jefmcg
Guru
I've just helped a friend buy her daughter a very cheap bike for getting to and from Uni. The parents live on the other side of the world, so the mum was interested in rescue cover, in case her cheap bike breaks down. I feel comforted by having 3rd party insurance. And of course, she's in a university town, so theft is going to be a problem.
Anyway, I found this insurance/rescue cover
https://www.lexhaminsurance.co.uk/products/cycle-insurance/
£1Million 3rd party insurance, £200 cycle theft cover, 3 rescues/year. premium £22/year. Rescue is £14-£18 per year from various places, and I'm paying £18 affiliate membership to CTC just for 3rd party insurance (albeit with higher coverage)
This seems a really sensible policy for a 21 year old, who was recently "helped" by some strangers after falling over who took her iphone, and then tried to get her to pay a ransom to recover it. Can anyone see why this might not be a good policy for her to take out? I'm interested in the rescue and 3rd party cover for her, but the anti theft insurance seems to be a very cheap bonus for a very cheap bike.
Anyway, I found this insurance/rescue cover
https://www.lexhaminsurance.co.uk/products/cycle-insurance/
£1Million 3rd party insurance, £200 cycle theft cover, 3 rescues/year. premium £22/year. Rescue is £14-£18 per year from various places, and I'm paying £18 affiliate membership to CTC just for 3rd party insurance (albeit with higher coverage)
This seems a really sensible policy for a 21 year old, who was recently "helped" by some strangers after falling over who took her iphone, and then tried to get her to pay a ransom to recover it. Can anyone see why this might not be a good policy for her to take out? I'm interested in the rescue and 3rd party cover for her, but the anti theft insurance seems to be a very cheap bonus for a very cheap bike.