Insurance tip

[pally83]

Just renewed my house insurance and have gone with Post Office. They cover listed bikes, including cover away from home and i've covered 2 bikes - one listed as £1000 and one as £3000 - without problem. Much cheaper than my previous Cycleguard policy.

 

[defy-one]

Nice one!

 

[billy1561]

Good to know for reference

 

[SoloCyclist]

Yes, it's true. I have just gone over to The Post Office and my bike is now fully insured away from home including accidental for £2995, although they were too expensive for a combined buildings and content. I did a seperate search for buildings only and believe it or not The post Office came up very competitive, like for like.

So I phoned them up and said two seperate policies are £100 cheaper than the combined you offered me and they matched it. :-).

 

[19Andy82]

For bikes over £1500, the most competitive provider supposedly is Velosure. Plus, whereas you're only covered at home on 'home' insurance, cycle guard, velosure and other specialist providers cover you everywhere. Although velosure looks like the most well rounded, especially for really expensive bikes

 

[SoloCyclist]

Home insurance covers you away from home, for accidents you cause as well as others hitting you and you also get full liability if you cause serious damage to others

 

[srw]

Most household policies have a limit of indemnity of £1m - £2m. If you put someone in a wheelchair and needing constant care for life that could easily be a claim of £3m - £4m.

 

[PaulSB]

For bikes over £1500, the most competitive provider supposedly is Velosure. Plus, whereas you're only covered at home on 'home' insurance, cycle guard, velosure and other specialist providers cover you everywhere. Although velosure looks like the most well rounded, especially for really expensive bikes

I've just been quoted, and accepted, £234 by Santander for Buildings and Contents and two bikes, home and away, new for old. Previously we had M&S which has gone up to £385 and altered the cycle policy- which was the prime reason for going to M&S!

Velosure wanted £168 for my Dolan Dual (£2000) and £141 for my Monoc TC2 (£1500) total £309!!

One thing to be aware of is some home insurers require a valuation certificate that is less than three years old at the time of taking out the policy. So the receipt for the Dolan is valid but for the Monoc I have to ask my LBS for a valuation certificate to replace the Monoc on new basis.

 

[Nick Latham]

Pally83,

Thanks for your suggestion of the Post Office. Just been having terrible trouble getting contents insurance on a house I've just moved into and wanting to include two road bikes. First of all, half the insurers wouldn't insure the property because there's a 'flood risk' (according to the environment agency, the house couldn't flood), then those that would wanted to charge £300-400 to insure the bikes.

Post Office total premium including bikes at £2,700 and £1,050, was £250. Job done.

Thanks again for the suggestion!

Nick

 

[Spinney]

Hmm. I tried the post office and they were mega expensive - although I think this was more to do with living in a house of which parts date from 1850 or so, rather than because of the bikes! So not necessarily the best bet for everyone.

 

[pally83]

Yep - may not be best for all. They were way off competitive for my old house (1880s terrace in a high crime area).

Glad it works for some.