What:
Muc-Off has partnered with insurance intermediary NextGen, to launch bike insurance, offering a number of features and benefits.
Why:
The launch comes at a time when the number of bikes purchased, and in turn, the number of bikes being stolen has soared following the recent global pandemic. In a recent study undertaken by Direct Line Insurance, it was found that between March and November 2020, over 32,700 bikes were stolen in the UK.
How:
- Benefits such as insurance premiums that never increase on renewal for the same risk, as well as up to £100 free upgrade cover, meaning riders can upgrade their bikes to more expensive models, and their policy may not increase in price.
- Typical offerings such as theft cover, home and away, plus a multi-bike discount of up to 25%.
- Offers for those who pay annually to save up to two months of insurance premium, there’s a no-claims discount, and European and worldwide cover are all included in premiums as standard.
- Beyond insuring their bike, riders also get £15,000 of personal accident cover in the event that they seriously injure themselves whilst out riding, plus every policy comes with third-party liability cover up to £1m.
- Cyclists are also covered in the event of accidental damage to their bike or accessories, and if repairs are needed, riders can choose to get an estimate from a repair shop of their choice, subject to them being authorized.
- Riders will even receive a temporary hire bike for up to 10 days so they can get back on two wheels as quickly as possible.