We all have different outdoor hobbies, from cycling or surfing to fishing or hiking - or any number of other alfresco activities - and it's important to consider adequate insurance to get the most out of time spent outside. Below are four considerations to keep the sun shining.
1.Make sure your expensive sports or outdoor equipment is insured. If this equipment is not insured, or is inadequately insured, an accident can really put on the heat. Depending on your chosen outdoor activity, it is essential to chat to your financial adviser about the insurance cover required to protect yourself against loss. It is usually a good idea to specify expensive equipment you regularly take out of the house in the All Risk section of your home contents insurance. (All Risk essentially means that any risk that your insurance contract does not specifically exclude is automatically covered.)
Cycling enthusiasts know just what sort of costs are involved in owning a bike. The cost of replacing a bike, or certain parts or add-ons, can be very expensive without adequate insurance. If your bike forms part of your All Risk cover, it will be covered whenever you are using it. Also consider the equipment you use to transport your bike (or any other sporting equipment), such as a roof rack. This in itself may be expensive to replace.
Another useful tip is to have a photograph on record of the contents you want included in your All Risk cover, as well as the documentation proving ownership.