Bike insurance

L33_ETH

Hi all

Wasnt sure where to post this....

Im buying a bike thats gonna be best part of £1700 and would like to get it insured.

Cany anyone recommend any companies that offer theft and accidental damage insurance. Want to be covered for both just in case I bin it and wreck the carbon frame!!

bobtbuilder

I think the consensus from similar threads is that the best option is to add it as a specific item to your home insurance.

M&S insurance is quite well thought of.

Lillywhite

L33_ETH wrote:

Cany anyone recommend any companies that offer theft and accidental damage insurance. Want to be covered for both just in case I bin it and wreck the carbon frame!!

Be prepared to pay in the region of £170 a year to be covered for accidental damage with a company such as CycleGuard.

http://www.cycleguard.co.uk/

+1 to forgo accidental cover and add to home contents insurance with Marks and Spencer.

L33_ETH

are you saying that M&S will cover for accidental damage on their policies?

Lillywhite

L33_ETH wrote:

are you saying that M&S will cover for accidental damage on their policies?

I don't believe so. Accidental damage is the real killer on cycle insurance premiums.
I wouldn't insure a road bike for accidental damage and would be careful.
However, it's up to you.

John.T

I have 2 bikes (total value £4500) isured as special items on my house insurance with Coop Insurance. They are covered for accidental damage except when racing. Cost was about £60 extra. Check with your insurer.

leech

Will have to check out the home contents myself. I was going to go for that cycleguard thing when my new bike turns up... It's expensive though.

I've stil got an issue with having another crash and wanting to rely on the insurance to sort things out for me. Is cycleguard like 'fully comp'?

L33_ETH

Thanks for the replies chaps. Gonna phone house ins tomorrow and see what they say.

oldwelshman

Lillywhite wrote:

L33_ETH wrote:

are you saying that M&S will cover for accidental damage on their policies?

I don't believe so. Accidental damage is the real killer on cycle insurance premiums.
I wouldn't insure a road bike for accidental damage and would be careful.
However, it's up to you.

Not correct.
I have 6 bikes insured at an extra cost of £70 year.
Unfortunately (for insurance company) but fortunately for me, (not injury wise) 13 months ago was paid £2500 for new frame , components, clothes and glasses following bad crash and more recently following a not so bad crash, my bars went into top tube of pinarello prince so about to get bars and levers and new frame.
It is covered as contents which are used away from home.

dgstewart

oldwelshman wrote:

Not correct.
I have 6 bikes insured at an extra cost of £70 year.
Unfortunately (for insurance company) but fortunately for me, (not injury wise) 13 months ago was paid £2500 for new frame , components, clothes and glasses following bad crash and more recently following a not so bad crash, my bars went into top tube of pinarello prince so about to get bars and levers and new frame.
It is covered as contents which are used away from home.

That's my understanding too. I've not long taken out an M&S policy for that reason. They cover any unspecified items up the a value of £4,000. If you select the Premium version this covers full accidental damage, and if you select the "away from home" option then this extends the accidental damage to this.

I don't know the position on racing, but as I don't race it's not an issue for me. I should check out their position on Sportives though, as I do one or two of these.

nitesight

As for Zebediah's post above:

Posted at 3:45 AM.

1st post

Poor English.

Link to a website in signature that he supposedly "recommends".

Zebediah, my I politely suggest you naff off. I'm sure you do a wonderful job making money out of Asbestos victims but this is a cycling forum and next time you google "insurance forum" in order to post adverts for your business please waste someone elses time.

I feel better now......

thebigredone

Just yesterday Evans called me asking if I was renewing the insurance on my 1 year old Trek 4300. I've since bought a £1300 road bike and I asked what the two together would be...£195!!! No thanks.

nicklouse

nitesight wrote:

As for Zebediah's post above:

Posted at 3:45 AM.

1st post

Poor English.

Link to a website in signature that he supposedly "recommends".

Zebediah, my I politely suggest you naff off. I'm sure you do a wonderful job making money out of Asbestos victims but this is a cycling forum and next time you google "insurance forum" in order to post adverts for your business please waste someone elses time.

I feel better now......

and may I suggest that you use the report function if you think something is spam, see the red ! please use it.