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Bike Theft Insurance

21 Mar

Bike gone; Photo: Bogdix; Creative Commons licenseInsurance firms appear not to have latched on to the impact of safe and secure bike parking on theft and vandalism of bikes.
In the case of cars and other motorized vehicles, insurance premiums vary depending on where vehicles are parked, be they in garages or out in the open.
In the case of bicycles however, there has been no encouragement and/or premium plans that factor in this aspect. Insurance firms would profit from such differentiation, just as bike owners would reduce insurance premiums, if they were to use safe and secure bike parking facilities.

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