Who will pay for the damage to my bicycle?
Is my damage covered via contents insurance?
The difference between contents insurance and cover for accidental damage to contents
The basic insurance for contents covers all of your household contents at replacement value. This includes cover for damages resulting from fire, natural hazards, water or theft. The household contents include all movable furnishings within your home.
Accidental damage insurance can, meanwhile, be arranged with additional modules on top of your contents insurance. These also protect your insured items against unforeseen, violent impact, while electrical equipment is likewise protected against damage from moisture and humidity. This includes, for example, damages incurred as a result of rough transport or impact from a fall. That means that, with cover for accidental damage to electrical equipment, you avoid purchasing separate cellphone insurance but are still protected if your phone slips out of your hand while you’re taking a mountaintop selfie. Or when you accidentally spill coffee over your laptop while editing your holiday photos. In both cases, the module for accidental damage to electrical equipment would cover you, whether you’re at home or out and about. Similarly, the cover for accidental damage to sports equipment covers all kinds of sports equipment in your home, while cover for accidental damage to contents includes both sports and electrical equipment, so you ultimately get comprehensive protection for your entire contents.
Accidents happen. The simplest way to insure your cellphone, tablet, ski equipment, etc. is with cover for accidental damage to contents. This includes all kinds of sports equipment and all electronic devices.
All in one with household insurance
When is it worthwhile for me to get accidental damage insurance for sports equipment?
To find out whether it’s worth your while to get accidental damage insurance for sports equipment, the best thing is to look at a sample calculation. Let’s assume that during the cycling weekend we mentioned at the beginning, the frame of your bike gets broken.
Cost of the repair: CHF 1,900
Deductible: CHF 200 (waived after 3 claim-free years)
Cover from Zurich: CHF 1,700 (since damages are covered up to an agreed insured sum of CHF 2,000).
The supplementary insurance for sports equipment can be purchased for a premium of CHF 64 per year for an insured sum of CHF 2,000. In case of damage, the sports equipment of people living in the same household is also covered.
Still not sure? A personal consultation will help you make a decision.
Key facts at a glance:
- The accidental damage insurance options are an ideal way to supplement your contents insurance.
- You can insure your electrical and sports equipment against damage sustained in falls and other mishaps with the cover for accidental damage to contents.