Bike Insurance

ramonzarate

looking at insuring my 2 bikes as if they get nicked i would struggle to repalce them and obviously dont need that to happen!!

any recommendations or success stories?

not bothered if they replace the bikes like for like or give cash.

sure there must be threads covering this but cant seem to get to grips with the search facility!! :?

Stoo61

Ive just signed upto EandL cycle insurance, £56 a year for 3 years I think it is for my £790 bike. Seems very reasonable.

I think its important because I have had some ridiculously expensive lessons to learn so far in life and DO NOT want to lose this bike without being reimbursed. Having said that I wont be leaving out anywhere.

PixelMix

I was thinking about insurance too, but it seems like a waste of money for me as policy small print means that I don't think any policies will cover my bike:

(a) on the communal landing in my block of flats (where it is pretty secure thanks to friendly, nosey old neighbours, a quiet neighbourhood and a secure external door that closes itself)

OR

(b) when it is on the boot rack on the back of my car.

If I'm not covered in either of these locations, I don't see much point in getting cover. Anyone found a policy with less limitations?

pilsburypie

Don't know if some of you are home owners, but my bikes are covered on my household insurance. Maximum of £1500 for any item covered anywhere in the world as long as you take reasonable security measures. Also covers me for accidental damage. Came in very useful when I totalled my bike by driving my car with the bike roof mounted into a height restricted car park.... :oops:

canada16

All and I mean All

Home insurance providers will cover bikes, but if they usually go over 500.00 they ask you to specify.

I have mine up to 1500.00 worth of cover as long as its locked to a secure thing in the ground and cant be moved.

bells0

Looking to sort insurance for my Trek too - more so as my sister got burgled over Xmas [took tv, cash, jewellery and took off in her car too!].

Was worried that a claim on house insurance would affect further renewals. There isn't much choice in the bike specific market though.

And i really dont want to have to chain it down as it sits in the hall at the mo.

Live in a good area, but am tempting fate at the mo not having it insured.

ramonzarate

have just rang my insurance provider (Legal and General) and they will cover me for £8 a month til my renewal in April so ive taken that.

insured the bike for the RRP (£1900) and its a straight replacement if it goes walkies so im happy with that,needed to get it done quickly so i can stop fretting about it getting nicked and not having any back up.

canada16

Get the home insurance option.

Have you seen the terms on the bike specific ones, they are a con.

They want you to use certain locks which cost a packet, and you need to put your bike in certain locations, and it has to be put on a structure that is made of a certain grade of metal....LOL

Just ask your home insurance provider, I have never heard of one saying no.

We would even cover A 5000.00 bike just as long as we knew were it was left and told the person we dont cover accidental damage as that would be dumb, Oooops scraped my 1000.00 forks, need new ones.. LOL.

PixelMix

Interesting. Sounds like I need to check out my home insurer. Their policy doesn't cover it by default, so I'll see what their terms are like. Good news if they are less onerous than the cycling specific insurers

davree

Stoo61 wrote:

Ive just signed upto EandL cycle insurance, £56 a year for 3 years I think it is for my £790 bike. Seems very reasonable.

I think its important because I have had some ridiculously expensive lessons to learn so far in life and DO NOT want to lose this bike without being reimbursed. Having said that I wont be leaving out anywhere.

Not being funny but I would change to another insurer if I were you, I had my golf stuff covered by E&L until a colleague at work tried to make a claim with them.

They tried to say that they were claiming for equipment higher in value to what they had stolen and wouldn't pay out, when receipts were provided as proof of purchase they still refused the claim.

It took over nine months in the end to get a settlement and even then it wasn't enough to cover the stolen goods!!

I would get them covered under home insurance or a bigger name insurer