Is Assetsure The Best Cycle Insurance?

This is the ultimate review to guide you through the ins and outs of assetsure cycle insurance. If you are riding a bike, this review might interest you!

Let’s dive right in!

What is Assetsure cycle insurance?

Assetsure are a well-established insurer of Pedal Cycles with their policy underwritten at Lloyd’s of London. A wide variety of bikes can be insured including Electric.

 Cover includes “New for Old” regardless of cycle age and “Theft” both at and away from the home. You can insure different types of bikes:

• Road
• Mountain
• Electric
• Hybrid
• Folding
• BMX

Assetsure cycle insurance in a nutshell

You will find assetsure main features :

Policy	Details
Maximum bike sum insured	£12,500
Excess	£100 default can choose between £0 and £500
Multibike up to	5
Expert rating	Excellent from Truspilot
Claims paid out	90%
Discounts available	Yes, No Claims Bonus

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What does Assetsure cycle insurance cover?

Assetsure proposes all this features, it can be included or you can add it to your cycle insurance policy:

Policy types	Covered
Cover for accessories	£100 is included Free of Charge- You can choose to increase up to £500.
Loss	Yes
Theft	Yes
New for old	Yes
Public liability	Yes
Personal accident	Optional
Worldwide cover	No
Cover for race or competition	Optional
Loss of earnings	No
Replacement cycle hire	Yes

Assetsure covers as standard:
New for old (all bike ages)

Accidental Damage
Theft
Hijacking
Cover at Home and Away
Legal Expenses

What is not covered by Assetsure?

Assetsure wont cover your bike if damages are caused by:
Wear and tear
Climatic conditions
Vermin, insects
Poor maintenance, failure to to follow manufacturers’s instructions

You won’t be covered either:
in case of unexplained loss of disapprearence of your cycle
if your cycle is used for trade or business purposes
if your cycle being used for any competition involving a massed start or a triathlon or duathlon unless the competitive events extension has been purchased
in case of theft or damage to accessories,tyres and cycles boxes unless the cycle itself is lost or damaged at the same time
if the security requirements have not been met

How much is Assetsure insurance?

The biggest factor affecting the cost of cycle insurance is the value of your bike. For a bike that worths £500, without options, you will pay an average of £7.95 per month, which is reasonable compared to your bike purchased price.

How to contact Assetsure insurance?

Here are the important phone numbers to join directly assetsure:

Service	Phone Numbers	Opening Hours
Claim service	0208 0033 191	Claims dept open 9.00am-5.00pm Monday to Friday
General queries	0208 0033 190	Monday-Friday 8:30am – 7:00pm Saturday 10:00am – 2:00pm

How to claim at Assetsure cycle insurance?

You will find on this table the different possibilities for reporting a claim on your assetsure insurance:

How to claim?	Details
When to claim?	Claims should be made as soon as possible.
Claim by mail	Assetsure Claims Dept. Third Floor Peek House 20 Eastcheap London EC3M 1EB
Claim by email	[email protected]
Claim online	No
Claim by phone	0208 0033 191

How to cancel assetsure insurance?

You will find on this table the different ways to cancel your assetsure insurance:

How to cancel	Details
Cancellation fees	No cancellation fees, pro-rata return
Cancel by phone	0208 0033 190
Cancel by mail	Assetsure Third Floor Peek House 20 Eastcheap London EC3M 1EB