Insurance mish-mash?

[EasyPeez]

Hi,

Tried to reply to the thread above but it seems to be locked - just wondered if/how most people cover themselves for all eventualities when cycling - do you get one (presumably expensive?) policy to cover all cycling needs or use a mish-mash of household, travel and life cover etc? Or just cover your bike and your liability and not worry about the rest?

I know my bike is covered for theft or damage on my home insurance as I got it added for an small extra premium, and I know I have third party liability cover through CTC membership, but need to check my life insurance to see if that includes critical illness and if so if that extends to any accidents I might have whilst cycling.

I think that still leaves me unprotected against loss of income if I'm injured in an accident and can't work for a period, which maybe is maybe not too clever of me, and possibly also for legal costs if I need to pursue a claim against someone, though I presume CTC and no-win no-fee options would be open to me in that instance maybe?

Do most people 'patch together' all-eventualities kind of cover like this? Or is there some special cycling cover I should be tapping into? Or am I just being too much of a worry-wort and need to trust in the cycling Gods to keep me safe?!

Cheers, Andy

 

[Angry Blonde]

Do what i do, never leave your bike, dont crash, and dont die ! Saves me a fortune haha

 

[srw]

(a) Use the search function on the forum.
(b) Read this post, which is stickied to the top of this sub-forum
(c) Decide what to do.

 

[Flying Dodo]

I've never bothered specifically insuring my bikes. At home I've got CCTV, and motorbike gold level Sold Secure quality chain securing the bikes. Out and about, if I'm leaving a bike locked up somewhere, again it's a heavy duty gold level Sold Secure chain which is used, and even then it would only be one of my cheaper bikes.

Re critical illness cover, the clue is in the name - they pay out a lump sum if you get diagnosed with something like cancer or have a heart attack or one of a wide variety of not necessarily life threatening conditions. The more comprehensive policies would also pay out for other things such as loss of an arm, leg or eye, or becoming permanently disabled.

If you wanted cover for loss of earnings due to being unable to work due to illness or accident, then you need a sick pay policy often called permanent health insurance designed to pay a replacement income either for a set period or until retirement age. I have one of those as statistically I'm more likely to suffer something like that than die before retiring.

 

[GrantJ]

I recently purchased a bike and decided i needed to get insurance. I could have added it onto my home insurance but was a little considered i wouldn't get a 'full enough' cover. Done a few Google searches and found a company called A+ Insurance - the only reason i got a quote was the cheap start rate ;-) They seemed better than most offered family and worldwide cover plus some liability cover. I would recommend them, but obviously not made a claim yet so not sure how good they are in that respect.

Didn't find them on a Google search but they were on Money.co.uk under bicycle insurance

Hope this helps, Grant

 

[EasyPeez]

(a) Use the search function on the forum.
(b) Read this post, which is stickied to the top of this sub-forum
(c) Decide what to do.

I did that lot, as mentioned in my post. I was/am just interested to know what the majority of people on here have in the way of cover, and to know if there is a "covers all eventualities" policy out there that anyone would recommend - I don't see how a) b) or c) are helpful there? Unless I'm pants at using the right search terms, which is more than feasible.

The more comprehensive policies would also pay out for other things such as loss of an arm, leg or eye, or becoming permanently disabled.

Yeah, I have CI insurance but need to check my terms to see if I'm covered for those kinds of injuries.

If you wanted cover for loss of earnings due to being unable to work due to illness or accident, then you need a sick pay policy often called permanent health insurance designed to pay a replacement income either for a set period or until retirement age. I have one of those as statistically I'm more likely to suffer something like that than die before retiring.

Useful to know; i@d not heard of that and will look into the likely premiums. We only get statutory sick pay at work so it would be reassuring to know that the mortgage would get paid in the event of me being put out of action for a number of weeks/months. Thanks for your advice.

 

[Red17]

I did that lot, as mentioned in my post. I was/am just interested to know what the majority of people on here have in the way of cover, and to know if there is a "covers all eventualities" policy out there that anyone would recommend - I don't see how a) b) or c) are helpful there? Unless I'm pants at using the right search terms, which is more than feasible.


Yeah, I have CI insurance but need to check my terms to see if I'm covered for those kinds of injuries.


Useful to know; i@d not heard of that and will look into the likely premiums. We only get statutory sick pay at work so it would be reassuring to know that the mortgage would get paid in the event of me being put out of action for a number of weeks/months. Thanks for your advice.

I've got injury cover which pays out for broken bones and time in hospital or recuperating at home (I race motorbikes) and had to claim on it a couple of times (was enough to cover the mortgage) - its been invaluable to me and covers any accident, not just racing, although only up to a 12 month period.

The Policy I have is no longer available as the provider is not taking on new policies, but there are one or two similar out there that specialise in covering sporting or other injuries rather than health related issues that may be worth a look if its something you are concerened about (not necessarily cheap though - all depends on the cover you want.)

 

[Red17]

Should probably add that I wouldn't have considered the policy if it was just to cover cycling related injuries as I don't think that is a high enough risk.