the insurance includes personal accident coverage. In the event of injuries caused by an accident, you can choose the healthcare facility where you will receive the necessary medical treatment.

This coverage for cyclists also applies in cases of disability or death

3. Ensure the protection of third parties

Bike insurance also includes liability coverage that guarantees the payment of compensation to third parties, whether for personal injury or property damage.

4. Protect the equipment and the transport vehicle

In addition to all the coverage mentioned above, Bike Insurance also provides coverage in the event of an accident involving the vehicle transporting the equipment.

5. Have the option to choose a hospital

In the event of an accident, if you are covered by EXS Bike insurance, you will have the option to choose the hospital or healthcare network where you would like to receive care.

Learn why it's important to have a mediator!

Are you thinking you should get insurance to protect your bike, but aren't sure what coverage you should get?

This is a valid and very common question.

At EXS Seguros, we work with a variety of partners in the market. As a result, we’re able to provide the best options for your specific situation.

Did you know that you can, for example, add a minor to your insurance policy? That way, you can enjoy your leisure trips in a relaxed and fully protected manner!

There are a few questions you should ask when purchasing bicycle insurance:

• How do you use your bike?
• Where do you usually park your motorcycle?
• How do you usually protect your bike?
• Is it common to transport it to other locations?

Bike Insurance has an answer to any of these questions. Our consultants will help you through the enrollment process—and that’s not all!

If an accident occurs, you’ll have a professional at your disposal who’s always ready to help you. Accidents are always stressful and anxiety-inducing situations, so it’s important to have someone on the other end who can support you and help resolve the issue in the best possible way and as quickly as possible.

Accidents happen to anyone on the road, and cyclists are no exception. However, you can put an end to that feeling of insecurity and ensure your safety—as well as the safety of your equipment—with Bike insurance.

Bike insurance is the best protection for cyclists who love their sport and for those who commute to work in a more eco-friendly and affordable way!