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Home Insurance -
Student bikes at risk, home insurance expert says - 07/09/2007
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Direct Line home insurance have said that students might face a big bill for stolen bikes as they go back to classes over the next few weeks.
According to the home insurance provider, an astonishing total £18.7 million bill for the bikes is on the cards if the budding academics don't lock them up.
Latest statistics from Direct Line suggest that 106 bikes are stolen each day - with a total of five per cent of British students complaining of the theft.
Commenting on the findings, head of home insurance at Direct Line, Andrew Lowe, said: "In recent years, the number of claims for stolen bicycles has risen as much as 34 per cent in September - just when new and returning students are wheeling out their bicycles to campus and bringing them back to their halls of residence for the new academic year.
"A student bike may seem like rich pickings for bike thieves, but for just a few pounds, students should ensure they have a good quality lock on their bike," he added.
"With so many students at risk of having their bike stolen, we would strongly advise them to either take out their own insurance or check to see if their parents’ policy covers them."
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