Up till now, "All Risks Cover" for cyclists and their equipment excluded damage incurred during participation in cycling events. A strange exclusion, as the risk of accidents and theft dramatically increases during cycling events, with so many cyclists sharing the same road space.
Now, for the first time in South Africa, South African cyclists can get insurance structured around their specific needs. CYCLESURE is a short term insurance package, which covers you against all risks - and we mean all risks - even when participating in events locally and abroad.
All Risks cover to bicycles and accessories based on replacement value.
Cover for incidents like theft, hijacking, damage incurred during transit or while training.
Cover while participating in international events, national events, provincial events,
club events, or time trails.
Personal Legal Liability of R1 000 000-00.
CYCLESURE also arranges a Travel and Medical Insurance Package for cyclists who will compete abroad.
A determination of the value of either assets or liabilities. The term is specifically applied to a determination of a life insurance company’s actuarially calculated liability in respect of life insurance business in force at balance sheet date.