What happens if the bike gets stolen while I am participating in Cycle Plus before it’s paid for?
If the bike is stolen then you have effectively left the scheme and need to pay all outstanding monies from your net salary. See FAQ: ‘What happens if I leave my job before I’ve finished paying for my bike?’ for more information. It is very important to insure the bike, and any goods fitted to the bike, to safeguard against the losses following theft. You can obtain safety equipment from Cyclescheme’s partnering shops, where you can ask for Home Office-approved ‘Sold Secure’ D-locks and cable locks to conform to insurance companies’ requirements.
