Alex321
Guru
- Location
- South Wales
Our household contents insurance (from Aviva) includes my bike (up to £2500 value) for an additional cost of £17.28. This covers theft or damage away from home, provided that when out of your sight it is either inside a securely locked vehicle or is securely locked to an immovable object - they don't specify a particular standard of lock for "securely". We are also coved for up to £5,000,000 of personal liability arising from our activities (including cycling). And that insurance also covers the parts, spares and accessories with the bike. At home, to be covered for theft, it must be in a locked building or securely locked to an immovable object.I have house insurance that covers my bike and 3rd party insurance from membership of a national cycling club. Having recently brought a new bike I looked into the cost of insuring it against theft on my regular bike rides. The quoted cost was 3 times greater than my car insurance and my car is 5 times more expensive than the bike I now own and even if I took out that bicycle policy, I would need to carry a weighty Gold Standard lock on my rides and provide photographic evidence of using it each time it was used. Can any members suggest an affordable provider for insurance against theft ?
Our previous insurer (More>than) wanted an additional premium of just under £100 for similar cover. Which was similar to the price of stand alone cover.