Insurance cover - what do you have?

[400bhp]

Me neither..working as a pensions manager in house nowadays

Blimey - what's the chances of that

 

[srw]

Blimey - what's the chances of that

For a pensions actuary? Quite high, given the way the DB world is (very rapidly) going.

One of my friends (partner of a pensions consultancy) reckons he'll have to retire in 10 years time. Then it'll be left to the likes of me to manage the extremely long tail.

 

[400bhp]

For a pensions actuary? Quite high, given the way the DB world is (very rapidly) going.

One of my friends (partner of a pensions consultancy) reckons he'll have to retire in 10 years time. Then it'll be left to the likes of me to manage the extremely long tail.

Actually no, in-house pensions is pretty rare.

There is plenty of DB work left-all DB schemes where I work are still open.

We could chew the fat over a perfect storm for DB pensions and buying out though. Could happen

 

[Sim2003]

Took out insurance with Cycleplan which seemed to be cheap until I started added all the extras on , but figured If I had a accident on the bike then I have a pretty good chance It could be serious. Personal Accident, loss of earnings and public liability

The house insurance wanted a extra £5 a month for just theft cover.

 

[Red17]

Thanks for the suggestions so far, but is there anything that covers you when you are out on your bike? Something that covers accidental damage and personal injury.

I'm thinking that roads will start getting slippy soon and there is only so much grip that tyres can offer

There are a quite few income protection / personal injury policies out there - I have one that covers high risk sports (specialises in motorcycle racing) but pays out however I am injured - it pays out for specific injuries / broken bones and for time in hospital / off work - Unfortunately I have had my monies worth over the years.

Not cheap and I would not consider it appropriate just to cover cycling on the roads - possibly different if you are racing regularly or similar.

 

[glenn forger]

British Gas insure my house. I have no idea why, they were just the cheapest quote online, I get £2m TP cover and the bike's covered but I never leave the bike for long anywhere in public and it stays in the house all the time I'm not on it.

 

[Booyaa]

Actually no, in-house pensions is pretty rare.

There is plenty of DB work left-all DB schemes where I work are still open.

We could chew the fat over a perfect storm for DB pensions and buying out though. Could happen

Just no one wants to pay the fees for it anymore...

 

[400bhp]

Just no one wants to pay the fees for it anymore...

Not sure they ever did - eye opener sitting in house.

 

[Booyaa]

Not sure they ever did - eye opener sitting in house.

True, it's just harder convincing people of the value... Completely different view I guess in house. Do you prefer it on that side?

 

[LocalLad]

There's undoubtedly a load of work left in liability management, though I suspect the freedom and choice will have the effect of people transferring out to DC schemes en masse which will somewhat accelerate the demise (though not within my career)

The reason everything is expensive is imo because of all the complexity introduced by meddling governments...imagine a world without gmp for example!?

More and more things are becoming commodities nowadays. I started my career with one of the biggest trustee consultants, charging a fortune for valuations. Nowadays, the systems can do the majority of the work in a matter of minutes, and the advice over the top is the bit you pay for. By the way, I've only been working ten years, so this is a comment on your skyval systems rather than pcs them selves

 

[Drago]

House insurance for the bikes, all specifically listed and valued on the schedule.

CTC for riding my bikes.

Police Fed Group Insurance for unexpectedly dying, being ill etc.

 

[NorvernRob]

BC for third party liability and house insurance for theft/accidental damage. Bikes are covered at home/outbuildings, in the car or locked anywhere with a sold secure gold lock, they don't get left anywhere anyway so that really doesn't matter.

My best bike is listed individually and the other is covered under general contents, my policy went up a whole £25 per year. The cheapest quote from a specialist bike insurer was nearly £400 for my best bike alone