Cycling Insurance - Recommend a provider

[Sterlo]

I'm with Admiral. Covered up to £2500 (if I remember correctly), changed from Direct Line because they only covered up to £1000, when I replaced with a more expensive one, it was extra and went up by about £70.

 

[ebikeerwidnes]

Yeah the things I am checking are:

• Type of lock
• What counts as an immoveable object when away from home
• Need for locking to immoveable object at home
• Any restriction on cover close to home
  • Both Yellowjacket and Bikmo both don't cover the bike within a certain distance of home which seems strange. Yellowjacket's term is 'within walking distance', thats too vague.

Not spotted that one

Given that most of us have had a long walk home at some point due to a puncture (etc!!) then "walking distance" could be interpreted as several miles!

And what exactly is the point in anti-theft insurance if it doesn;t cover you if you take the bike shopping and it gets nicked while locked up outside the shop!

 

[wiggydiggy]

Not spotted that one

Given that most of us have had a long walk home at some point due to a puncture (etc!!) then "walking distance" could be interpreted as several miles!

And what exactly is the point in anti-theft insurance if it doesn;t cover you if you take the bike shopping and it gets nicked while locked up outside the shop!

Missed your earlier post but all good advice, I will double check they cover eBikes. The shop I'll either walk or cycle to it. Either is possible. I know for Bikmo they were referring to their recovery service (well refund on a taxi to get home!), I'd have to check on theft cover for close by.

My last puncture was yes about 8 miles from home, which I walked....

 

[figbat]

I just did a quote with Velosure for the bikes that are beyond the cover of my home insurance. Four bikes in total - it would cost more than my car insurance!

 

[wiggydiggy]

I just did a quote with Velosure for the bikes that are beyond the cover of my home insurance. Four bikes in total - it would cost more than my car insurance!

All of the specialist insurers are asking for arounf 75% of the cost of my home insurance for 1 bike, although I like some of the benefits I have to look at the main reason for cover (theft). I'm thinking a combination of the cheapest (barclays) and British Cycling/CyclingUk/Other for some personal/legal cover is best.

 

[rivers]

Bikmo- they paid out no problem when I had 2 bikes nicked out of my shed. And my premium didn't increase on the next renewal

 

[Sharky]

I just did a quote with Velosure for the bikes that are beyond the cover of my home insurance. Four bikes in total - it would cost more than my car insurance!

I have 4 decent road bikes, but I doubt that they have a great value now. Also

 

[wiggydiggy]

I have 4 decent road bikes, but I doubt that they have a great value now. Also

If they were bought new then the insurers I am looking at will replace at the today cost, for second hand it depreciates.

I need to phone whomever I go with as my bike was a gift, though had been bought new. Need to know which category they put it in.

 

[tom73]

Yeah the things I am checking are:

• Type of lock
• What counts as an immoveable object when away from home
• Need for locking to immoveable object at home
• Any restriction on cover close to home
  • Both Yellowjacket and Bikmo both don't cover the bike within a certain distance of home which seems strange. Yellowjacket's term is 'within walking distance', thats too vague.

How did you find out about Bikmo not covering within a distance from home ?
Only distance I can find in my policy is one about distance of outside fixed bike storage from your home.

 

[wiggydiggy]

How did you find out about Bikmo not covering within a distance from home ?
Only distance I can find in my policy is one about distance of outside fixed bike storage from your home.

Apoligies I've got my companies mixed up, I've done a lot of quotes today. I'll correct the OP.

Its ETA, they confirmed on the phone it's 500m. Their policy documents state it is a mile but both limits they said refer to cycle rescue not theft.
https://www.eta.co.uk/bicycle-insurance/key-facts-documents/

With Yellow Jersey their document specifically lists not covered for theft within walking distance, which is nonsense.
https://www.yellowjersey.co.uk/info-zone/
"Pedal cycles left unattended for more than 1 hour within walking distance of your home are not covered for theft, unless stored in an insured location."

 

[youngoldbloke]

Insured with Barclays stand alone. You specify the most expensive bike an all other less valuable bikes are insured too. I have 2 e-bikes and 3 others insured on the policy. No specific lock required, but locked to an immovable object. Never had to claim so can't say how good or otherwise.

 

[Sharky]

I have 4 decent road bikes, but I doubt that they have a great value now. Also

I managed to post my reply before I'd finished it.

I was going to add
..... Also, a tandem trike and my OH's two bikes and one of my daughter's bike that she abandoned when she went to Uni.
They are all kept in our integral garage, so I feel they are fairly safe and I never leave them unattended. I had a bike stolen when I was about 14 and learnt my lesson.

I've probably got some kind of cover on my household insurance and I am a member of Cycling UK for the third-party aspect, but for the bikes, I just "self-insure" them, rather than pay expensive premiums.

 

[tom73]

Apoligies I've got my companies mixed up, I've done a lot of quotes today. I'll correct the OP.

Its ETA, they confirmed on the phone it's 500m. Their policy documents state it is a mile but both limits they said refer to cycle rescue not theft.
https://www.eta.co.uk/bicycle-insurance/key-facts-documents/

With Yellow Jersey their document specifically lists not covered for theft within walking distance, which is nonsense.
https://www.yellowjersey.co.uk/info-zone/
"Pedal cycles left unattended for more than 1 hour within walking distance of your home are not covered for theft, unless stored in an insured location."

I did wonder if i'd read my policy right.
I'd recommend Bikmo found them to be competitive and have clear levels of cover.
Plus they are an ethical certified B company and 1% for the plant member.

 

[slowmotion]

If you are not happy with the bike cover on your house and contents insurance, get another house and contents insurer. Bike specific policies are an utter rip-off (IMVHO) and have all sorts of weasel word get out clauses to trip you up.

 

[wiggydiggy]

If you are not happy with the bike cover on your house and contents insurance, get another house and contents insurer. Bike specific policies are an utter rip-off (IMVHO) and have all sorts of weasel word get out clauses to trip you up.

Oh I'm happy with them, it was a good price, I just wasn't expecting to get a new bike this quickly!

I've pretty much decided to get Barclays Bike Insurance for about £50, and CyclingUK membership for the personal insurance. Their benefits page has a lot of discounts particularly for outdoor type stuff Ill use.

Come renewal time I'll do some more shopping around on the house insurance, got a few recommendations up thread to try.