Bike insurance

[RiflemanSmith]

Can any one recommend any good companies to go with?

 

[Lee_M]

depends on the value of your bike, can you add it to your home insurance?

otherwise from my investigations everyone I looked to (including BritishCycling) ends up ate the same company - all with slightly tweaked branded websites but all the same

 

[Enw.nigel]

If you have home contents insurance then most companies will include a bike up to the value of £500. Above that then you have to name it as a specified item. If you do, remember to add all your accessories on to the value as well. May be worth checking.

 

[Kiwiavenger]

i add mine as a specified personal belonging for £1000 which includes all the kit and clobber (saddle bag, lights, upgraded bits etc)

 

[fossyant]

Home contents or an 'add on to your home contents if you've got a very expensive bike.

M&S and Co-operative insurance are recommended. Co-op for me.

 

[byegad]

Yes, house insurance in the first instance and if it's over their limit you can expect to pay in excess of 10% of the new value as the premium to a specialist insurer. There will also be limits to what percentage you get back if the bike is over 3 or 4 years old. I gave up and have no cover other than the CTC 3rd party cover. But there again my cheapest trike would run me close to £2000 to replace and the others are worth over £3000 each. Paying £800+/year to insure them all seems way too expensive and in the 3 years since I haven't been covered I've saved £2400, if I get through another year without loss I'm quids in. I only paid 8% of the value to cover my 3 year old car last time round, insuring the trikes would cost me a shed load more than both my and my wife's car insurance each year.

 

[Shatterproof]

Depends on the value and usage of the bike, worth looking at your house insurance or a specialist provider like protect your bubble.

 

[RiflemanSmith]

Cheers for the replies guys.
I haven't bought the bike yet, Boardman performance pro it cost a grand.
Wouldn't household contents just cover you for theft from your house?
Cheers
Mark

 

[mark st1]

Our policy renewel came the other day never really paid any attention to it tbh ! However ive never owned anything expensive or worth nicking. We have contents insurance and im sure it stipulated any item stolen would only be covered up to a limit of £2000 unless specified of a higher value. Does this sound normal or have i got it wrong ive just read the avg on here seems to be £500.

 

[vickster]

On home insurance, you can also insure contents away from home May need to name a costly bike separately and check whether there are T&Cs regarding specific locks. Don't forget there'll be an excess, so you'll get the replacement value (bike and accessories) less the excess. I have to name bikes over £500, check the details on your specific policy with the insurer...they do like to try to wriggle out of paying so don't give them any excuses

 

[mark st1]

May have to get the Mrs to give them a bell me thinks cant be doing with being out of pocket !

 

[rb58]

Mine are covered by M&S home insurance, both for theft from the premises (in my case a shed - provided it's locked to an immovable object) and away from home. I recall they had to be listed as separate items on the policy if over £4,000. Other than that, seems very straightforward. Not had to claim during my time with them, which if course would be the real test. I'd recommend giving them a call