Cyclists urged to insure themselves

Cyclists are being urged to cover their bikes, themselves and other road users in case of an accident.

With an increasing number of people cycling to and from work, insurers are urging bike riders to consider the financial risks associated.

Currently, there is no requirement for cyclists to take out insurance before jumping on the saddle, despite the fact that riders face many similar risks and implications to motorists.

Apart from costs associated with the theft of an expensive bike, cyclists also face being injured or injuring themselves, or even doing damage to other people and there property.

If a cyclist is found to be responsible for causing the damage, the rider could be required to foot a hefty bill for repairs, treatment, or loss of earnings.

Cyclists are urged to protect themselves from financial risks by taking out three major types of cover; for the bike itself, third party protection, and personal accident.