Bike Insurance

photogod
photogod Posts: 9
edited March 2010 in MTB general
How do you guys Insure your Bikes? Does anyone use household insurance or do you use specialist bike insurers? If so can you recommend anyone. Are there any companies to avoid, any info would be great. What sort of money are we talking for annual premium for a £1K bike?
Cheers

Comments

  • specialeyes
    specialeyes Posts: 542
    I havent looked into stand alone bike insurance but when my house insurance came up for renewal and they tried to charge me more than double, i decided to look around and eventualy went with MORE THAN for building and contents and my bike is insured up to a grand @ home or out and about. £22 per month. Dont know if thats a good deal buts its a good deal less than i was paying! Lol!
    Hardrock Sport Disc

    Cotic bfe
  • specialeyes
    specialeyes Posts: 542
    I should have pointed out that its only covered for theft and not accidental damage. Its also covered for 60 days if you take it on holiday! And i would have no knowledge of how easy it is to get paid out (touch wood) :wink:
    Hardrock Sport Disc

    Cotic bfe
  • bails87
    bails87 Posts: 12,998
    We're with MoreThan too, can't remember the price, just a few quid extra on top of the standard household insurance for a £1k HT kept in the garage. Unlike with the bike insurers it's treated like any other household item. They wouldn't expect you to have ground anchors and motorbike chains to keep your TV stereo safe, it's the same with the bike. As long as it's behind a locked door, it's covered. Also, if I'm out I can lock it with ANY lock, and again, if it's taken it'll be replaced.
    MTB/CX

    "As I said last time, it won't happen again."
  • ed_arnold
    ed_arnold Posts: 65
    Same here - I'm with MoreThan. Insured for 1K, few extra quid a month with a £25 excess if it's taken. Covered if it's locked to something or behind a locked door.
    Not sure what happens if you get just your wheels nicked when the frame is locked to something, but here's hoping that never comes up! :shock:

    MoreThan are pretty good on paper, as they let me insure all sorts of extra stuff including an iPhone against accidental damage without charging too much. I doubt accidental cover applies to the bike. I wonder if, after snapping something important, you could then lock your bike up somewhere public and claim that some guy in a hood came along and did it for no good reason? :twisted: Let's face it, it's not that hard to imagine...
    Just brush the mud off first, and maybe get changed out of your trail clothes.
  • mkf
    mkf Posts: 242
    AA are the people to go with. i'v just insured my two bikes one for 1600 already included in the policy no extra charge.
    other bike 2500 £65 for the year £50 excess and accidental damage, both new for old and anywhere in europe.
    their the don
  • Briggo
    Briggo Posts: 3,537
    As said in previous threads, Marks & Spencers.

    They will cover bikes upto £4k for no additional cost, so if you got several high value they're a good choice.
  • photogod
    photogod Posts: 9
    AA sounds pretty good especialy with the accidental damage & the Euro Cover. I'm pretty sure my household will cover theft from home but not sure at this moment if it covers away from home, I will have to enquire.
    Thanks for everyones feedback, much appreciated.
  • angry_bird
    angry_bird Posts: 3,787
    We got home insurance from direct line, just got an extra bike add on thing for £36 per year, £4k worth of cover, covered with no excess for theft worldwide as long as its either secured in a shed/garage/building or to something immovable, and theres cover for accidental damage, not sure how good they are when it comes to paying out though seeing as I've been lucky so far :)
    Angry Bird's offroad bikes
    Winter
    Racey
    Special Favourite

    If in doubt, blame Wiggle.
  • deebizzle
    deebizzle Posts: 46
    My home insurance took the proverbial with their latest quote for my bike so I ended up getting "stand alone" bike insurance with these guys... http://www.eandl.co.uk/leisure-and-life ... -insurance .

    A reasonable price and I think they're doing a deal that if you go for the monthly payment offer you get free legal and accident liability cover as well for the first year...
  • gonga
    gonga Posts: 225
    deebizzle wrote:
    My home insurance took the proverbial with their latest quote for my bike so I ended up getting "stand alone" bike insurance with these guys... http://www.eandl.co.uk/leisure-and-life ... -insurance .

    A reasonable price and I think they're doing a deal that if you go for the monthly payment offer you get free legal and accident liability cover as well for the first year...


    I got a quote for £120 to insure my ride from e and l,along with a list as long as your arm on the conditions.

    Got a quote from the aa for home and contents with my bike specified for £220.
    not too bad although im not 100% sure what the conditions are :D
  • clwydian_rider92
    clwydian_rider92 Posts: 416
    I did a quick quote the other night for a HT hardtail for whn i go to uni. Cheapest I got was £77 per year or about £85 altogether paying monthly. Just type in on google and search a couple of websites.
    Giant XTC SE 2006
    Cube LTD Race 2009
    Trek Fuel EX 9

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