HELP insurance?

Muttly1981
Muttly1981 Posts: 815
edited February 2011 in MTB general
Hey all I'm in need of help, I recently bought a new bike and am struggling to find insurance cheaper than £25 a month. My hardtail is covered on the house insurance £18 for the year but because of the value is 2k they won't touch it £18 a year - £25 a month seems like a big rise to me.
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Comments

  • stu8975
    stu8975 Posts: 1,334
    Fairly normal for a separate policy...its approx £50 per month for me if I insured it.

    Your cover via house insurance is only for the house...if you go to local shops and the bike goes missing whilst you're inside....you are up a creek without a paddle.

    Separate cover is for pretty much any location the bike is stored (and properly secured) and normally covers theft/accidental damage.

    Now I'm not saying anyone would falsely claim for accidental damage whilst out riding in order to get some new bits, but I'd say its part of the reason it's expensive to insure on a individual bike policy.
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  • sniper68
    sniper68 Posts: 2,910
    edited February 2011
    My bike(£2.5K) is covered home and away/anywhere for an extra £6 a month on the house insurance as a named item.
    Marks&Spenser cover bikes up to £4.5k for free but not sure on their T&C's but a lot of people use them.
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  • jeremyrundle
    jeremyrundle Posts: 1,014
    £25 a months C&^p

    CTC website

    I have insured three bikes £1,600, £700, £600 total £210

    This also offers NO minimum claim and you do NOT have to find the first £50 or £100
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  • Deputy Dawg
    Deputy Dawg Posts: 428
    stu8975 wrote:
    Fairly normal for a separate policy...its approx £50 per month for me if I insured it.

    Your cover via house insurance is only for the house...if you go to local shops and the bike goes missing whilst you're inside....you are up a creek without a paddle.

    Separate cover is for pretty much any location the bike is stored (and properly secured) and normally covers theft/accidental damage.

    Now I'm not saying anyone would falsely claim for accidental damage whilst out riding in order to get some new bits, but I'd say its part of the reason it's expensive to insure on a individual bike policy.

    Your wrong mate. I had a bike nicked while I was out & the only thing my house insurance were concerned about was if I'd locked it to an immovable object.

    Separate insurance might also carry some public indemnity putting the price up a bit.

    Have you tried calling your house insurance guys to see if they'd be willing to up the price of payout if the worst was to happen? Your premiums would most likely go up a bit.
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