Bike Insurance

An optional Performance Bike Insurance Program covering the physical loss or damage to bikes during training and sanctioned events is available to Cycling BC members.

Perils included, but not limited to

  • “All Risks” of direct physical loss or damage to bikes scheduled, only while participating in sanctioned racing events (sanctioned by Cycling BC or an equivalent sport organization, including fondos) and while training.
  • Theft at home or a secured hotel is also covered, providing there were clear signs of forced entry. Coverage will not respond if theft occurred through an unlocked door or if, for example, the garage door was left open. A  police report must accompany the claim.
  • Policy Territory is for North America
  • The insurer will pay up to the Stated Amount Limit of Insurance as reported by the insured, or the cost to repair or replace, whichever is least.

Exclusions included, but not limited to

  • Accidental damage is not covered while in transit unless the bike is being transported by a recognized carrier, securely packaged in a hard shell container designed for bicycle transit;
  • Damage caused by wear and tear

 

Limit of Coverage 2020 Premium Jan 1-Dec 31 2020 Premium Oct 1-Dec 31
$0 – $4,999 $130 $100
$5,000 – $9,999 $190 $160
$10,000 to $15,000 $230 $200


Coverage expires at midnight on December 31st of the year it was purchased.

Deductible is 10% of insured value, $500 minimum.

View a summary of the Cycling BC 2020 Performance Bike Insurance Program (PDF) – COMING SOON!

For more information, check out our Frequently Asked Questions page.

For all coverage related enquiries, please contact Jones Brown Inc. at 604-608-6323 for more information.

The bike insurance program is available to current Cycling BC members only.

STEP 1:

Complete the online application on the next tab. You will be required to provide your contact information, a valid Cycling BC membership number, and information about your bicycle, including but not limited to,

  • Bicycle Make
  • Bicycle Model
  • Serial #
  • Date Purchased
  • Original or Appraised Cost
  • Replacement cost today
  • Actual cash value today
  • Photographs of your bicycle and the serial number

STEP 2:

Once your completed application form has been submitted, Cycling BC will e-mail you an invoice for the full amount of your premium.

STEP 3: 

Once the premium has been paid-in-full, Cycling BC will e-mail you a receipt and a confirmation of insurance letter.

Only until the steps above have been completed will the bike insurance policy be in effect. Policy expires at midnight on December 31st of the year it was purchased.