Cyclists warned over insurance

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More than 98% of cyclists in the UK may be putting themselves at financial risk because they do not have specialist insurance that offers third party cover, according to the Environmental Transport Association.

The recent 83% increase in London cycling reflects a two-wheeled renaissance in urban areas, but most cyclists seem unaware that if they are involved in an accident that causes damage to a person or property, they can find themselves facing a claim for compensation.

Environmental Transport Association Director, Andrew Davis said: "The fact that over 5 million people take to their bikes each week illustrates just how safe an activity cycling is, but if the worst happens the last thing you want is a huge claim for compensation landing on your doormat.

"It's risky for people to assume that household insurance policies will cover road traffic collisions, as many do not."

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