Bike-lovers are being reminded to insure their two-wheeled treasures as pedal bike claims continue to climb.
Last year, Halifax Home Insurance received 13% more claims for theft, loss or damage of cycles when compared to 2019, with claims spiking during the summer months.
June and September saw a 34% and 44% increase in claims when compared to 2019.
When looking at bike theft in particular, the insurer had an 8% spike in these claims last year. Surges were seen both in the capital and the North West, with a 13% and 27% increase respectively.
Tim Downes, Senior Claims Manager, Halifax Home Insurance, said: “One year on from lockdown, the boom for bikes doesn’t seem to be slowing down, and bike retailers and manufacturers are still struggling to keep up with demand.
“Although from an environmental and health perspective, it’s great that the nation is swapping four wheels for two, the fact that many are still struggling to get their hands on a new set of wheels is leading to a spike in pedal bike claims.
“Making sure that you have the right level of cover in place, and taking the right steps to look after your bike means that cyclists can focus on conquering hills not thieves, and getting a new personal best on Strava.”