While a bike lock goes a long way towards preventing theft, criminals have been known to break through the sturdiest locks. Even if you get lucky and the criminal gives up before they can make off with your bike, your bicycle may sustain serious damage from the attempt.
Bicycle insurance not only covers your bike in the unfortunate event that it’s stolen - it will also cover you against accidental damage, malicious damage, optional extras like worldwide cover and racing cover, and much more.