Bike Insurance... any suggestions??

Moomaloid

Hey guys just took delivery of my new Focus Cayo and now i'm looking to insure it. Any suggestions on good companies to look at?

:?:

NFMC

I have my bike insured through my home insurance. They were very good when I had it pinched in the summer.

That might be better than paying for a specific policy?

dave5n

Marks and Spencer

daniel_b

dave5n wrote:

Marks and Spencer

Ditto, after seeing a few recommendations on here in fact.

On it's own worked out at about £200, but with the home insurance, only worked out about an extra £40 over the cheapest available, so £40 well spent, and £160 nicely saved.

hugo15

Another +1 for M&S.

geocycle

I agree that home insurance is cheapest option depending on who you are with but check the details (M+S are considered one of the best by most folk on here). It may be worth comparing cover provided with a specialist cycle insurance. I use Environmental Transport Association which works out at about 10% of the bike value. http://www.eta.co.uk/pages/Cycle-Insura ... efault.htm

redddraggon

What sort of things does that sort of thing cover?

Say if I got knocked off my bike and driver/his insurance wouldn't pay and it was his fault, would this sort of insurance pay out?

aracer

redddraggon wrote:

Say if I got knocked off my bike and driver/his insurance wouldn't pay and it was his fault, would this sort of insurance pay out?

If you have damage to your bike they will pay for that - though not for the injuries you can claim from the driver. What many will also do is provide you with legal cover which will pay for your solicitor. Of course if you have a decent case you don't need this anyway, as there are companies who will happily work on a no-win-no-fee basis and get their costs from the other side.

Moomaloid

excuse my dimness, i am a tenant in a friends house... so i'm thinking of getting my own insurance specific for the bike. Does Home insurance cover the bike at times when not in the house? Sorry if thats a dumb question.

Think i'll deffo look into M&S... thanx for the advice guys.

A

APIII

I put my bike on my Halifax home policy. I took a spill while out for a ride one morning and broke my rear carbon wheel. All I had to do was email them a photo of the damage and they ordered a new one for me. Couldn't have been any simpler.

geocycle

Moomaloid: most household insurance would cover the bike if stolen away from the house, provided it was locked to something fixed. But, you have to check the small print very carefully as some require you to use locks of certain standards, others won't cover you between certain hours....or on a tuesday if its raining!!! Some policies offer new for old, others a no claims discount, some include a recovery service, some cover damage while others have a high excess -basically a minefield! Being a tenant you may pay more as some companies perceive the risk to be higher.

APIII That's really useful info. It's not until you need to claim that the quality of the insurance becomes apparent.

elaine dey

I would recommend Marks and Spencer - my last insurance company were quoting about £460 for house contents cover and two bikes worth £3,500. M&S reduced this quotation to £250 which covers house contents, buildings insurance and any bike up to a value of £4,000!!!! You just have to remember to tick the option for bikes covered away from home.