Insurance

[uclown2002]

Just added bike cover to my house insurance with L & G and was surprised to be charged an additional £65. IIRC the annual premium was in the region of £200 before I added the bikes.
They were only interested in the bikes valued over £500 so declared Cannondale CAADX 105 (£1100 new) and Boardman Road Team at approx £600 second hand.
On reflection that seems like a lot so was wondering whether I'd be better off elsewhere. Anyone recommend other independent companies that are likely to be more competitive?

 

[vickster]

What's the excess? Does that also include away from home cover? You won't find cheaper from a specific cycle insurer

 

[Mr Haematocrit]

Think that's super cheap myself, your on a great result IMHO.

 

[uclown2002]

What's the excess? Does that also include away from home cover? You won't find cheaper from a specific cycle insurer

I need to look into the specific terms. I'll be back
Edit: loss of or damage in and out of home. No mention of an excess but I do have £150 voluntary on contents so might be applicable

 

[vickster]

Yes it will be

You would need to check the premium without. Is the £65 for the remainder of an existing term or a year, if the former, there may be an admin fee built in, the latter cheap as above Just check whether there are specific T&Cs ref locks etc, in my experience not for home contents add on but check. Also, keep hold of all receipts for bike, accessories on the bike etc, you'll need them if a claim

 

[uclown2002]

Yes it will be

You would need to check the premium without. Is the £65 for the remainder of an existing term or a year, if the former, there may be an admin fee built in, the latter cheap as above Just check whether there are specific T&Cs ref locks etc, in my experience not for home contents add on but check. Also, keep hold of all receipts for bike, accessories on the bike etc, you'll need them if a claim

Yes tks. £65 for rest of year but policy only been active for 3 weeks

 

[Chris Norton]

Mine costs 40 quid a year for my 1100 quids worth of bikes. Some conditions though. Good locks and they have to be locked at all times I'm not riding.