With the credit crunch taking its toll on our finances, about one in five Britons would consider cycling to work according to a new survey. However, the bikes as part of the policies of our home insurance?

According to the investigation of a comparison site, a 15 percent of assets have already reached the pedals for their daily commute in an attempt to save money, improve the environment and reap the health benefits of cycling. Without But many are to ensure that their new method of transport is sufficiently covered by insurance.

Bicycles can be insured as part of a home insurance policy or an independent policy. Homeowners should check the terms and conditions home insurance to see if your bike is covered or not.

The research of the comparison shows that the website concerned cyclists could add the coverage of a bicycle to your insurance policy home to around  £ 14 a year. It's worth monitoring the policy carefully to see the level of coverage available. For example, Swinton Bicycle cover to a value of £ 500 as part of your home insurance policy for about £ 14 a year. However, additional direct costs Quoteline  £ 69.98 per year although in this case includes a value limit up to £ 1,500 bike.

It's worth checking the details of a home insurance policy. Most policies cover bicycles as part of his possessions personal choice – however, coverage levels vary with some insurance protection only your bike against theft if you keep it locked in a safe area. Others will cover against risks such as vandalism and accidental damage.

If you have a bike particularly expensive and can not imagine life without it, then you're probably better to take an insurance policy of the conventional bicycle. The tastes of the AUA Insurance E & L insurance and the protection offered Cycleguard includes options such as cover accidental damage, legal expenses cover, car replacement and coverage for foreign travel.

Nevertheless, check your home insurance policy first to see what level of coverage is available. If the cover isn’t sufficient then compare home insurance online and see what else is available.

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