Cycling should be all about the thrill of free-wheeling and having fun while staying fit, and whether you’re an experienced or novice cyclist, it’s important you protect your cycle so your pedalling can be care-free!
So, before you “saddle-up”, don’t saddle yourself with the hassle of finding that perfect insurance policy – talk to us as InsuranceMarket.ae and we’ll find you a “wheelie” good deal!
WHAT’S USUALLY COVERED UNDER YOUR CYCLE INSURANCE
Your Pedal Cycle insurance policy will typically cover you for the following events and limits. Coverage may vary slightly according to the Insurer or product selected, so always check with us if you are in any doubt as to the benefits provided by the policy.
Fire, Burglary or Accidental Damage to the Pedal Cycle
Injury or Property Damage to third parties for up to 50,000
Personal Accident Death or Disability up to AED 100,000
Cover extended to Amateur Competitive Events
Accessories like Cycle Computers, Power Meters, Pedals
Damage during transit in land within the UAE when mounted on a bike rack
WHAT’S NOT COVERED UNDER YOUR PEDAL CYCLE INSURANCE
An insurance policy is designed to cover “relevant risks” and pedal cycle insurances are no exception. Whilst pedal cycle insurance policies seek to protect you as much as possible, some scenarios may lead the insurance company to deny paying your claim. Typical examples include:
Any loss incurred while failing to comply with RTA regulations regarding use of bicycles
Theft of parts or accessories unless entire bicycle is stolen
Mysterious disappearance or theft of unlocked and unattended bikes
Wear and Tear
Injury while riding under the influence of alcohol or drugs or other intoxicating substances
A BIT OF BACKGROUND ON HOW CLAIMS ARE MANAGED
In the unfortunate event that you need to make a claim, your Insurer will need:
Photos of the incident and damaged parts
2 repair estimates
Note that if the claim was on tracks involving injury to third parties and/or on a road, they will also require:
Your Insurer will settle claims on a reimbursement basis after applying the relevant deductible and depreciation, as summarised below:
Market Value or Sum Insured whichever is lower
Depreciation applicable on parts at 10% per annum and Max 50%
Deductible of 5% of claim amount subject to Minimum AED 250
Deductible of 5% of claim amount subject to Minimum AED 500 for claims occurring/as a result of participation in/during competitive events
Deductible of 10% of claim amount subject to Minimum AED 250 for theft/housebreaking claims
In case you were wondering…...your deductible is the amount you need to contribute towards the cost of any claim and is included within the policy’s contract terms and conditions. Depreciation is the amount that is deducted to take into account the age and subsequent wear and tear/condition of the item. After all, any item that is used is worth less than it’s brand new counterpart.
WHY CHOOSE INSURANCE WITH INSURANCEMARKET.AE
At InsuranceMarket.ae we firmly believe we provide an unmatched customer experience and trust our members recognize that as well! Here are just 5 reasons why:
15,000 Google reviews and 4.9 rating: customer satisfaction is our number one priority and we’ve got the feedback to prove we deliver!
Dedicated personal shopper to help answer your questions and help you with your purchase.
Responsive, reliable and dedicated claims manager to offer advice, reassurance and assistance when you need it most.
Competitive prices and comprehensive products providing the cover you need at a price you can afford from the insurers you can trust.
Great value-added services such as discount vouchers that are sent with your policy: you just keep on saving with Alfred!
25 Years of UAE insurance experience
Dedicated personal shopper to answer all your questions
Simple and fast claims process
Highest rated insurance provider in the UAE
Insure Now Pay Later
WE WORK WITH THE LEADING CYCLE INSURANCE PROVIDER IN THE UAE
At InsuranceMarket.ae we’re proud to have enjoyed over 25 years’ experience of helping customers with their Cycle Insurance needs and over these years have built great partnerships with the leading and most respected Cycle Insurers in the Dubai/UAE market: . Our relationships and reputation mean we can secure great deals, discounts and covers that are the best in the market and pass all these benefits on to you!
FIND THE BEST DEALS ON YOUR CYCLE INSURANCE WITH ALFRED
Finding the right Cycle Insurance policy for you at the right price has never been easier. This is made possible through our friendly, knowledgeable team of advisors who act as personal shoppers: taking you through the covers available and explaining the cost involved, so you can select a policy that both gives you peace of mind and suits your circumstances.
The moment you begin your journey with us you’ll start reaping the benefits. At InsuranceMarket.ae, we have great relationships with all the leading Home Insurance companies in the UAE and our reputation and experience mean we get great products at great prices. Not only that, our partnerships with a range of fantastic local businesses mean that when you buy your policy with Alfred, you’ll get great money-saving discount vouchers sent to you too. From auto accessories to accident repairs, car valeting to personal grooming and auto-tuning to vocal tuning with music lessons and much more. You’ll enjoy benefits that can’t be bettered!
HOW TO COMPARE CYCLE INSURANCE QUOTES?
Let Alfred help you compare cycle insurance with lightning fast service
Cycle Insurance doesn’t need to be complicated but considering your options is advisable: that’s why we send you a couple of plans and quotes to compare. Once you’ve got your selection, here are our top 3 tips for what to do next.
Check the cover provided under each quote and compare against each other. You can’t judge a square versus a circle so make sure your assessment is a fair one.
If you have purchased Cycle Insurance, or any form of Cycle Protection Plan before, check the cover provided against your previous policy/plan. Are you getting like-for-like, less or more? Also consider the “added value” items like optional extras, additional services as standard, discount vouchers etc.
Check the price last so you can see the benefits of the cover rather than being influenced by the premium first. You can then assess the value for money. And don’t forget those “extras” too: you may or may not be able to put a price on them, but they do count!
HOW CAN I GET LOW COST CYCLE INSURANCE?
There’s no magic formula for getting value for money Cycle Insurance but there are some steps you can follow and things you can do to get the best deal for your dirhams! We asked Alfred and here’s what he suggests:
Never buy insurance at the last minute. Give yourself plenty of time to consider the coverage you need against what’s available in the market. If time is running out then the budget can too if you blow it by taking the first deal that’s on offer……even worse, you might just end up paying a lot more money for a whole lot less cover!
Don’t be tempted to “go it alone” in your search for the best policy at the best price. Let the experts help! At InsuranceMarket.ae our Personal Shoppers are just waiting to do the hard work for you. It’s a simple but winning formula. No extra cost + no waste of your time = no brainer!
Don’t get too hung up on price alone. Being mindful of money is no bad thing but being bound by a budget can prove “false economy” if you don’t have the correct cover and lose out when it comes to a claim. At InsuranceMarket.ae we search the market and work with you to find the best cover for your budget.
GET CYCLE INSURANCE
Thousands of customers trust InsuranceMarket.ae to get the best insurance deals. After all, we’re rated 4.9/5
(15,000+ Reviews) on Google – the highest rated insurance provider in the UAE!
We’ll email your custom comparison table to save you time & money