More than a quarter of cyclists have had at least one bicycle stolen in the last two years, highlighting the importance of taking out cycle insurance to protect against bike theft.
According to a survey conducted by M&S Money, cycling has become more popular, particularly with the success of the cycle to work scheme. However there has also been a rise in cycle theft. Around 76 per cent of UK adults have at least one bike in their household, but 27 per cent of cyclists have experienced the theft of their bike.
With the average value of a bike being 240, they are attractive targets for thieves, especially as they are easy to sell and a stolen bike is difficult to trace. Taking out good cycle insurance is recommended and some specialist insurance policies are available, however sufficient cover may be provided by your home insurance policy .
M&S home insurance offers unlimited cover for bicycles, at home or outside. A bicycle does not have to be specified on the policy unless the value is 4000 or more.
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