Insurance

Garry73

Hi All,

I have recently purchased a new bike, after checking my house insurance I find that it's not fully covered. Max cover £2500, max per cycle £1000. Now my bike cost £2500 and i've spoken to the house insurance company and they will not increase the limits.

I have called a couple of companys and they want almost £300 a year to insure, this is more expensive then both my motorbikes put together. Is mountain bike insurance really this expensive ?

Do other people have the same issue ? who do you use to cover your bike? I only really want cover while locked it the shed as I never leave it unattended while out riding.

Thanks

Garry

Neily03

IIRC I paid about £70 extra to have Covert (valued at £3200) put on my house insurance with esure.

Herbie The Dog

Change insurer if you can.

Sainburys allowed me to add items of value as additional extras. The E120 and the 905 cost an additional £120 per year to add. And they are covered wherever they are left (as long as I use one of the approved locks - which I do).

Plus they sent me a £50 shopping voucher and I get double Nectar points for two years.

spork

Try Marks & Spencer for home insurance.

I've got a policy with them for buildings and contents for £250 a year. They cover any item up to a £3000 value automatically, you don't even have to have it listed on the policy.

Before taking the policy i did check whether they specified locks etc for storing the bike and the reply was along the lines of "as long as you dont leave it unlocked on the front lawn, its covered".

mea00csf

M&S are excellent. Their standard home contents covers individual items to the value of £4000 inc. bikes and you don't need to tell them in advance or get them on an inventory. they also don't impose unwieldy clauses so you can just keep them locked in your shed, you don't need to sink a ground anchor then use an approved (expensive) lock.

They also have an optional extra for away from home cover which meant our bikes were covered when we flew to europe with them, even tho our holiday insurance only covered the act of mountain biking and not the actual bikes.

Whatever you go for, check what the the storage restrictions there are, the last thing you want is think you're covered only to realise the lock on your shed/garage isn't approved

Mr Dog

Is accidental damage included in any of the above plocies? 8)

ali$tair

+1 for M+S, i was in a similar situation with Endsleigh and moved to M+S last month, new policy is less than what stand alone bike insurance would have cost.

Your covered up to £4k for bikes and can include accidental if you wish.

Garry73

I pay the police up front each year, so can't change until next July.

Miggins

www.ilovemybike.co.uk

Briggo

Miggins wrote:

www.ilovemybike.co.uk

Rip off and crap insurer, they would charge me more than my contents insurance which covers the bikes fully and has less stipulations.

M&S all the way.

If you want the liability cover then just get a policy from say CTC, with that its still cheaper than bike specifics.

Miggins

Briggo wrote:

Miggins wrote:

www.ilovemybike.co.uk

Rip off and crap insurer, they would charge me more than my contents insurance which covers the bikes fully and has less stipulations.

Gawd. Here he goes again! The doom and gloom monger!

Garry73, I did alot of research on this and carefully weighed everything up when I took out my insurance (including comparing all the small print of various insurers). These guys (ETA) came up trumps for me. They may or may not for you. But it's a suggestion for you to consider. If I were you, I'd have a look at them. If they suit, then great. If not, well that's another insurer you've ruled out to bring you closer to your final decision, whoever it may be. Don't just go on price alone as the cheapest may not necessarily give you the cover you're after. Good luck with it; it is a bit of a chore, I know.

Briggo

Miggins wrote:

Briggo wrote:

Miggins wrote:

www.ilovemybike.co.uk

Rip off and crap insurer, they would charge me more than my contents insurance which covers the bikes fully and has less stipulations.

Gawd. Here he goes again! The doom and gloom monger!

If you want to pay over the ods for something with not as good cover, sure go for it. M&S certainly isnt cheap for contents insurance, infact its in the middle to high net worth sector so the premium is quite expensive in the contents insurance world, however because the cover is aimed at the mid to high net worth their cover on cycles is extremely good and the claims service from all accounts has been very good, but it, and seperate liability insurance still usually ends up a lot cheaper than cycle specific insurance and other contents insurance.

Not exactly sure how you derive my comment as doom and gloom though, didnt realise I mentioned the world is ending.

Miggins

Briggo wrote:

Not exactly sure how you derive my comment as doom and gloom though, didnt realise I mentioned the world is ending......

Sorry, Briggo. I reckon I've p*ssed you off with that comment. Didn't mean to; just a bit of banter. But we're all here to help. I know this is your opinion which, of course, you're entitled to, but it's not helpful to try and steer the author away from something just because is doesn't suit you - it may suit him; like it does with me.