AA predicts ‘Himalayan peak’ in bike theft

| May 8, 2009 | 0 Comments

AA Insurance has warned of a ‘Himalayan peak’ in the number of bikes stolen this summer as the recession makes bicycles an increasingly attractive easy target for thieves.

Bike sales have surged in recent months as credit crunched Brits seek cheaper ways to get around town.

Meanwhile, June to October is traditionally the busiest time of year for cycle theft, the AA said.

The home and motor insurance firm issued its warning after David Cameron’s bike was stolen for the second time in 10 months.

The Tory leader’s bike was taken from near his home, where it was reportedly chained up to railings.

“While we sympathise with Mr Cameron’s well-publicised plight, hundreds of cyclists fall victim to theft every day,” said Simon Douglas, director of AA Insurance.

“We could see a Himalayan peak in cycle theft this summer as the recession makes the bike an ever more sought-after item.

“This episode reinforces the need to check your insurance to make sure your bike is included.”

The cost of a stolen bike can be reclaimed on home insurance if the policy extends to personal belongings outside the home.

Around 300,000 bikes are stolen every year in the England and Wales, of which only 5% are returned to the owner.

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