Insurance....Cycleguard?

[Mushroomgodmat]

So, I'm considering insurance incase I find myself at fault on the roads. Does anyone have any opinions on this?

I found these guys, are they legitimate?

http://www.cycleguard.co.uk/

 

[slowmotion]

Look at the small print for the theft section. It's a shocker. I used them for twelve months, two years ago. My household policy is (ostensibly) a much better deal.

 

[musa]

your maybe better of with CTC or adding to your home insurance... majority of the CC users will say the same

 

[Mushroomgodmat]

I'm more concerned if I collide with someone, or cause damage with my bike....i dont think household insurance doesn't cover that...or does it?

 

[slowmotion]

You can get 3rd Party insurance if you join The Fridays which is affiliated to CTC (I think). £15 pa. For a rip-off £2 per year extra, you can join in about fifteen sessions of nocturnal Friday activity, some conducted in remote lay-bys.

Google Friday Night to the Coast, or use the Search box top right.

Edit: here you go...

http://fnrttc.blogspot.co.uk/p/fridays_06.html

 

[musa]

I'm more concerned if I collide with someone, or cause damage with my bike....i dont think household insurance doesn't cover that...or does it?

depends on what contents are included..check your policy or give them a call and found out your premium may slightly increase but hey

if not check out the above

 

[MrJamie]

There was a post the other day about cycleguard not paying under various circumstances.

For those of us without a home to insure is CTC the best option for 3rd party and theft?

 

[musa]

I would think so. Cover of liability is higher £10mil. Plus you get more benefits too

 

[srw]

Insurance purchasers need to distinguish between:

* Third party liability. Designed to pay out if someone sues you. Most people seem to get this via CTC or BC or an affiliated club.
* Theft, accidental damage etc. Designed to compensate you for the cost of the bike. Most people have this to some extent via a household policy - a lot seem to pick their household policy specifically for this cover. It comes under the contents section, so it is available to people who rent rather than own. It is also available standalone, but that seems to be thought of as an expensive route.
* Personal accident. Designed to pay out if you get injured. Not many people have this, and not many companies offer it specifically for cycling.
* Breakdown cover. Designed to get you home after a breakdown or incident. Few people have this; at least one railway company offers it to ticketholders.
* Travel insurance. Designed to pay out in the event of injury or financial loss while on holiday. A standard travel policy may in some circumstances pay out if a bike tour has to be abandoned.
* Legal expenses. Designed to pay for legal fees if you need to sue someone else. Most people seem to buy a "no-win no-fee" policy after any incident if their lawyers think there's a reasonable prospect of success.

People need to do their own research. What's best for one person may well not be best for another. Prices can vary wildly. Different companies have different policies and different approaches to settlement. And read the wording of the policy carefully, with advice if necessary!

For the record - I have CTC membership, so third-party liability cover; theft and accidental damage via my household contents section; annual travel insurance which doesn't exclude cycling holidays. I work for an insurance company, which provides some of those products.

 

[srw]

Most household insurance policies have a liability section, although the number of claims made is very small. You'd need to read the policy to see whether they'd cover you while cycling. As I say, most people seem to get CTC or BC membership (or affiliated club) for their liability cover.

 

[jdtate101]

I use E&L cycle insurance as they are cheaper than cycle guard, don't have such stupid clauses and also include up to 45 days cover for cycling abroad as standard.

EDIT : I also have BC cover for 3rd party and legal. I got the E&L in case I bin the bike, not someone else!!

 

[IanT]

I joined British Cycling - primarily because of the insurance benefit.

You several other benefits, also - although, so far, I have really only used the CNP Nutrition discount.

 

[dellzeqq]

In answer to the OP - which I take to be a question about 3rd party - http://www.cyclechat.net/threads/cycleguard.100653/

Accepting srw's wise words, take a look at the policy, and, if it's acceptable to you join a CTC affiliate for fifteen quid for the year. Get £10M 3rd party, and discounts at bike shops.