Insurance

Thigh_burn
Thigh_burn Posts: 489
edited July 2015 in Road buying advice
What do most people do for bike insurance? Is it normal to add it to the house policy, or is specialist insurance better? Thanks

Comments

  • markhewitt1978
    markhewitt1978 Posts: 7,614
    [url=http://www.bikeradar.com/forums/viewtopic.php?p=19668623#p19668623]Thigh_burn[/url] wrote:
    What do most people do for bike insurance? Is it normal to add it to the house policy, or is specialist insurance better? Thanks

    I would be interested in the answer too as I have a lot of money invested in my bike now.

    My main concern is if the bike should be stolen from the house that the insurance company would always find a means to say my security was not up to scratch.

    To the main question I would generally prefer to have it seperate as bike insurance is quite specific, and I tend to change house insurance company every year.
  • g00se
    g00se Posts: 2,221
    Adding it to house insurance is a lot cheaper. I've just changed to this lot and reviews seem good (house insurance aimed directly at cyclists - underwriter is AXA):

    http://pedalcover.co.uk/
  • homers_double
    homers_double Posts: 8,279
    Both my bikes are non specific items upto the value of £2500 and are insured for theft whilst "out and about" but I'm not sure how that would work and I don't really fancy finding out.
    Advocate of disc brakes.
  • lochindaal
    lochindaal Posts: 475
    I've just taken a new policy with PedalCover which covers all your bikes and Home & Contents. It also covers you for racing and sportives at home and abroad.

    Pricing was good compared with my previous home + designated bikes policy
    Tri Coaching
    https://www.h3otriathlon.com
  • rafletcher
    rafletcher Posts: 1,235
    Useful to know - my bikes are £2k and £5k, and I needed an expensive "premium" house policy to cover them - Sterling Insurance at £466 for contents only. Buildings I have separately so total around £700 all in.
  • g00se
    g00se Posts: 2,221
    The pedalcover policy will allow bikes up to £10k each as unnamed items.
  • markhewitt1978
    markhewitt1978 Posts: 7,614
    What about where your bike is literally a collection of random parts and not 'off the peg'?
  • homers_double
    homers_double Posts: 8,279
    As my Heckler is, a one off build by me.

    I'd suggest compiling an excel sheet of components and their RRP along with reciepts if you have them.

    Supplement that with a photo if you're able.
    Advocate of disc brakes.
  • g00se
    g00se Posts: 2,221
    It was the same for me, a diy build. They said note and photo the details. Maybe get a bike shop to inventory it.
  • springtide9
    springtide9 Posts: 1,731
    I have (unfortunately) just had to make a claim for my pride and joy fully custom PX N2A.

    Insured as a specific item on the house policy, which also covered out and about. The insurance company have been great and looking at giving me a cash settlement as the bike wasn't off he peg (and not easily replaceable).
    I had photos and receipts, but they didn't ask for either.. although when they wanted to show a photo of the bike, my actual bike photo as still on the google cache for my bike on the Your Bike Bikeradar forum.

    Hope this helps
    Simon

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