Home Insurance with bike cover

Wirral_paul

Hi all

Just looking for recommendations for Contents Only insurance for the home. I move next week (to a house right on the beach front 8) ) and would like to cover my two bikes £3000 and £1500 if possible.

Any suggestions? Just tried Marks & Sparks so far.

Ta

danlikesbikes

M&S seem like the best to include the bikes when you look at the cover they give - you could always try a standalone policy for the bikes though as there are a few companies that specialise and then just do your home insurance with the cheapest one

g00se

Another one for M&S. A lot cheaper than bike-specific policies and seems just as comprehensive.

Wirral_paul

Thanks guys. Looks like they are going to be favourite then - i'd heard they are good for covering bikes. Just having a look at the level of cover now - see what and where they are covered.

fludey

Got mine all through Sainsburys, covered away from the house as well...worth a call..even got my car with them

Wirral_paul

fludey wrote:

Got mine all through Sainsburys, covered away from the house as well...worth a call..even got my car with them

Cheers for that. Online is showing £5pm cheaper for what initially looks like the same level of cover (Premier Cover - with all the extras like accidental damage etc). Will read through all the terms tomorrow - check for theft / accidental damage cover etc

lemoncurd

M&S.

Their mango is good as well.

daviesee

Watch out with M&S. They have changed their terms & conditions.
From their website Premier Policy Summary:-
"Pedal cycles - Up to £1000 per cycle unless specified on your Policy Schedule."

It used to be unspecified. I don't know if there is any cost differential on listed cycles.
I will find out in April
Otherwise it was superb! Which is why I took it out in the first place.
Be sure to take the away from home option though.

Wirral_paul

I've been going through all the options and as both my bikes are way over £1k worth, had added them as specified items. Adding £500 to the value of the bike is adding £2 pm for me. Adding Away From Home option adds £5pm. Total is around £30 - £35pm so seems great value considering bikes are pretty comprehensively covered home and away

I'm going to add up the replacement price of my posh bike (somewhere around £3.5k i recon) before committing. Its a week until I move anyway.

Dog Breath

My current cover is with More Than which covers all my bikes including a £3K MTB.

Not sure sure how it currently compares to M&S but will check before next renewal in September,

carl_p

You will have to pay more with M&S to get cover over £1k. They also exclude theft unless in a locked building or attached to a permanent structure - bear that in mind on your 'cake stops'.

I can't see any exclusions surrounding accidental damage whilst racing and the like, but don't take my word for it so might be worth checking.

guity

NFU are good and seem to add very little for specified items, and they dont charge you admin fees when you phone up to change things.

g00se

Nearly all insurance's small print requires a bike to be locked to a fixed structure when out of the house, often with an approved lock - and when at home, if it's not locked inside the house or garage, it needs to be in an outbuilding with specific lock standards and secured inside this using a ground anchor! Seriously, always check the small print you may need to ask for it specifically. I had to with LV - the standard online details were not specific enough.

M&S seemed to have the least number of restrictions as bikes were covered under posessions - might be different with the names £1000+ bike clause now though.

Velonutter

I switched this year from Barclays to M&S insurance, this week I wanted to check cover for a trip to Majorca in April, they confirmed that I have unlimited cover for any number of bikes up to a maximum of £4000 each, when I asked them to quote for my LOOK which I reckon the replacement costs new will be over £5K they quoted me an extra £109.

I said to them that I would take the risk and only insure it as standard up to £4K, to which they replied that now I had advised them of the value, that I had to accept the revision or it wouldn't be insured, bit miffed at that.

Wirral_paul

Dog Breath wrote:

My current cover is with More Than which covers all my bikes including a £3K MTB.

Not sure sure how it currently compares to M&S but will check before next renewal in September,

I'm with More Than at the moment but on the policy schedule from the renewal 2 weeks ago, despite two bikes being declared at £3000 and £2000 (both show as £2055!!), it quotes a limit of £1500 per bike for Bicycles Outside My Home. Not too happy with that.

Wirral_paul

Carl_P wrote:

You will have to pay more with M&S to get cover over £1k. They also exclude theft unless in a locked building or attached to a permanent structure - bear that in mind on your 'cake stops'.

I can't see any exclusions surrounding accidental damage whilst racing and the like, but don't take my word for it so might be worth checking.

From the policy document - not covered:-

"• Pedal cycles
Loss or damage
a) to any pedal cycle worth over £1,000 unless it has been specified in your Policy Schedule
b) to tyres and accessories unless the pedal cycle is lost or damaged at the same time
c) by theft of any unattended pedal cycle, unless in a locked building or secured by a suitable locking device to a permanent structure or a motor vehicle.
d) while being used for racing, pacemaking or trials."

Well i dont race - sportives and club runs only so thats that covered. Also, the theft part seems pretty common sense really - just need to confirm what is considered as a "suitable locking device" as i carry a small laptop cable lock with me for general use outside the cafe. I guess it will be a "proper recognised bike lock"

NWLondoner

Also be aware that M&S is bloody fussy regarding the construction of your building.

I live in a brand new housing development and M&S will NOT insure me because of my wall and roof construction!!!

andrewjoseph

I asked lots of questions before I changed to M&S last year. I was assured bikes would be covered in outside shed as long as it was lockable. No specific locks required. When away from home bike has to be locked to an immovable object, this was not specified but I was told that trees, fence posts and the like would be fine.

Maximum amount for any one item in household was £5000.

The whole deal came out much cheaper than my existing policy, so much so that I canceled mid term to take out the M&S one.

Looks like I'll have to check T+C before I renew.

upstart

+1 for M&S. my sons bike was stolen from outside of a friends house last year. he was riding its replacement less than two weeks later.

hugo15

I've just had my M&S renewal through. I rang the call centre today and the very helpful lady explained that they now hove two different policies. For existing customers the terms are as they were, i.e. don't need to list items below £4k and unlimited cover. The terms for new policies are somewhat different in that the cover is now limited and you have to list bikes valued at over £1k.