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Qover Bicycle Insurance covers your bike against theft and/or material damage, including those caused by accident, vandalism, flood, fire, and other external elements. Also, your fixed accessories are covered for up to £100. There is no excess in case of theft and only a small excess of £35 for damages.
This insurance covers all types of two and three-wheeled bikes, including second-hand bikes up to 1-year of age (since initial invoice). Qover bases premiums on the bike’s insured value, and it applies no depreciation.
Summary: The bicycle insurance covers all types of two and three-wheeled bikes, including second-hand bikes up to 1-year of age against theft and material damage. Ideal for bike owners who want to protect their bicycle at a low cost.
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| HQ | Rue du Commerce, 31 1000 Brussels Belgium |
| Policy | Bike theft, or bike theft and material damage |
| Coverage Up To | £10,000 |
| Excess | £0 for theft and £35 for damages |
| Term Length | Maximum 3 years, renewable every 1 year |
The Qover Bicycle insurance is managed by Qover, an untied insurance agent registered with the Financial Services and Markets Authority. It is authorized and regulated by the Financial Conduct Authority. Qover takes care of all the paperwork relating to your insurance policy and all related communication.
This insurance is 100% digital and is intended for people aged 18 or over, individuals, companies, or self-employed. Qover insures bikes up to a maximum of £10,000. The policy’s term length is one year, with a maximum duration of 3 years, and the start date and expiry date of the insurance contract are determined in the policy schedule.
Both the policyholder and Qover can cancel the contract for various reasons, as provided in the general terms and conditions. A policyholder can also revoke the insurance contract within 14 calendar days after receiving the policy schedule, general terms and conditions, and the pre-contractual information without providing a reason.
In the unfortunate case of death, the insurance contract is transferred to your successors, who can choose to keep it or cancel it. If you sell the bike, the insurance contract is not transferable and will automatically end from the moment of notification. Qover reimburses you an amount of premium in proportion to the unexpired days remaining on the contact period.
The application for the policy is online via the website. Select your bike type and purchase price (inclusive of VAT), then click on ‘Get my price.’ Follow the instructions to get your quote and sign up.
The premium depends on the bike’s insured value and your cover’s extent, as stated in the policy schedule. Payment must be made in full using either a debit or credit card. You will receive an invitation to pay from the insurer at renewal if renewal is offered and if you wish to renew your policy. If you wish to cancel your policy, you must do so no later than 10 days before the start date of your new policy (as stated in the renewal notice)
When comparing insurance covers, consider the scope of cover, the amount of excess, and the exclusions that may apply.
| Bikes covered | All types of two and three-wheeled bikes and the speed cannot exceed 25 kmph or 15.5 mph. It also covers second-hand bikes provided they are less than 12 months old at the time of purchase (i.e. invoice date). In the case of second-hand bikes and bikes over 30 days old, Qover will ask you to send recent photos of your bicycle. |
| Theft | This insurance covers the insured bike and all original fixed accessories of the bike against theft. |
| Material damage | Qover covers the cost of repairing material accidental damage and damage caused by external elements to your bike and all original fixed accessories (up to £100 for the original fixed accessories). Excess of £35 per claim. This policy does not cover the damage you cause to third parties. |
| Malicious damage | The damage caused by third parties by an unreasonable act, such as graffiti or intentional damage is covered. |
| Personal accident | N/A |
| 3rd party liability | N/A |
| Accessories | As supplied by the seller or manufacturer, it covers fixed original accessories of the bike for up to £100. |
| Cycling abroad | It covers you in the European Union, in the United Kingdom of Great Britain, the Principalities of Andorra and Monaco, the Vatican City, Iceland, Liechtenstein, Norway, San Marino, and Switzerland. |
| Competition usage | It doesn’t cover damage resulting from participation in a competition. |
| Coverage exclusions | The complete list of exclusions is in the contract between you and Qover. The main ones include – Theft when the bike is not locked with an approved lock or attached to a fixed point. – Any damage other than that caused to the bike and its original fixed accessories. – Wheels, tires, and batteries are not covered if they were stolen separately from the bike. – Aesthetic damage (scratches, dents) and wear and tear damage to the bike – Damage resulting from negligence, intoxication, or modifications of the bike or a pure technical defect. |
If someone steals your bicycle, you must report the incident to the police within 24 hours of discovery and report the claim online (this takes less than 5 min). If damaged, you must inform the insurer online within 8 days of discovering the damage. Qover experts will process your claim as soon as possible to calculate the compensation you are entitled to receive.
The following steps are required after an incident:
The Qover team is available Monday to Friday from 8 am to 4 pm to handle your queries and any other issues. You can reach them via 0800 048 8899 or email: hello@qoverme.com.
The Qover insurance contract is governed by the laws of England and Wales and, regarding individuals only. It is a consumer insurance contract within the meaning of the Consumer Insurance (Disclosure and Representations) Act 2012 and the Insurance Act 2015.
If you own a bike, then this insurance is ideal. It will protect against theft and material damage removing the fear and worry associated with owning a bike. It is 100% digital, making applying for the cover and claims processing quick and easy.
• This policy is administered by Qover SA. Qover is a Belgian untied insurance agent registered with the Financial Services and Markets Authority of Belgium under the code 0650.939.878 with registered address Rue du Commerce 31, 1000 Brussels. Deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.
• Theft and material damage coverage is taken out with Wakam. Wakam is a limited company registered with the Paris Trade and Companies Register (Registre du Commerce et des Sociétés) under number 562 117 085 operating through its UK Branch whose principal place of business is 18th & 19th Floors, 100 Bishopsgate, London, EC2N 4AG. Authorised and regulated by the Autorité de Contrôle Prudentiel et de Résolution. Deemed authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.
• Bike insurance is a non-life insurance product (Branch 3).
• This contract is entered into for a period of one year. The contract may be renewed twice for two further periods of one year each.
• This insurance contract is subject to the laws of England and Wales.
Please always refer you to the Terms and Conditions of the Bicycle Insurance. Those are the only one binding you and Qover.
