Mountain Bike Insurance: Why and How to Protect Your Ride
If you’re into mountain biking, you know it’s a passion that can get expensive. According to Vélo Québec’s report Cycling in Québec in 2020, Quebecers spend $110 million on equipment every year to take part in this increasingly popular sport, representing 19% of total cycling-related spending.
It’s therefore no surprise that you'd want to protect your valuable investments. Your home insurance may cover your bike in the event of a loss, subject to the terms, limitations and exclusions set out in your policy. Find out here how to get the right mountain bike insurance coverage, no matter how much your ride is worth.
Mountain Bike Insurance That Won’t Put the Brakes on Your Passion
Many cyclists assume their bike is automatically covered under their home insurance policy. While this is often true, it’s important to note that most insurers impose restrictions on bikes.
For instance, some policies may set a maximum coverage limit of $2,000 per bike in the event of theft. Given the purchase price of today’s high-end mountain bikes, you can hit that limit very quickly—sometimes even before you’ve had a chance to buy gear. If your bike is worth $5,000, or even $10,000, that kind of limit could leave you paying a large part of the loss out of pocket in the event of a covered claim. That’s enough to hurt both your wallet and your peace of mind!
Fortunately, Promutuel Insurance offers tailored mountain bike insurance solutions to insure your bike and its main accessories, with no limit on value. With this comprehensive coverage, your bike is protected against a wide range of risks, including:
- fire;
- theft;
- vandalism.
That’s what we mean by bike insurance that keeps up with your passion!
Home Insurance That Covers Your Bike
Some of our basic home insurance policies—whether for homeowners, condominium owners or renters—include unlimited coverage for bikes at no extra cost. If that is not the case, an endorsement can be added to your policy to specifically cover your bike.
As a result, in the event of a covered loss, Promutuel Insurance could compensate you for the full purchase price of your bike—whether it’s $3,000, $5,000 or $10,000—depending on the coverage and terms specified in your policy.
Important: If you purchase sports equipment, keep all receipts and contact your damage insurance agent to determine whether your home insurance policy needs to be updated.
Coverage That Follows You Wherever You Go
Your mountain bike isn't meant to sit in your garage. It goes wherever you go — on the trails, in the mountains and often on the road. When covered under Promutuel Insurance’s home insurance policy, your bike may also be protected outside the home, for example:
- while being transported in a vehicle;
- while mounted on a bike rack;
- in the event of a collision with a car or another bike.
And since you also carry a lot of gear whose total value adds up—shoes, helmets, technical clothing—it’s reassuring to know that it may be covered under your policy.
In short, our unlimited coverage gives you one less thing to worry about, so you can fully enjoy relaxing with friends after a day on the trails, knowing your prized bike is well protected by your side on every adventure.
Live Your Passion to the Fullest!
Join thousands of cycling enthusiasts across Québec and choose Promutuel Insurance for mountain bike insurance that protects what matters most to you: your home and your high-value gear! Request an online home insurance quote by clicking the fixed bar at the bottom of the screen. One of our damage insurance agents will contact you as soon as possible to recommend coverage that goes as far as your passion takes you.
