Sponsored bicycle means a bicycle where:

• a party other than you has contributed (either directly or by way of a discount) towards more than 50% of the recommended retail price of the bicycle, or
• the bicycle has been provided to you under a loan or deferred payment arrangement.

Sponsored cyclist means a cyclist who:

• receives direct or indirect financial support or assistance (excluding clothing and apparel) in excess of $3,000 (measured over any consecutive 12-month period) from another party (excluding a family member) in order to participate, train or otherwise engage in cycling or attend cycling events or compete in cycling races, or
• has entered into and is subject to a cycling sponsorship agreement (written or verbal) with a third party, regardless of whether financial transactions have actually arisen under the agreement, or
• is using a sponsored bicycle at the time of a loss event.

Not eligible for cover:

• Commercial use bicycles for purposes that include courier, food delivery, transport, or bicycle rental/charter schemes (even if the bicycle is used part time for commercial use)
• A person that rides bikes as their primary source of income and is as such classified as a professional cyclist.