Cyclists offered insurance warning
27/04/2007
Cyclists are being urged to spend more money on security for their bicycles, following new research which shows bike theft is on the increase.
Halifax Home Insurance suggests that fans of two-wheeled transport should make investments in high-security locks, following a study which reveals one bike is stolen every 71 seconds in the UK.
The insurer indicates that bike thieves are cashing in on Britain's green conscience, with 439,000 bicycles stolen each year.
Failing to cover your bike with the relevant insurance could result in cyclists being unable to claim for reimbursement in the event of a theft.
Vicky Emmott, from Halifax Home Insurance, remarks: "The increase in thefts is due to an upsurge in the popularity of cycling across Britain.
"With the majority of thefts coming from bikes that have been placed under lock and key, it may be worth considering spending a little more money for a high security lock that might stand a better chance of deterring a thief."
Transport for London launched its Share the Road campaign this week, which is aimed at encouraging drivers to consider the vulnerability of cyclists on the capital's roads.
Halifax Home Insurance suggests that fans of two-wheeled transport should make investments in high-security locks, following a study which reveals one bike is stolen every 71 seconds in the UK.
The insurer indicates that bike thieves are cashing in on Britain's green conscience, with 439,000 bicycles stolen each year.
Failing to cover your bike with the relevant insurance could result in cyclists being unable to claim for reimbursement in the event of a theft.
Vicky Emmott, from Halifax Home Insurance, remarks: "The increase in thefts is due to an upsurge in the popularity of cycling across Britain.
"With the majority of thefts coming from bikes that have been placed under lock and key, it may be worth considering spending a little more money for a high security lock that might stand a better chance of deterring a thief."
Transport for London launched its Share the Road campaign this week, which is aimed at encouraging drivers to consider the vulnerability of cyclists on the capital's roads.
