bike insurance advice needed please

oscar-j

hi,can anyone recommend a good company for bike insurance please?
never had bike ins before so don't really know what to expect price wise.just want insurance against theft and crashing!
thanks in advance

optimisticbiker

check your household policy or ask them about cover...its often a lot cheaper than specialist bike insurance.

There aren't too many companies offering good full cover bike insurance - both CTC and BC offer members 3rd party liability cover. Do a search, there was a recent thread in Commuting forum on exactly this subject

alfablue

I pay £33 pcm, home (building) and contents cover, M&S Premium Policy which adds accidental damage and cover for personal items including bikes, at home and worldwide, with a limit of £4000 per bike. Bikes don't need to be specified and there are no requirements regarding storage or locks (other than the general requirement to take reasonable care).

People on here who have claimed have reported prompt and efficient settlement wiithin days.

I couldn't fine dedicated bike insurance to cover my 9 bikes to this level (most balked at 5 bikes), if I had the premium would be likely to be 10% of the bikes value, so maybe £1000 p.a.!!! Dedicated bike insurance is generally far too expensive to be worthwhile, get M&S and join the CTC for 3rd party cover.

MichaelW

I am dubiuos about the value of specialist bike insurance for everyday commuting bikes. The rule of thumb is to insure the losses that you can't bear. If you can keep a small pot of cash for emergency bike replacement then you dont need to pay up each year for insurance and after about 10 years you have saved the amount in your pot.

Insurance for loss from the house or shed is OK, it comes with household insurance. 3rd party insurance is essential, you cant afford to pay out for major claims against you.

Lillywhite

alfablue wrote:

I couldn't fine dedicated bike insurance to cover my 9 bikes to this level (most balked at 5 bikes), if I had the premium would be likely to be 10% of the bikes value, so maybe £1000 p.a.!!! Dedicated bike insurance is generally far too expensive to be worthwhile, get M&S and join the CTC for 3rd party cover.

I agree entirely. M&S, premium cover or otherwise as part of your household contents insurance is all that you need.

sungod

another vote for m&s premium

i've claimed for bike damage, m&s paid in three working days, good service