Insurance warning as bike thieves target Tory leader
David Cameron has reported his bike stolen for the second time in a year, as insurers prepare for a summer of claims as the recession prompts more people into cycling.
The Tory leader's bike was stolen from near his home less than ten months after he got it back from a previous theft.
Simon Douglas, director of AA Insurance, said: "Mr Cameron has done the right thing by reporting this crime to police. Many cycle thefts go unreported, but doing so is essential for any insurance claim.
"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. Make sure your bike is adequately covered and adequately secured."
According to the British Crime Survey, around 300,000 bikes are stolen every year in England and Wales and only five per cent are returned.
Research for Sainsbury's Home Insurance at the end of 2008 also found that around 3.3 million people (12 per cent of the British workforce) had recently started cycling to work in order to save money.
On average, people believed they were saving £33.70 a week by doing so.
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