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Abandoned |
Means a cycle being left in a location which is not the insured location for more than twelve hours at any one time or for more than 24 hours at any one time at a railway station. |
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Accessories
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Means any equipment, including trailers, purchased by you and added and fixed to the cycle in addition to the equipment which is included within the cycle's standard specification as specified on the Schedule of Insurance, other than equipment which is specifically excluded, providing that the value of the accessories has been included by you in the sum insured. |
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Accident |
Means a sudden and unforeseen occurrence which happens by chance and results in damage to the insured cycle during the period of insurance. |
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Approved Lock |
Means a lock which is specified in the Master Locksmiths Association (MLA) ‘Sold Secure’ list of cycle locks and which is appropriate to the value of your bike, in accordance with the classification of locks determined by the MLA 'Sold Secure' list. |
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Certificate of Insurance |
The evidence of the contract between you and the Underwriters in which the terms, conditions, limits and exclusions applicable to the insurance are set out. |
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Claim |
A formal request by you for payment under the Certificate of Insurance, in respect of loss, damage, theft, accident, injury or death. |
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Consequential Loss |
Means any loss, financial or otherwise, which is not directly concerned with or related to the cycle specified in the Schedule of Insurance, but instead arises from the event or the occurrence which gives rise to a claim in respect of the insured cycle or any of the extensions of cover chosen by you. |
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Contract of Insurance |
The formal legal agreement between you and the Underwriters, represented by the Certificate of Insurance, wherein the Underwriters agree to indemnify you for loss or damage to your cycle, and which sets out the terms, limits, conditions and exclusions of the Certificate of Insurance. |
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Cycle(s) |
Means any unicycle, bicycle, tricycle, tandem or recumbent driven only by human pedal power and/or electric battery. The machine must not be powered such that it is subject to the requirements of the Road Traffic Act. |
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Cycle Serial Number |
The unique reference code that identifies your cycle, sometimes known as the frame number. This is generally to be found underneath the bottom bracket (the circular section which houses the pedal crank set). |
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Evidence of Ownership |
In the event of a claim you need to be able to demonstrate that you are the owner of the insured cycle by, producing a purchase receipt, credit/debit card voucher or statement, photographs, independent valuation, or literature provided when the bike was purchased, etc. |
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Expiry Date |
The date on which the cover you have purchased ceases as shown in the Schedule of Insurance. |
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Family |
Means you, your partner and any other relatives who permanently reside with you. |
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Full Replacement Value |
The cost of purchasing the type of cycle insured, or the nearest equivalent, without any deduction for wear, tear or depreciation, less any discount offered by the retailer or wholesaler. |
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Immovable Object |
Means one of the following:
(i) a solid object fixed in or onto brick, stone, concrete or metal which is not capable of being undone, removed with, or lifted under/over the cycle, or
(ii) a securely fixed proprietary motor vehicle roof or cycle rack, or
(iii) an official cycle rack at a train station and supplied by the train station specifically for the purpose of securing cycles in an area of the station which is within the jurisdiction of British Transport Police Authority. |
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Inception Date |
The date on which the insurance you have purchased commences. This is shown in the Schedule of Insurance. |
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Insurance Premium Tax |
The tax imposed by the Government on the purchase of certain types of insurance. |
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Insured / Your Home |
The secure location as stated on your Schedule of Insurance where the insured cycle is usually kept which unless otherwise specified in any endorsement attached to your Schedule of Insurance shall mean:
(i) a house of standard construction built of brick, stone, slates or tiles, or
(ii) an outbuilding or garage built of brick, stone, or concrete and roof with slates, tiles, corrugated steel, asbestos or multi-layered with modern materials which is attached to, or within the boundaries of a private dwelling house and is privately accessed, or
(iii) a wooden shed which is securely locked at all times and which is privately accessed, or
(iv) a self-contained flat within a building of standard construction as defined in (i) above, or a communal hallway within a building of standard construction as defined in (i) above in which you permanently reside, or
(v) a self-contained lockable private room within the halls of residence in which you normally reside, or
(vi) Any other specific location which has been referred to and agreed by underwriters and which is separately identified in an endorsement attaching to your Schedule of Insurance. |
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Loss of Limb |
Means the actual physical separation of a hand at or above the wrist, or of the foot at or above the ankle but also includes the total and irrecoverable loss of use of one or both hands or feet, respectively. |
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Loss of Sight |
Means the total and irrecoverable loss of sight in one or both eyes. |
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Material Facts |
Means any fact, information or alteration in circumstances which would influence our judgement in deciding whether to provide you with cover for your cycle and which, in our opinion, either increases the risk to which we are exposed or which may have led us to offer cover at substantially higher terms. |
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Permanent Total Disablement |
Means a disability which lasts at least 12 calendar months which entirely prevents you from attending to any business or occupation of any kind and which at the end of the period remains beyond reasonable likelihood of improvement. |
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Personal Accident |
Means a sudden and unforeseen occurrence which happens by chance during the period of insurance and which results in your death, or serious injury to you. |
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Policy Excess |
This is the amount of the money that you must pay when a claim is made. The amount differs in accordance with the circumstances of the loss. |
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Premium |
A single payment in advance required to pay for the insurance cover for a year, through premium finance arrangements, by cash or credit card or debit card, or by payment in instalments. |
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Proof of Loss |
Means that when you make a claim, you are required to prove to us that the claim is valid and that you have fulfilled all of your obligations to us with regard to the terms and conditions of the Contract of Insurance. |
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Public Liability |
Means the liability which you or members of your family may have in law to pay compensation to any member of the public for death, injury, loss or damage resulting from an accident caused by your negligence. |
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Renewal Date |
The date on which cover would recommence, should you decide to renew the contract. |
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Sum Insured |
Means the amount chosen by you and shown in the Policy Schedule and which represents the current replacement cost of the insured cycle. |
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Schedule of Insurance |
That part of the Certificate of Insurance which shows your personal details; name, address, postcode, period of insurance, premium and any other information which is pertinent to your individual Contract of Insurance. |
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Temporary Location |
Means any temporary residence such as your holiday home, guest house, boarding house, hotel for a maximum period of 28 days at one time during the period of insurance. We may be prepared to extend the cover at a temporary residence or period in excess of 28 days, but you must advise us of this and we will issue an endorsement for attachment to the Schedule of Insurance noting our agreement to this. |
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Territorial Limits |
The countries in which the cover provided applies. Cover which is specially agreed beyond those countries may be for a limited period only, as defined in the Certificate of Insurance. |
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Terrorism |
Means an act, whether involving violence or the use of force or not, or the threat, conspiracy or preparation thereof, of any person or group(s) of persons whether acting alone or in concert with any organisation(s) which is designed to intimidate or actually does intimidate or influence a Government or any member or section of the public, or results in the destruction of any part of the economy of the country and which by its nature, form or context is undertaken for political, social, religious, ideological causes or objectives. |
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The Insured/You/Your |
Means the person or persons named in the Schedule of Insurance, or if the Family Members Extension has been selected by you this also means any member of your family permanently residing with you. Students who live away from home for the greater part of the year are not deemed to be permanently residing with you and they must make their own separate insurance arrangements for their cycle. |
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TheUnderwriters/We/Us/Our |
Means the Underwriters specified in the Schedule of Insurance. |
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Unattended Cycles |
Describes situations where the insured cycle is not being ridden or held by you or has not been entrusted by you to an adult for its protection and safekeeping. |
