Summer cyclists urged to check insurance cover

As we approach National Bike Week (19-27th June), a new survey by M&S Money has revealed that over a quarter (27%) of cyclists have had at least one bicycle stolen in the last two years.

The poll found that over three quarters (76%) of UK adults have at least one bicycle in their household belonging to them or a family member. Over a third (36%) of people who do not currently have a bike are considering buying one in the future.

The survey showed that the average bike value is £240, making cycles a prime target for thieves. M&S Money is urging cyclists to make sure their home contents insurance covers their bikes for theft outside of their home, as well as in the home. M&S Home Insurance provides unlimited cover for bicycles, at home or outside. A bicycle does not need to be specified on the policy unless the value is £4000 or more.

Andrew Ferguson, M&S Head of General Insurance, said: "Cycling can certainly be a popular activity, particularly as the evenings are lighter and the weather is warmer. It is important that if people have a bicycle already, or are considering making a new purchase, they make sure it is covered adequately by their home insurance policy. "

Tips from M&S Money to help secure bicycles:

If leaving a bicycle in a shed, make sure it is padlocked inside the shed and that the shed itself is locked

If leaving a bicycle in a garage, close the garage door so thieves cannot spot the bicycle

Record the make, model and serial number of the bike in case these are needed for police record

If your bike has quick release wheels remember to chain up both the front and bike wheels to avoid them being stolen

Remember to carry a padlock when out and about and lock it even if only leaving the bike for a very short period of time.