Bike insurance. Which one? Your advices please.
denispearl
Posts: 152
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
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
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Comments
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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 shite0 -
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
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?
Thanks0 -
you will need to get a valuation from a shop on headed paper etc.."Do not follow where the path may lead, Go instead where there is no path, and Leave a Trail."
Parktools :?:SheldonBrown0 -
nicklouse wrote:you will need to get a valuation from a shop on headed paper etc..0
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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."Do not follow where the path may lead, Go instead where there is no path, and Leave a Trail."
Parktools :?:SheldonBrown0 -
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.0 -
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."Didn't hurt"0 -
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.
a serious case of small cogs0 -
Adding my bike onto my home insurance only cost a couple of quid extra a month.You only need two tools: WD40 and Duck Tape.
If it doesn't move and should, use the WD40.
If it shouldn't move and does, use the tape.0 -
Daz555 wrote:Adding my bike onto my home insurance only cost a couple of quid extra a month.
Ive got one bike only.
But what I am going to do is conatct my bike shop and insurers.
Thanks0 -
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.0 -
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.0 -