What is bicycle accident insurance?
Bicycle accident insurance covers a range of insurance offers. Some bicycle accident insurance policies cover your bike from damage, theft, or mechanical failure. Others may include 3rd party damage cover and some policies cover personal accident and medical costs.
Should you consider bicycle accident insurance?
Did you realise that over 300,000 bikes are stolen each year? The cost of a customised bike can run into thousands, but even a modest bike used to commute to work can be sorely missed if it’s taken. Insurance can cover the cost of replacing your bike.
Cycling can be a hazardous activity too. There are an estimated 90,000 cycling accidents on the road each year and an even greater number of off-road accidents. So with cycling being an activity that puts you at a high risk of injury and financial risk, how many regular cyclists hold insurance? 2%. Worrying, isn’t it?
If you have an accident, what happens if you don’t have insurance?
If you cause the accident, you are open to significant financial risk, with a need to repair or replace your bike for a start. However, if you are the innocent victim of an accident, you can claim from the other party’s insurance. So if you are injured by a careless driver, that driver’s insurance will cover the cost of compensation for your injuries and the loss of your bike.
So what should you do if you are an accident victim?
First, get the medical help you need. Ask for help from those on the scene. They can call an ambulance for you and make sure that if you can’t move out of the way of danger because of your injuries, traffic is directed away from you.
If you can, take the names and addresses of all witnesses – this can be crucial to the success of your compensation claim. If they are happy to give you further details such as their mobile number and place of work, take them, as it will make your solicitor’s job easier when it comes to researching your case. Also, take as many pictures as you can of the accident scene, including one of the person who caused your accident if you have the opportunity.
Don’t admit any liability and don’t ride your bike away from the scene – it won’t help your injuries or your case.
When you’re ready, give Accident Advice Helpline a call and we can match you to one of our in-house solicitors who is best placed to deal with your specific type of accident. Remember that even if you have bicycle accident insurance, you are not obliged to use the solicitor your insurance offers you. We can provide free initial advice and expert legal support on a no-win, no-fee basis. Call us now to talk about your situation on 0800 689 0500 (landline) or 0333 500 0933 from a mobile phone.
Date Published: 21st January 2013
Author: Followers Coupon