Increase in bike theft makes insurance essential by Finance News Bulletin

Published: 19/01/07

The figure of bikes being stolen has risen by almost ten per cent in the last five natural life making insurance even more vital to protect against lossAccording to Home place of work figures, nearly not whole a million bikes are stolen annually in the UK, which marks a 95 per cent add to compared to 2001With one in every 50 cyclists having their cycle stolen, Halifax General Insurance urges people to spend in a good insurance rule

Cyclists without insurance will be even more concerned to study that 52 per cent of all bike thefts happed directly exterior the house, from a garage or shedHowever, with over a third of thefts happening away from the home, it is worth ensuring a bike insurance rule covers loss away from the owner's propertybicycle insurance can bring some peace of brain to cyclists, but Halifax General Insurance also counsel that bike owners take further safety precautions to protect their cycleThe insurance company recommends fitting a U-type security device to the bike if it is being left on its own for a while

defensive measures will help cyclists avoid having

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