What does your insurance get you?
You wouldn't drive a car without insurance, so why would you ride a bike? At Bike SA, we've got you covered!
Whether you're riding for recreation, health, commuting to work, on a training ride or even competing in a BSA affiliated race/event , Bike SA membership covers you 24 hours a day, seven days a week anywhere in the world except Canada and the USA.
Members receive a range of insurance benefits:
Third Party Liability $20,000,000
Capital Benefits Up to $100,000
Loss of Income Up to $800 per week for 104 weeks
Medical Expenses up to $5,000 per injury
Plus a list of extensive additional benefits
Read full summary of insurance benefits for Bicycle SA members
Please note: Insurers are prohibited by law (Section 126 Health Insurance Act) to make any payments for any service for which Medicare also makes any payment.
*The above fees are included in Bike SA's standard membership.
Please refer to the document & product disclosure statement 2014_PA_Policy_Schedule_Wording.pdf for details of policy conditions and exclusions.
Below are examples of how different insurances work together:
1. As a result of an accident covered under the policy, John required 8 physio sessions @ $90 per session. John had private health insurance and was able to claim 60% of the total physio expense. John was able to claim the health insurance gap under his Bicycle SA membership:
10 Physio sessions @ $90 = $900
Health Insurance covered 60% = $540
Heath Insurance Gap = $360
Bicycle SA membership Insurance covers 85% = $306
Less Bicycle SA insurance excess of $Nil as John has private health insurance for the expense claimed
Bicycle SA membership insurance paid $306.00
2. As a result of an accident covered under the policy, Mary required $5,000 in dental work and had to see a Doctor. Mary had private health insurance and was able to claim 60% of the total dental bill. Mary was able to claim the health insurance gap under her Bicycle SA membership. Mary was also off work for a period of 3 weeks and earned $600 per week
Doctor bill = $100 ($50 rebate from Medicare). The $50 gap is not covered as insurers are permitted from covering the Medicare related expenses including the Medicare Gap due to Government Legislation
Dental bill = $5,000
Health Insurance covered 60% = $3,000
Heath Insurance Gap = $2,000
Bicycle SA membership Insurance covers 85% = $1700
Less Bicycle SA insurance excess of $Nil as Mary has private health insurance for the expense claimed
Bicycle SA membership insurance paid $1700 for Non Medicare Medical Expenses
Loss of Income
Mary was off work for 3 weeks @ $600 per week = $1,800
Policy excess 7 days from date of injury ($1,800 less $600 for one week = $1,200)
Bicycle SA policy provides 85% of your loss of income up to a maximum of $800 per week, so in Mary's case the following applies;
85% of Marys earnings $600 per week x 2 weeks (as first 7 days excluded) = $1,020
TOTAL CLAIM PAYMENT
Non Medicare Medical $1700
Loss of Income $1020
3. As a result of an accident covered under the policy, Joel required 6 chiropractic sessions @ $110.00 per session. Joel didn't have private health insurance.
6 Chiro sessions @ $110 = $660
Bicycle SA membership Insurance covers 85% = $561
Less Bicycle SA insurance excess of $50
Bicycle SA membership insurance paid $511
Bicycle SA membership provides cover for Non-Medicare Medical Expenses up to 85% of costs to a maximum of $5,000. A $50 excess applies to each injury. $Nil excess applies if you have private health insurance for the expense claimed.
Frequently Asked Questions
Member Accident Insurance
This insurance covers you in the event you are injured whilst participating in bicycle riding
Member Liability Insurance
up to the sum insured where members are legally obliged to pay
compensation to a third party as a result of the member's negligence.
What do I do if I am involved in an incident?
- Do not
admit liability to the third party under any circumstance.
- Complete the
incident report form and return to our office immediately.
- Claim forms will be available Thursday 10 July 2014
- Contact V-Insurance Group on 1300 945 547 or firstname.lastname@example.org with any questions or for assistance.
Download your claim form here.