As cyclists and lawyers, we are knowledgeable about the planning you should do to make sure you are legally protected when you are out on your bike.
Bicycle damage and theft claims are on the rise. Before your next ride consider whether your beloved bicycle is insured in case of damage or theft.
You should ensure that you have adequate home or rental insurance that will cover the value of your bike. You may want to take a close look at your policy as most insurance companies either exclude bicycles or provide very little reimbursement on bicycle claims. You may consider adding a separate schedule to your insurance specifically to cover your bicycle.
Many cycling organizations provide optional insurance that covers injury and damage claims. Check with your local cycling organization to see what insurance is included with membership.
Few people want to think about getting into an accident while cycling and the possibility of death or disability. And in fairness, the probability of death or disability as a consequence of cycling is extremely low. Nonetheless, having enough insurance to protect yourself and your family from the financial consequences of a cycling crash can provide valuable peace of mind.
We recommend that you review your life insurance to make sure you have enough insurance to cover your debt obligations. You should also have enough disability insurance to cover your basic monthly needs in the event of an injury.
A proper estate plan and a legal will are something everyone needs. You should always ride knowing that your affairs are in order. A proper estate plan together with a legal will is the greatest gift you can give your family to ensure that your assets are passed on to them in the way you want. Taking this protective step is an easy way to protect your family from stress and legal expense in the future. If you have questions about your estate planning, feel free to contact us anytime.
At The Cycling Lawyer, we are committed to the wellbeing of cyclists and the growth of cycling in Canada. As cyclists ourselves, we know that cycling carries with it certain inherent risks. It is our goal to help cyclists mitigate those risks. If you cycle, we are on your team. From insurance advice to bicycle damage claims to personal injury litigation, we can and will assist.
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