Insuring bike on home contents insurance

My home insurance will be coming up for renewal in a few weeks time. Has anyone got their bike(s) insured on their home contents insurance?
If so, was there a big jump in the premium? Were the terms and conditions acceptable? Did it cover accidental damage?
I'll be shopping around but just need a heads-up on whether it is doable or not. Quotes for getting separate specific bike insurance for my road bike costs at least as much as my entire home buildings and contents insurance.
If so, was there a big jump in the premium? Were the terms and conditions acceptable? Did it cover accidental damage?
I'll be shopping around but just need a heads-up on whether it is doable or not. Quotes for getting separate specific bike insurance for my road bike costs at least as much as my entire home buildings and contents insurance.
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But when the time comes I'll be asking for a price with and without cover for my good bike. Decision time then.
I am not sure. You have no chance.
Yes.
No.
Yes.
Yes.
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Thanks for the heads up!
2020 Voodoo Marasa
2017 Cube Attain GTC Pro Disc 2016
2016 Voodoo Wazoo
Oh and M&S are not insurers - companies like that simply brand policies which are actually provided by underwriters. That means the policies can differ each year.
Nothing more specific than that.
I am not sure. You have no chance.
As a further aside if you've had historical house subsidence Home Protect only ask back as far as 25 years so they are a good place to start getting reasonable buildings insurance if your subsidence is very historical - well someone might find this information useful. Saving me about £600 a year on my previous insurer anyway.
Mine was an immovable object inside a locked structure. Too much hassle for me against what I perceive to be a pretty low risk bearing in mind location of my bikes and their relatively low value.
https://twitter.com/roubaixcc
Facebook? No. Just say no.
With Hastings Direct it's a named item under personal possessions, for which there is a £15k limit on my policy. Valuables such as jewellery come under 'valuables' which has a seperate limit. My other bikes are insured up to £1k each without being named. It covers theft from home, from an outbuilding, from the car or if locked up anywhere with a 'suitable lock' (their wording - I wouldn't use anything other than a gold secure rated one to make sure), and accidental damage.
The extra was £20 per year. I renewed a couple of months ago and the total for the year was just under £250 - that's buildings, contents, accidental damage, and a premier policy that includes legal cover etc.
£5000 max per bike worldwide cover including theft, from memory surcharge was applied for worldwide cover.
Last year the AA were by far the best option for me.
Like the old M&S cover, there's no rules about ground anchors in outside buildings. And no stipulations about SoldSecure levels for locks. I think it's about £10k per bike, up to £25k total bikes - if they're to be un-named. Comes with worldwide cover and other event bits and pieces.
Also, in my experience, AXA are a decent lot to deal with.
I spoke to my home insurance provider this morning and my budget hybrid bike was already covered as a named item. I added my new road bike onto the insurance policy as a named item. They wanted the exact make and model and frame/serial number, which I provided them with.
The annual cost of adding the new bike onto the policy was just under £24. It's covered for theft or accidental damage away from home, which is basically just what I wanted. That's a hell of a lot cheaper than specific bike insurance quotes that I've seen over the last week or so.
They increased the premium a lot this year so seemed to offer great deal to lure you then not want to retain you. Moved to ensure this year and cannot comment how great they are until I have to claim but no issues with the number of bikes and values given.
Will have to remember to try AA and Hastings next year but usually cashback sites dictate which one I use based on cashback offers given. Some want you to phone through for bikes over a certain amount.
John Lewis is great for home contents and covers pricey bikes for a good fee - £260. No extra fee for the bikes. It even covers bikes left in parked cars
For out-on-the-road cover, I recommend British Cycling membership. I'm currently using their legal cover to take down a f*%cker that hit me with his wing mirror at >60mph.
Thanks,
Ian
For example, my "good" bike cost £2k but I have upgraded parts and prices have risen. Replacement price, £3800.
I am not sure. You have no chance.
Cannondale Prophet 600
Cannondale R500
Insurance companies are generally scumbags but you can negotiate.
If they're not giving you what it takes to replace the bike get legal on their asses. I did in the past and a few will backed up threats got me a proper replacement.
M&S are underwritten by AXA - so you can consider others that use them too. I made a claim on M&S and it was very quick and painless.
Currently, M&S house insurance is great for bikes but gets expensive for bikes if you have to name them (didn't use to be that way). I know I've recommended them before on this thread, but pedalcover are a broker for AXA with a similar policy to M&S but with much higher limits before you have to name bikes.
My insurers told me it has to be insured for the replacement cost, not what you paid for it. My Foil had to be insured for £6K.