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For whatever reason, not a single insurance company here in Finland offers proper bike insurance. This has been confirmed with all big insurance companies. Basic home insurance will cover it if your bike gets wrecked on your way to the store or on an errand at town, but if you have your lycra on and are "training for a specific event or a race", then they won't cover anything. There's a specific race insurance here but that pertains to only damages to yourself, not to your bikes. 
Not that I care too much, insurance isn't worth it mostly, but it's still a big talking point here among hobbyists.