Do I really need insurance?

[Sara_H]

I've been looking into insurance.

if i join British Cycling I get £10,000 3rd party cover - but I was wondering if its really necesarry?

How many of you have it, and of those that do, have need to claim against it?

 

[srw]

It's £10 million, not £10,000. The fact that you get it chucked in for free with a £30-odd membership fee tells you how often it's used. The fact that it potentially saves you £10m if you get sued tells you that people think it's worth having.

Search for "cycleguard" - I've posted a rundown of insurance for cyclists a couple of times recently.

 

[Fab Foodie]

Like all insurance, you never value it until you need it.
I go with CTC, I reckon it's a small cost for a large potential benefit, especially the legal advice etc, though BC is good too. Many clubs will not let you ride without basic cover.

 

[ianrauk]

I'm with CTC.
And it has helped me with the copper who decided to use his van as a battering ram against me.

 

[ushills]

I would highly recommend the CTC if only for the legal advice, saying that they are helpful even if you are not a member.

I will be before I next go out on my bike.

 

[Sara_H]

Just sorted my house cover so I'm in an insurance frame of mind - was going to go with BC as you currently get £10 off through quidco.

 

[400bhp]

IIRC some household policies will cover you for 3rd party whilst cycling.

 

[srw]

I'm with CTC.
And it has helped me with the copper who decided to use his van as a battering ram against me.

I would highly recommend the CTC if only for the legal advice, saying that they are helpful even if you are not a member.

...neither of which is anything to do with the £10m 3rd-party liability cover. Which is intended to pay out if someone sues you. Both of you will have been helped by a different benefit - the tie-in with the firm of solicitors and access to no-win no-fee legal expenses insurance.

 

[Red Light]

IIRC some virtually all household policies will cover you for 3rd party whilst cycling.

FTFY

 

[Silver Fox]

Just had my M+S home contents insurance through. It's gone up £320 from last year as the replacement bike for my stolen Yeti 575 is specified as being over £4k.

So thank you to the thieving bastard scum that ram-raided my garage last November, that's £320 I could have put to much better use

Rant over.