Bike insurance

KulaBen

Hello,

Following a recent nocturnal visit by some lowlife that relieved me of three bikes I am considering insurance options. Do I put them on the home insurance, or go with something independent? I've had a look at the CTC insurance, but they were quoting £400, which is about what I pay for my car!

Any recommendations?

(no longer with Kula) Ben

Aggieboy

The Hubster's already been on the case. http://www.bikeradar.com/forums/viewtopic.php?t=12727766

Slow Downcp

House insurance is always the cheapest option - mine includes cover FOC for as many bikes as I like upto £3k each without having to list them as specific items. Includes accidental damage, and no lock restrictions - as long as it's locked to something when I leave it I'm covered so I just carry a light cheap cable lock

gregster10217

There has been a few threads on this subject, but I cannot recommend M&S Home Insurance enough, although I've not had to use them - fortunately, but others on here have.
Bike cover included as standard, incl. away from home and abroad, but not racing, and each bike is covered up to £4,000.

MattC59

It depends on the value of your bikes, but it appears that adding it to your home insurance is generally the cheapest option.

I have home insurance with Aviva and I've got four bikes insured with them. The most expensive being about £2.4k. they have a limit of £2.5k per bike. They don't classify it as bike insurance, it's personal possesions, but for a small addition to the premium, they cover them away from the home, both UK and abroad, as long as I don't leave them unlocked.

My house insurance is £36 per month, covering the four bikes and everything I own. Can't bee too bad

Get a garage alarm from B&Q too, I've got one of these:
http://www.diy.com/diy/jsp/bq/nav.jsp?action=detail&fh_secondid=10647503&fh_view_size=150&fh_start_index=0&fh_location=%2f%2fcatalog01%2fen_GB&fh_search=alarm&fh_eds=%c3%9f&fh_refview=search&ts=1286097876468&isSearch=true
When it goes off, it's so loud that it's actually painful to be in the garage. Only £19.98 as well !

mrushton

gregster10217 wrote:

There has been a few threads on this subject, but I cannot recommend M&S Home Insurance enough, although I've not had to use them - fortunately, but others on here have.
Bike cover included as standard, incl. away from home and abroad, but not racing, and each bike is covered up to £4,000.

Do you have to specify each bike or just the £4k> one? I could have 100 bikes worth £1500 each and the insurer wouldn't be pleased to get a bill for £150k

Pretre

mrushton wrote:

Do you have to specify each bike or just the £4k> one? I could have 100 bikes worth £1500 each and the insurer wouldn't be pleased to get a bill for £150k

M&S don't cover bikes - they cover single items up to 4k. This can be bikes, stereos, paintings, books, or anything else you feel like having in your house.

If you have lots of bikes all worth less than 4k & they were all stolen/damaged at the same time then I would think that could be a bit of an issue so I would give them a call/mail & ask.

M&S really are good - I claimed for just under 4k for a crashed bike a few months back & they sorted it out really quickly. They sub-contract out the bike stuff to a firm called Wheelies & , apart from being a bit rubbish at reading e-mails unless your ring them to say you've sent one. they are really knowledgeable.

J273

Pretre wrote:

mrushton wrote:

Do you have to specify each bike or just the £4k> one? I could have 100 bikes worth £1500 each and the insurer wouldn't be pleased to get a bill for £150k

M&S don't cover bikes - they cover single items up to 4k. This can be bikes, stereos, paintings, books, or anything else you feel like having in your house.

If you have lots of bikes all worth less than 4k & they were all stolen/damaged at the same time then I would think that could be a bit of an issue so I would give them a call/mail & ask.

M&S really are good - I claimed for just under 4k for a crashed bike a few months back & they sorted it out really quickly. They sub-contract out the bike stuff to a firm called Wheelies & , apart from being a bit rubbish at reading e-mails unless your ring them to say you've sent one. they are really knowledgeable.

Im switching over to M&S Tomorrow.

Do you have to take out the premium cover for coverage away from home aswell as accidental damage?

or are both of them coverd in the standard cover?

Many thanks

pneumatic

J273 wrote:

[M&S really are good - I claimed for just under 4k for a crashed bike a few months back & they sorted it out really quickly. They sub-contract out the bike stuff to a firm called Wheelies & , apart from being a bit rubbish at reading e-mails unless your ring them to say you've sent one. they are really knowledgeable.

Im switching over to M&S Tomorrow.

Hmmm... I am right in the middle of a house insurance claim with them at the moment (flooding in a bathroom) and the process has been appalling. They subcontract all claims investigation to third party companies and the people doing ours are barely human, let alone competent. As of today, having encouraged us to rip our bathroom out, they are trying to disallow the claim, but can't explain why. Said they would phone back. Haven't. That sort of thing. It's doing my head in.

Sorry to pee on the fireworks about M&S. Like many others on here, I only signed up because of the bikes, and am beginning to regret it.


EDIT: in the interest of fairness, I should say that I have now sorted the situation out with M&S directly. My advice would be: talk to the organ grinder every time.