Bike theft: not always chargeable, these insurances

Bike theft: not always chargeable, these insurances

The weather is nice, you hear the call of the cycle paths. Go on! Why not give in and give yourself a gift: the bike of your dreams. A bit expensive, but oh so powerful and graceful. In addition, you have peace of mind since if a thief seizes the car, you will be compensated by your home insurer and the manufacturer of your supercadlock. Truly?
It is not always possible to receive compensation. Many home insurance contracts limit the value of bicycles, notes Insurance Bureau of Canada public affairs official Anne Morin. The shock can be brutal if you hit a maximum of $ 500 or $ 1000 for the several thousand cartridge case.
Also think about the franchise, she continues. Is it really profitable to make a claim with the insurer for a bicycle for a few hundred dollars? Not always. Contracts generally state that the first $ 300 to $ 500 of losses are your responsibility.
All kinds of clauses
However, there are still manufacturers of padlocks paid for at a high price. They often reimburse you for your machine if a thug is infatuated with it. But have you read the contract? The Kryptonite company, for example, requires that you send them a file within 15 days of purchasing the security system: a registration form, the invoice for the lock and the invoice for the bike. Sometimes you also have to pay extra for this protection. That's not all: during a complaint, you must provide at least one part of the padlock in order to prove that it was broken by a criminal ... Pray that he does not go with it.