Cyclists urged to put the brakes on bike thieves

19 June 2013

Cyclists are being urged to put the brakes on opportunist thieves in a race to cash in on a pre-summer bike hike.

Halifax Home Insurance reported an increase of almost 30% in bicycle theft claims over the past two years during the pre-summer months in comparison with the tail end of winter and early spring – so cyclists are being encouraged to ensure they're protected by more than just a helmet.

The insurer estimates that the average cost of a bicycle theft claim is around £300, and with an estimated 22% of Britons cycling more than once a week,and with stretching daylight hours, the insurer is encouraging cyclists to take some simple steps to stay on track this summer.

Martyn Foulds, senior claims manager, Halifax Home Insurance, said:
“Bikes are attractive targets for opportune and professional thieves alike, and owners could end significantly out of pocket should they end up out of the saddle. Start by investing in a good lock and checking your insurance – this can be a small investment which could save a lot of money.

“Often some types of locks such as cables can be cut and are therefore not enough of a deterrent for savvy bike thieves, so investing in a solid lock can be worth it in the long run.

“Check your home insurance policy to ensure you are adequately covered, and consider additional cover for contents outside the home to ensure you are protected.
“Keeping receipts and taking photographs of the bike after purchase and noting any modifications will help claims to be processed smoothly.”

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