Bike insurance (just for place of work)

jordan_217
jordan_217 Posts: 2,580
edited October 2012 in Road buying advice
Hi All,

I need to insure my bike in case of theft from my place of work. I've got a gold rated Abus lock and it'll be secured to purpose built bollards in the car park, so the insurance 'requirements' should be adequately met.

A quick google search has threw up a few companies such as; Velosure, Cycleguard and Pedal Power. So far the online quotes seem surprisingly cheap £55-75 per year.

Can anyone comment on these companies or recommend another company to try for a quote, please. Like most things related to insurance you can't tell how good the policy/provider is until the worst happens and you need to make a claim.......

Thanks in advance.
“Training is like fighting with a gorilla. You don’t stop when you’re tired. You stop when the gorilla is tired.”

Comments

  • cookeeemonster
    cookeeemonster Posts: 1,991
    Try ETA - they're pretty cycle specific and give you a lot of cover with not so much small print to catch you out.

    A blogger did a good review here of various cycle insurers: http://www.londoncyclist.co.uk/bicycle-insurance/
  • jordan_217
    jordan_217 Posts: 2,580
    CookeeeMonster wrote:
    Try ETA - they're pretty cycle specific and give you a lot of cover with not so much small print to catch you out.

    A blogger did a good review here of various cycle insurers: http://www.londoncyclist.co.uk/bicycle-insurance/

    Thanks, very useful info. I think I'll give ETA a ring as they offer like for like cover regardless of the bikes age and don't factor in depreciation. The other providers I've looked at only offer like for like on bikes up to 2 years old. Mine is coming up to 3 years old so that will be a big plus point.

    Thanks again.
    “Training is like fighting with a gorilla. You don’t stop when you’re tired. You stop when the gorilla is tired.”
  • noiseboyfeetman
    noiseboyfeetman Posts: 719
    Could it not be covered by your contents insurance? I had my bike stolen not too long ago from my place of work and as it was stolen on private property it was covered by my contents insurance. Sheilas Wheels and Wheelies Bike Replacement were extremely helpful in getting my replacement bike.
    Road - http://www.bikeradar.com/forums/viewtopic.php?f=40044&t=12777154&p=16943702#p16943702

    Commuter - http://www.bikeradar.com/forums/viewtopic.php?f=40044&t=12877017&p=17855019#p17855019

    MTB - http://www.bikeradar.com/forums/viewtopic.php?f=10017&t=12930006&p=18407199#p18407199
  • jordan_217
    jordan_217 Posts: 2,580
    noiseboyfeetman wrote:
    Could it not be covered by your contents insurance? I had my bike stolen not too long ago from my place of work and as it was stolen on private property it was covered by my contents insurance. Sheilas Wheels and Wheelies Bike Replacement were extremely helpful in getting my replacement bike.

    Hmm you raise a valid point. I will give them a call tonight and see what they say. Thanks :)
    “Training is like fighting with a gorilla. You don’t stop when you’re tired. You stop when the gorilla is tired.”
  • Wacky Racer
    Wacky Racer Posts: 638
    My bikes are covered on my contents insurance away from the home. Also covered new for old too, which is comforting.
    Ridley Orion
  • jordan_217
    jordan_217 Posts: 2,580
    I called RBS, my home insurance provider. My bikes arent covered away from the home. However, they do an 'add on' to my policy to cover bikes when away from the home. I got a like for like policy (regardless of age), with £900 worth of cover and £15 excess for £50 per year. About £20 cheaper than an equivelent policy with ETA.

    I hope I never need to find out how good the policy actually is.

    Thanks all.
    “Training is like fighting with a gorilla. You don’t stop when you’re tired. You stop when the gorilla is tired.”

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