It’s March, and South African cyclists know what that means… The iconic Cape Town Cycle Tour. Whether you’re tackling this 109 km route for the first time or you’re a seasoned pro, 1 thing is clear: your bicycle isn’t just a mode of transport, it’s your pride and joy. And with good reason. High-quality bikes give you an edge, break down less, and uh, yes they come with high price tags. For all these reasons, it’s worth making sure that you protect your 2-wheeled asset.
This is where the king’s bicycle insurance steps in. Our insurance isn’t just any generic policy. It’s tailored for cyclists who know the value of their ride and want the best possible protection.
Let’s give you a quick rundown on what you need to know about the King Price bicycle insurance policy.
The R1 policy
According to our stats, insuring a bicycle that’s worth between R25,000 to R35,000 could set you back around R138 every month. It’s affordable and definitely worth it, but what if it could be less? Like, a lot less… R1 every month, to be exact.
If you insure more than 1 car with King Price comprehensively, you can also insure your bicycle for just R1.
Click here to check it out.
A flexible approach
If you don’t have comprehensive car insurance with the king, then you’ll be glad to know that we get that no 2 riders and rides are the same. That’s why King Price’s bicycle insurance offers flexible cover for your 2-wheeled treasure, whether you’re riding a sleek road bike, a mountain bike built for the trails, or a state-of-the-art carbon fibre beauty designed to shave seconds off your time.
What’s flexible about it? Well, cover for your bicycle exists under our portable possessions policy. In this policy, you can cover both expensive and (relatively) inexpensive items that go out and about. For super expenny bikes, you can specify the exact value on your bicycle and pay an accurate premium to reflect this cover. But if you’ve got something older and worth around a thousand bucks, or thereabouts, it wouldn’t have to be specified.
Alas, there are verrrrry few bicycles that are valued below the limit. As cyclists well know, most bicycles are over R5,000. In fact, some premium bikes can cost as much as a small car. In this case, you’ll most likely need to specify your set of wheels, and have it fully covered so that if something goes wrong, like an accident or theft, you can claim for the correct replacement value.
Here’s what we cover
You need insurance that truly understands the value of your investment and caters for all the things that can go wrong.
This is what the king’s cover does for you:
- Theft: Your bike is covered if it’s stolen from your home, car, or while you’re out riding. Whether someone takes it from your garage or breaks into your car during a pit stop, we’ll make sure you can replace it.
- Accidental damage: From cracked frames to damaged wheels, our cover ensures you don’t have to pay out of pocket for costly repairs caused by crashes, falls, or even transit damage.
- Transit protection: Transporting your bike to Cape Town for the tour? Whether it’s on your roof rack, inside a trailer, or in a courier vehicle, our insurance ensures your bike is protected against damage or theft while in transit.
- Custom gear and upgrades: Have you installed custom wheels, an advanced suspension system, or a fancy GPS unit? Let us know so that we can include cover for those extras covered too, so you’re never left out of pocket for the upgrades that make your bike uniquely yours.
Extra cover for the cyclist in you
As any serious cyclist knows, there’s a whole world of gear that goes hand-in-hand with your ride. That’s why we give you the option to add cover for your accessories, including things like your helmet, cycling shoes, and gloves, as well as high-end GPS devices and cycling computers.
It’s just our way of making sure that you’re fully protected for the race, training rides, and casual weekend spins.
The king has your back (and your bicycle)
The Cape Town Cycle Tour is more than just a race; it’s a celebration of South Africa’s cycling community. And with the stunning scenery of the Cape Peninsula as your backdrop, you’ll want to focus on the ride, not worrying about what could go wrong.
With the king’s cover, you’re covered for every twist and turn… On the route, at home, and even on your travels.
WhatsApp us on 0860 50 50 50 or visit our portable possessions page today to learn more and get a commitment-free quote. Let us help you protect what moves you. Because when it comes to your ride, peace of mind is priceless.
Psst… This blog provides general info only, and doesn’t count as financial or product advice from King Price or our legal and compliance experts. Remember, all our premiums are risk-profile-dependent, and T’s and C’s apply. Our most up-to-date KPPD (policy wording) can always be found here.
Our website T’s and C’s can be found here.
