Is Assetsure The Best Cycle Insurance?

antoine fruchard Antoine Fruchard  updated on July 30, 2020


This is the ultimate review to guide you through the ins and outs of assetsure cycle insurance. If you are riding a bike, this review might interest you!

Let’s dive right in!

What is Assetsure cycle insurance?

Assetsure are a well-established insurer of Pedal Cycles with their policy underwritten at Lloyd’s of London. A wide variety of bikes can be insured including Electric.

 Cover includes “New for Old” regardless of cycle age and “Theft” both at and away from the home. You can insure different types of bikes:

  • Road
  • Mountain
  • Electric
  • Hybrid
  • Folding
  • BMX

Assetsure cycle insurance in a nutshell

You will find assetsure main features :

PolicyDetails
Maximum bike sum insured£12,500
Excess£100 default can choose between £0 and £500
Multibike up to 5
Expert ratingExcellent from Truspilot
Claims paid out90%
Discounts availableYes, No Claims Bonus
assetsure cycle insurance

What does Assetsure cycle insurance cover?

Assetsure proposes all this features, it can be included or you can add it to your cycle insurance policy:

Policy typesCovered
Cover for accessories

£100 is included Free of Charge- You can choose to increase up to £500.

LossYes
TheftYes
New for oldYes
Public liabilityYes
Personal accidentOptional
Worldwide coverNo
Cover for race or competitionOptional
Loss of earningsNo
Replacement cycle hireYes
assetsure coverage

Assetsure covers as standard:
New for old (all bike ages)

Accidental Damage
Theft
Hijacking
Cover at Home and Away
Legal Expenses

What is not covered by Assetsure?

Assetsure wont cover your bike if damages are caused by:
Wear and tear
Climatic conditions
Vermin, insects
Poor maintenance, failure to to follow manufacturers’s instructions

You won’t be covered either:
in case of unexplained loss of disapprearence of your cycle
if your cycle is used for trade or business purposes
if your cycle being used for any competition involving a massed start or a triathlon or duathlon unless the competitive events extension has been purchased
in case of theft or damage to accessories,tyres and cycles boxes unless the cycle itself is lost or damaged at the same time
if the security requirements have not been met

How much is Assetsure insurance?

The biggest factor affecting the cost of cycle insurance is the value of your bike. For a bike that worths £500, without options, you will pay an average of £7.95 per month, which is reasonable compared to your bike purchased price.

How to contact Assetsure insurance?

Here are the important phone numbers to join directly assetsure:

ServicePhone NumbersOpening Hours 
Claim service0208 0033 191

Claims dept open 9.00am-5.00pm
Monday to Friday

General queries0208 0033 190

Monday-Friday
8:30am – 7:00pm
Saturday
10:00am – 2:00pm

Contact assetsure

How to claim at Assetsure cycle insurance? 

You will find on this table the different possibilities for reporting a claim on your assetsure insurance: 

How to claim?Details
When to claim?Claims should be made as soon as possible.
Claim by mail

Assetsure Claims Dept.
Third Floor 
Peek House
20 Eastcheap
London
EC3M 1EB

Claim by email[email protected]
Claim onlineNo
Claim by phone0208 0033 191
Claim assetsure cycle insurance

How to cancel assetsure insurance?

You will find on this table the different ways to cancel your assetsure insurance:

How to cancelDetails
Cancellation fees

No cancellation fees, pro-rata return

Cancel by phone0208 0033 190
Cancel by mail

Assetsure
Third Floor 
Peek House
20 Eastcheap
London
EC3M 1EB

Cancel assetsure cycle insurance