Bike insurance. Which one? Your advices please.

denispearl

Hello.
Got merlin malt 4 with new reba team, xt, xtr and all this beautifull stuff. Worth around 1300£. Obviously I want to protect mine investment. Was trying to get some quotes but seems that it takes more time than I expected.
Could You please advice me which insurer is better with lage number of options, please and not expencive tho. I want to get my money back in case the bike stolen from my property(flat) and if somebody will get it during ride I mean some kind of possible assult at me during ride(hope it wouldnt happen). I know insurance covering theft from the street, so would be nice to have that option as well. Also how can I prove cost of the bike. I did build this bike in parts and some receipts are gone. Would it be enough just to say to company that my bike cost £1300?
THank you very much in advance!!!
Den

Andy B

M&S home insurance has very good bike cover (upto £4k value I think) and you don't have to name the bikes on the policy. You may have to provide proof of purchase/value if they're stolen though.

You say you want good cover, but cheap, well good cover isn't usually cheap.

Avoid E&L insurance, they are shite

denispearl

Andy_B wrote:

M&S home insurance has very good bike cover (upto £4k value I think) and you don't have to name the bikes on the policy. You may have to provide proof of purchase/value if they're stolen though.

You say you want good cover, but cheap, well good cover isn't usually cheap.

Avoid E&L insurance, they are shite

Ok. Thanks. I am with zurich car insurance atm, would it help?
As I said I havent got all receipts to show. Ive got receipt for forks only. Half of Stuff been bought off ebay, from ordinary sellers. Some from Merlin shop. Any chance to claim without receipts? I know, sound rudiculous but here were are. Otherewise no point to isure if ill not be able to provide any receipts in case of cleim.
Any recommendations?
Thanks

nicklouse

you will need to get a valuation from a shop on headed paper etc..

denispearl

nicklouse wrote:

you will need to get a valuation from a shop on headed paper etc..

What u mean? Shell I just go to any nearest bikeshop and get evaluation from them???

nicklouse

if that is what the insurance company asks for. And you will have to pay for a valuation.

talk to the insurance companies and find out what the need to cover you with a self built bike.

But no receipts and no valuation and you are on a losing footing straight off.

denispearl

nicklouse wrote:

if that is what the insurance company asks for. And you will have to pay for a valuation.

talk to the insurance companies and find out what the need to cover you with a self built bike.

But no receipts and no valuation and you are on a losing footing straight off.

Thanks for advice. Ill see my bike shop soon as well so will ask. Ensurers will be asked too.

Tim.s

Try Cycleguard, they will insure self builds and second hand stuff no questions asked. All you need is a picture of yourself with the bike and any receipts or proof of purchase you may have. They will definatly cover you if you are mugged, I specifically asked that question when I insured mine.

Should be about £10-12 a month for a £1300 bike. Its new for old so you would need to choose a suitable replacement should the dreaded happen and insure your bike for that amount, I just got the bike shop to give me a quote for the 2009 version of mine.

toontra

I think it depends on how many bikes you have. If it's just the one then specific bike insurance may be OK, but if you have 2 or more £1000+ bikes then it is way cheaper to go the household insurance route.

I save d £350 this year by switching from ETA cycle specific insurance on my 3 bikes to a M&S household policy. That's damn near the price of the average bike!

Oh, and the M&S policy has far fewer restrictions in terms of gold-approved locks, etc.

Daz555

Adding my bike onto my home insurance only cost a couple of quid extra a month.

denispearl

Daz555 wrote:

Adding my bike onto my home insurance only cost a couple of quid extra a month.

HAvent got home insurance. U see? I mean Ive bought a flat from West and Wales in Cardiff, so we paying insurance all together with maintenance and managerial costs. Dont think I can ad something to this policy.
Ive got one bike only.
But what I am going to do is conatct my bike shop and insurers.
Thanks

Mr Wu

cycleguard do breakdown cover too.

They (apparently) pick you up from where youve broken down and take you to the nearest bike shop or train station or back to your car.

denispearl

Mr Wu wrote:

cycleguard do breakdown cover too.

They (apparently) pick you up from where youve broken down and take you to the nearest bike shop or train station or back to your car.

Even in the middle of Welsh vallies?? How long should I wait for them? A week? lol

Mr Wu

Yeah I asked them the same thing. I think its listed as "roadside" recovery