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http://www.londoncyclist.co.uk/featur... Bicycle insurance is definitely a good idea if you regularly leave your bike in outside and unsecured. It is very sad to often hear about bike theft and people then looking for their bikes on Gumtree or Ebay. With bicycle insurance at least you can sit back and relax if your bike is stolen. However there are some things you need to know about bike insurance. Not least of all is which are the different companies that offer bicycle insurance. I've also found a number of companies who offer a discount if you have a folding bike. One quick tip that I can offer here and you'll see in the Bicycle insurance video is to make sure you read the small print because different insurers offer different things. For example some will replace a new bicycle for an old bicycle. Others will give you the perceived value of the bicycle as it has been depreciating.