Pedal Cover Insurance - Features And Benefits

1. Pedal Cover Insurance - Features And Benefits Riding on a bicycle to work is both healthy and inexpensive. One could avoid traffic and pollution to take twist and turn to pedal across the road. Not only it saves time to reach the distance of between 5-15 km, but is also an environmental friendly alternative to cars and motor bikes. Many however avoid cycling to work for the amount of risk associated with it. Many are nervous about cycling due to the amount of traffic, and bad driving from others, as it can be intimidating and scary for some. Some of them are under the belief that the damages to the bike or the accidental injury may cost them more than the amount of value they derive from it. Pedal cover, offers Cheap Bike Insurance that covers personal injuries and loss or damage caused to the bike for an affordable premium. Following are the salient features the pedal cover insurance have to offer to its takers: Gives the insured an ability to amend and renew the policy at the time of expiry. Also provides flexibility to switch the policy mid-term before renewal Allows cancellation of policy (if it doesn’t match an individual’s insurance needs) prior to expiry of the 14-day cancellation period Accepts receipts, photographs and valuation as a proof of ownership for claims processing Pedal cover combines home and cycle insurance policies under a single policy Pedal cover protects cycle, accessories and family’s possessions up to the sum insured under the policy when the insured is abroad. However, the house must be unoccupied for the maximum of 30 days during the year Claims are settled by providing new for the old(damaged and lost items) Public liability or third party liability that protects insured against third party claims for injury or damage to property is covered up to £2,000,000 The policy covers the insured for amateur use during triathlon competitions (all distances), cycle time trials and sportives Pedal cover policy also covers all the family’s bikes under a single home. The insured does not need to specify each cycle individually All types of bikes including road bikes, time trial/triathlon/lo pro bikes, mountain bikes, hybrids bikes, fixed wheel bikes and commuter bikes are covered Under the Pedal Cover policy, insured and all his family’s cycles are covered along with home insurance policy anywhere in the world An insurance protects an insured from any financial loss. It is a form of risk management primarily used to hedge against the risk of an uncertain loss. Auto insurance and pedal cover evens up for the financial loss suffered due to damage or accidental injury.