Is this insurance quote reasonable?
kingofthetailwind
Posts: 575
I'm looking to insure my new 2014 TCR Composite 1. I already have 3rd party insurance through Cycling Ireland.
My existing house insurer has given me a quote of £50 to add it onto my policy. It'll covers theft from inside the house or elsewhere as long as it's locked. They have no stipulation of what kind of lock is required though, which I found strange. Also covers accidental damage and cover abroad up to 60 days a year.
Seems decent enough? The bike cost £1280, rrp £1600.
My existing house insurer has given me a quote of £50 to add it onto my policy. It'll covers theft from inside the house or elsewhere as long as it's locked. They have no stipulation of what kind of lock is required though, which I found strange. Also covers accidental damage and cover abroad up to 60 days a year.
Seems decent enough? The bike cost £1280, rrp £1600.
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Comments
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Yes.English Cycles V3 | Cervelo P5 | Cervelo T4 | Trek Domane Koppenberg0
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Better than I pay2020 Reilly Spectre - raw titanium
2020 Merida Reacto Disc Ltd - black on black
2015 CAAD8 105 - very green - stripped to turbo bike
2018 Planet X Exocet 2 - grey
The departed:
2017 Cervelo R3 DI2 - sold
Boardman CX Team - sold
Cannondale Synapse - broken
Cube Streamer - stolen
Boardman Road Comp - stolen0 -
Sounds ok0
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To the point, and the answer I was looking for. Thanks guys.
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Separate bike insurance premium is typically 10% of the value of sum insured i.e. a £1000 bike will cost £100/yr.Make mine an Italian, with Campagnolo on the side..0
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I pay £18 on top of my house contents insurance for a £999 bike... that covers it from theft anywhere in the UK25% off your first MyProtein order: sign up via https://www.myprotein.com/referrals.lis ... EE-R29Y&li or use my referral code LEE-R29Y0
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Check the definitions section. They tend to use words like "abandonment" in the policy document and then define it as anywhere left locked for more than 8 hours. So that could be your mates locked garage over night.
Generally the add-on to house policies are the most flexible assuming they will cover the value. The specialist insurers tend to have more restrictions and cost more, but they will cover the higher cost bikes.0
