Muc-Off gets into the bike insurance game
Muc-Off has announced a sidestep of its usual physical product launches, for the first time entering the world of bike insurance.
Delivered in tandem with insurance intermediary NextGen, the service carries benefits such as insurance premiums that never increase on renewal for the same risk, as well as up to £100 free upgrade cover, meaning riders can upgrade their bikes to more expensive models, and their policy may not increase in price.
More typical features of policies include theft cover, home and away, plus a multi-bike discount of up to 25%, as the majority of the brand’s customers own multiple bikes. Those who pay annually can save up to two months of insurance premium, there’s a no-claims discount, and European and worldwide cover are all included in premiums as standard.
Alex Trimnell, CEO at Muc-Off. says of the launch: “As always, we’re stoked to have found a new way to improve the experience of owning and maintaining a bike. Working in partnership with NextGen on a move into bike insurance is the next step on that journey for us. We’ve all had bike insurance ourselves here, and most of us have been frustrated by their limitations, so we knew what we didn’t want from a policy! Working through the potential cover options with NextGen, we all got super-excited about giving the industry the major shakeup we think it needs! We’re proud of what we’ve been able to create together, and we know our customers will love it!”
Beyond insuring their bike, riders will also get £15,000 of personal accident cover, in the event that they seriously injure themselves whilst out riding, plus every policy comes with third party liability cover up to £1m.
Cyclists are also covered in the event of accidental damage to their bike or accessories; and if repairs are needed, riders can choose to get an estimate from a repair shop of their choice, subject to them being authorised. Added to this, riders will receive a temporary hire bike for up to 10 days, so they can get back on two wheels as quickly as possible.
