Multi bike insurance

Uncle B
Uncle B Posts: 25
edited March 2011 in Road beginners
it seems that as the cycling bug gets worse, our family fleet of bikes gets bigger! Our house insurance "will" cover them, but they seem a bit shocked about it all. I've gone on some cycle specific sites and they seem to either dislike the number of bikes or the total value!

One site would only cover half the value and wanted more than our house insurance to simply cover for theft!

Any suggestions on who might be more sympathetic & who I should try?

Comments

  • furrag
    furrag Posts: 481
    I've had the same problem, wanting to ensure 5 bikes, and I want to add a crossbike to the fleet next winter. Our home insurance company rejected, owing to the sheer price. They recommended taking out a policy on them which was quoting mega monies.

    MarksandSpencers contents insurance covers it all without a special policy, including insurance away from home. They ask whether you have a collection worth more than £4000, but apparently this is per bike, and not the total cost of all of your bikes. Worked out at something like £235 for buildings and contents which covered the bikes.
  • harkmeadow
    harkmeadow Posts: 193
    Try M&S House insurance. They insure single bikes upto 4k on the std insurance. Cant fault the service either when i had a claim for accidental damage on one.
  • hugo15
    hugo15 Posts: 1,101
    Another M&S customer here. It's very good if you have a fleet as each bike is covered up to £4k without having to list it.
  • Lillywhite
    Lillywhite Posts: 742
    +1 M&S Home Insurance Policy. The cover is actually provided by AXA Insurance on their behalf. No brainer for cycle cover.
  • bianchimoon
    bianchimoon Posts: 3,942
    wow! - thanks everyone who mentioned the M&S insurance, just got a quote for them, far better than previous company, who wouldn't insure bikes over £1k without a policy that cost more than M&S to do entire house and 5 bikes :D
    All lies and jest..still a man hears what he wants to hear and disregards the rest....
  • Tim Merc
    Tim Merc Posts: 11
    Just wondering, would that include cover for racing or organisedevents e.g sportifs?
  • bianchimoon
    bianchimoon Posts: 3,942
    Tim Merc wrote:
    Just wondering, would that include cover for racing or organisedevents e.g sportifs?
    Surely any crash / accident on a sportive/race happened just outside your house on a normal ride? :wink:
    All lies and jest..still a man hears what he wants to hear and disregards the rest....
  • AndyF16
    AndyF16 Posts: 506
    hugo15 wrote:
    Another M&S customer here. It's very good if you have a fleet as each bike is covered up to £4k without having to list it.

    i'm a bit dubious given their wording - if 3 bikes totalling £8k got stolen, would they definitely not class that as a collection and limit it to £4k claim?
    2011 Bianchi D2 Cavaria in celeste (of course!)
    2011 Enigma Echo 57cm in naked Ti
    2009 Orange G2 19" in, erm orange
  • sungod
    sungod Posts: 16,859
    +1 m&s

    i have two bikes, value of one was way over 4k, but as long as you tell them up front there's no issue

    i got the 'premier' cover, means everything covered, worldwide, so taking bikes, laptops etc. on holiday is fine

    just a couple of days after taking out the policy a car left me sliding along the road, driver never stopped

    m&s settled up in four business days, covered all the damage to bike and clothes, over 2k total

    it was the first time i ever claimed on insurance, i was expecting a grilling, instead i got fast and efficient service, really cannot recommend them enough
    my bike - faster than god's and twice as shiny
  • Headhuunter
    Headhuunter Posts: 6,494
    M&S does not automatically cover your bikes (and other stuff) away from home though, you have to specify that and it ramps the cost up...
    Do not write below this line. Office use only.
  • JohnBoyUK
    JohnBoyUK Posts: 206
    MORE TH<N are appear to be very good. Never had to make a claim with them though, having said that :)
  • alfablue
    alfablue Posts: 8,497
    M&S does not automatically cover your bikes (and other stuff) away from home though, you have to specify that and it ramps the cost up...
    The cost is still very good, my cover is worldwide and the premium for building and contents is still only £33 per month. I have 9 bikes.
  • sungod
    sungod Posts: 16,859
    M&S does not automatically cover your bikes (and other stuff) away from home though, you have to specify that and it ramps the cost up...

    it does if you buy 'premier' cover, which is what i said

    you only have to declare items/collections over 4k, which is what i said

    as for ramping up cost, m&s premium with the bikes was only a few quid more than hsbc without, and was by far the cheapest of every other insurer i tried, most bike-only premiums were more than m&s bikes+unlimited contents!
    my bike - faster than god's and twice as shiny
  • Headhuunter
    Headhuunter Posts: 6,494
    sungod wrote:
    M&S does not automatically cover your bikes (and other stuff) away from home though, you have to specify that and it ramps the cost up...

    it does if you buy 'premier' cover, which is what i said

    you only have to declare items/collections over 4k, which is what i said

    as for ramping up cost, m&s premium with the bikes was only a few quid more than hsbc without, and was by far the cheapest of every other insurer i tried, most bike-only premiums were more than m&s bikes+unlimited contents!

    Yeah I just went for standard cover with "away from home" extra, it was the cheapest option. To be honest I didn't shop around much. Had heard that M&S was the best for people with bikes but intended to look around and then the basement flat in our bldg got burgled so I rushed out and got M&S cover, just in case!
    Do not write below this line. Office use only.
  • schlepcycling
    schlepcycling Posts: 1,614
    I used M&S too, unfortunately I had my 3 best bikes valued at £10k stolen last year. My home insurance is due for renewal at the end of this month (March 2011) and M&S have now said that they won't insure my replacement bikes for more than £1k each, instead of their usual £4k per bike and they've made other conditions like where and how they must be stored and secured even to get the £1k per bike cover (again something else they don't stipulate in their 'normal' policy wording. When I asked if I could include my bikes as specific high value items on the renewal policy they said no, the max they would offer me is £1k per bike. Looks like I'm going to have to try elsewhere.
    'Hello to Jason Isaacs'
  • ilm_zero7
    ilm_zero7 Posts: 2,213
    just got a great deal from sainsburys for buildings, contents and bikes - all 3 insured adding just £75 to the year's premium
    http://veloviewer.com/SigImage.php?a=3370a&r=3&c=5&u=M&g=p&f=abcdefghij&z=a.png
    Wiliers: Cento Uno/Superleggera R and Zero 7. Bianchi Infinito CV and Oltre XR2
  • My bikes were stolen last march from my garage. The value of the claim was over 6k. I am insured by m&s premier cover. The bikes and all parts were replaced in less than one week. The 4k covers each item, so the Garmin, exposure lights etc were all insured as well up to 4k even though they are on the bike.

    I believe if the items are at home there is no limited to value, but I may be wrong.

    Wheelie Uk valued the bikes, all I had to do was list the parts on my bikes. Both were mostly custom.

    The result is now I have a £250 excess on all items in the garage, hardly that big a deal,

    The money can be taken as a cheque minus an amour that m & s would save or spent at wheelies on any items you like.

    All,in a top service