Cycle Insurance - advice
chris217
Posts: 218
anyone use cycle insurance ?
had experience as to which insurance deal is the most competetive?
more importantly , anyone actually had to make a claim and has feedback on how it went...i.e. did they pay up ??
i dont leave my bike locked up on the street and keep it indoors but may need to leave it outside office in future, any help appreciated .
cheers
had experience as to which insurance deal is the most competetive?
more importantly , anyone actually had to make a claim and has feedback on how it went...i.e. did they pay up ??
i dont leave my bike locked up on the street and keep it indoors but may need to leave it outside office in future, any help appreciated .
cheers
0
Comments
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Specific cycle insurance is pretty expensive.
However, is it covered by your house insurance ?
- shop around though and read the policy small-print, as some insurers will cover any bike, some will only cover bikes upto £300, some require you to declare them as specified items and charge extra premium, some will only cover them in the house/garage/shed, some will cover them outside the home but only if secured with certain high-security locks, etc, etc.
- the insurance comparision websites like moneysupermarket, gocompare, etc aren't much help : they allow you to declare bikes on them, you get really cheap quotes, you click-thru to the insurers' own sites and check the details but the bikes aren't there, you amend to add them on, the price goes up considerably !
- I've seen a number of people recommending M&S home insurance, and yes it just plain covers bikes, inside or outside, no value limits, no need to declare them as specified items so I've recently switched-over to them0 -
m&s
i just switched to them when my new bike arrived, they were by far the best value
i got the premier contents cover, gives full cover on everything in the home, plus globally while on hols etc.
you must declare any items worth over 4000 quid, so i listed my posh bike, cover is unlimited
i had to read the policy details a few times before i believed it, very few exclusions, none that mattered
excellent service too...
my policy started 7th october, a car took me out on the 9th, caused around1500 quid damage to my posh bike and helmet/clothes
it was the first time in my life i claimed on contents insurance, i was expecting a long/fiddly process, especially as i only just switched to m&s 2 days earlier
but it was hassle-free to claim, a few calls, sent some pictures of damage
the claim was settled in 3 working days
cannot recommend them enough!my bike - faster than god's and twice as shiny0 -
+1 M & S. Cover is actually provided by AXA.
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That's a fantastic shout for M&S cover. Just been online and arranged cover in 5 minutes, and in the process saved £15 per month - which didn't even include cover for my bike at full value!
I've been too complacent with this for years, so thanks for the tip guys.0 -
Yes, swapped to M&S this week, we have 9 bikes worth about £8000 in total. It would have cost about £800 per year to insure on dedicated cycle insurance - if you could (Cycleguard won't insure a total value above £5k for example). (My group 19 car cost only £400pa!).
M&S Premium policy building and contents, with anywhere worldwide extension, accidental damage included, any number of bikes up to £4k each, no specification on locks or storage (other than take reasonable care), cost £372 for the year with a £50 excess, protected no-claims bonus, free £30 cashback via Quidco, free installments (Cycleguard charge 29%apr), and beat the current buildings and contents insurer that covered only 1 bike to £500, by £230! This is on a house in a city postcode with quite a bad bike theft and house burglary problem.
What with the claims experiences reported this has to be the insurance deal of the century!0 -
Thats a great bit of advice and sounds like M & S get the vote.
fantastic cheers0 -
+1 for M&S
I went with them 2 months ago got the premier cover and contents away from home cover.
Good job I did as I drove under a low barrier with my 3 month old Allez Elite on my roof bars! Wasn't even sure this would be covered but phoned them anyway and 2 weeks later got a brand new bike delivered from their approved supplier (Wheelies).
You don't know how good insurance is until you have to claim, this was my first ever insurance claim and I was well impressed.0 -
+1 M & S
- 100 For dedicated cycle insurance - I checked the policywording for cycleguard - I think - and there were that many exclusions - you would never have a valid claim.0 -
My household insurance covers it ... I just needed to list them ... and I checked that it was covered if I was mugged fro my bike too ... they said yes ... as long as it's locked up when unattended, it's covered as far as I understood ...0
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TipsterStu wrote:My household insurance covers it ... I just needed to list them ...
But M & S household insurance will insure bikes each up to a £4k value without being seperately listed. 0 -
+1 for M&S - & I've made a claim.
They contract out the bike stuff to a company called Wheelies who know what they're talking about but are a bit rubbish at reading e-mails - had to chase them a few times - but nothing serious.0 -
+1 for M&S but -1000 for wheelies they are worse than useless.
I had 3 bikes worth £9k stolen in July and as 2 of the 3 were custom builds I had to deal with wheelies to cost the replacement spec and they were rubbish. I emailed them my own spec sheets early on and they acknowledged that they'd got them and that they'd have a valuation ready in 24hours.......3 weeks later I was still getting phone calls from them asking for specs even though they'd already had them. Eventually they came up with some rubbish replacements offer which I declined and got the money instead.'Hello to Jason Isaacs'0 -
I am with AA, who cover my for no extra cost on £6500 worth of kit in the shed.
I have just got off the phone to add another £2k bike on, and the charge was only £15 for the admin of doing it, no extra premium charge!0
