Home Insurance - Bike Cover

Tjgoodhew

Hi all,

I saw a thread a few months back with the answer to my question but cant find it now.

My home insurance is up for renewal and wanted to be able to cover my bikes under the policy but I will need over 5k in total cover and one bike will be about 3k and i know not every provider offer this.

The bike values are £650, £1500 and £3000.

Any advice on who to look at ?

Thanks

Iamnot Wiggins

PM'd you regarding this as I may be able to assist.

arran77

John Lewis Home Insurance are very good, bikes upto £1000 each are covered without being identified specifically and then you can add bikes individually if they are worth more than £1000.

pedro-paul

Many home policies only cover bikes upto £250.00 or so theres always a separate section on this in the policy even when there stored in the home , best store them as a collection of parts them to get the value !!! should the worst happen.
paul

mfin

With John Lewis bikes are insured in the home anyway up to a big figure, it's when you want them to be insured outside of the home it costs extra, but it's way way cheaper than specific bike insurance.

Call them up, they'll quote it really quite quickly and you can muck about with options.

I chose to only insure 2 out of 4 bikes outside of the house, the two that get used and used and used, the other two are just part of my contents, but I'm still obviously covered if the house is broken into and they are nicked or if the house burns to the ground etc.

izza

Chubb home insurance covers my bikes at all times - including European sportives.

Tjgoodhew

mfin wrote:

With John Lewis bikes are insured in the home anyway up to a big figure, it's when you want them to be insured outside of the home it costs extra, but it's way way cheaper than specific bike insurance.

Call them up, they'll quote it really quite quickly and you can muck about with options.

I chose to only insure 2 out of 4 bikes outside of the house, the two that get used and used and used, the other two are just part of my contents, but I'm still obviously covered if the house is broken into and they are nicked or if the house burns to the ground etc.

This sounds interesting. Out of the three, two will live in a shed and the most expensive will live inside which im guessing will mean it doesnt need to be covered seperatly

Thanks

arran77

Tjgoodhew wrote:

mfin wrote:

With John Lewis bikes are insured in the home anyway up to a big figure, it's when you want them to be insured outside of the home it costs extra, but it's way way cheaper than specific bike insurance.

Call them up, they'll quote it really quite quickly and you can muck about with options.

I chose to only insure 2 out of 4 bikes outside of the house, the two that get used and used and used, the other two are just part of my contents, but I'm still obviously covered if the house is broken into and they are nicked or if the house burns to the ground etc.

This sounds interesting. Out of the three, two will live in a shed and the most expensive will live inside which im guessing will mean it doesnt need to be covered seperatly

Thanks

John Lewis view inside the home and in a shed or out building as the same thing, ie your home!

Any bike with a value of over £1000 will need to be identified for them to insure it regardless of whether its inside the house or in a shed.

Iamnot Wiggins

izza wrote:

Chubb home insurance covers my bikes at all times - including European sportives.

Great cover & claims service from Chubb. I put as many clients as I can with them!

g00se

M&S insurance - of unnamed bikes up to £4000 each fame which they later had to put down to £1000 for new policies due to it's popularity - have put it up again to £2000 for ALL policies now. It's good for bike sheds and garages without silly ground anchor rules too. Any individual bike over £2000 needs to be named though.

socrates

Try More Than. Excellent.

mfin

Not true with John Lewis regarding the bikes 'covered only while in the home' having to be listed if over £1,000.

Anyway, as always with these things, do your own investigation and be sure of what cover you are every time, and read the policy and terms.

arran77

mfin wrote:

Not true with John Lewis regarding the bikes 'covered only while in the home' having to be listed if over £1,000.

Their Premier Cover includes £5000 worth or cover for bikes with an individual limit of £1000 per bike, there is no need to tell them what bikes you have. A bike over £1000 can be insured at additional cost but you must identify what that bike is.

meesterbond

We're with Aon, with the Home Contents underwritten by Amlin's syndicate I think, and they cover £5k per bike (replacement value). Any greater than that and they'll write it but as a specified item - presumably for an additional fee.

Iamnot Wiggins

If any body would like to have their insurance reviewed, especially in respect of coverage for bikes etc then please drop me a PM. Won't cost anything and I'm more than happy to offer advice.

speedo

If you of an age try SAGA INSURANCE
Bikes are covered on Contents Insurance ,and have to identified as a seperate item.
No limit on value of bike - usual rules apply - More expensive the bike,more expensive the cover

bigaac

another vote for MoreThan. the most comprehensive cover i could find for the money