I would think if it's an assault and theft (and reported to the Police) they may pay out.I've been reading of people being mugged for their bikes recently.
I've been looking at policies for insuring my bike, there's lots if talk of them not paying if the bike isn't locked to an immovable object, so do insurance companies refuse to pay if you're mugged for your bike?
I've been reading of people being mugged for their bikes recently.
I've been looking at policies for insuring my bike, there's lots if talk of them not paying if the bike isn't locked to an immovable object, so do insurance companies refuse to pay if you're mugged for your bike?
It's going to depend on your particular insurer. Does your policy (in the applicable part covering your bikes )not say something like (in the what's covered bit) "unless it's in your possession"? If it does then you're covered.
I haven't got a policy at the minute, I was looking at CycleGuard's policy earlier.
They say they won't cover losses if the bike isn't locked to an immovable object with an approved lock, but obviously a bike is not going to be locked if you're riding it or waiting to get a train with it.
3.2 Security requirements where the Bicycle is away from the Insured Location Accidental Damage or Theft of the Bicycle whilst away from the Insured Location shall only be covered in circumstances where: a) the Bicycle is not left Unattended; or b) the Bicycle is left Unattended, but secured to an Immovable Object by an Approved Lock through the frame and c) any access to the Bicycle is effected by Forcible and/or Violent Entry. d) the Bicycle is not left in situ awaiting use during an organised competitive triathlon or duathlon event for more than 24 hours when the required additional Active Premium has been paid and the cover is shown on Your Insuranc
1.32 Unattended - means whilst the Bicycle is not being used or held by You or an adult who is entrusted with its safe keeping
1.31 Theft - means the unauthorised dishonest appropriation or attempted appropriation of the Bicycle specified on Your Insurance Schedule, by another person with the intention of permanently depriving You of itI haven't got a policy at the minute, I was looking at CycleGuard's policy earlier.
They say they won't cover losses if the bike isn't locked to an immovable object with an approved lock, but obviously a bike is not going to be locked if you're riding it or waiting to get a train with it.
1.31
But seems they can work round it if you entrust it to someone else, the guard on the train for instance.
Find a clause they can't use.1.32 "probably" covers that.
Like I say, the policy wording is very badly written - bad old days of insurance policy wording.
1.31 Theft - means the unauthorised dishonest appropriation or attempted appropriation of the Bicycle specified on Your Insurance Schedule, by another person with the intention of permanently depriving You of it
But seems they can work round it if you entrust it to someone else, the guard on the train for instance.
That would be where the "entrusting your bike to someone else" could come into it.+1 train operating companies generally have rules against locking a bicycle to any part of the train, also some train bicycle storage areas are in a part of the train not generally accessible by anyone but the guard/train manager.
I didn't know that! I always try to lock my bike when I'm on the train, otherwise I stress that someone is making off with it every time the train stops!+1 train operating companies generally have rules against locking a bicycle to any part of the train, also some train bicycle storage areas are in a part of the train not generally accessible by anyone but the guard/train manager.