Insurance?
- Thread starter knonist
- Start date
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Crankarm
Guru
- Location
- Nr Cambridge
knonist said:
3rd party cover for £1 million is not enough. So often I hear "travel experts" saying you need a policy with at least £5 or 10 million worth of cover.
Plus personal accident is far too low at £20k.
And how often does a bike break down???? If you can't mend a puncture then you should..........learn or walk. Paying for perceived benefits that are there just to off load more cash from consumers are a rip off.
My house insurance gives worldwide cover provided my bikes are locked when away from my home. My bikes are named on the policy the cost of which is about £50 above not having bikes on the policy. I have a few bikes so it is very cost effective. It is often more cost effective to self insure with cheaper bikes.
My 2ps worth.
Crankarm said:
This is the only insurance I found that could allow me to keep my bike in a shed without having to attaching to a immovable object.
My home insurance wouldnt allow me to do so, and it is the only insurance conmany which do tendant insurance in a shared house.
The break down protection do not cover for punctures, but as a commuter which will be travelling in country lanes for 20 miles a day, knowing someone will come and pick you up if something happened is very assureing in the winter
Twanger
Über Member
- Location
- Crystal Palace, London
knonist said:
That depends on the plaintiff's lawyer, not on your mode of transport. So, yes.
Thanks for the interesting thread and advice - I am just looking to renew my home insurance and include cover for my (as yet un-bought) new bike (the current steed does not appear to need insurance! Touch wood) and M&S seems like a good deal (and fairly competitive price). I've just rung them up to double check it's as good as it seems. Bikes covered in a locked shed (no immovable object required), just need proof of forced entry, cover away from home (need to tick that option) and value up to £4000 with no excess.
slowmotion
Quite dreadful
- Location
- lost somewhere
I got £500 of cover for £49 p.a. from Evans Cycles, and I live in a high risk postcode. I think that Cycleguard is exactly the same policy but Evans was ten quid cheaper. I went for 90 days cover in the EU as well as the standard UK cover.
The small print is pretty scary. I think I can lock the bike to railings etc for 12 hours before they regard it as abandoned, and I have no cover. At home, however, the bike has to be on my property and locked to something solid, and there has to be signs of forcible entry. That means I can't lock it to my own front railings, even for 12 hours. Insurers are complete swine IMVVHO.
I looked into getting insurance on my home contents scheme, but it didn't make financial sense. If I claimed for the theft of a £500 bike, I would lose my No Claims Bonus on thousands of pounds of contents insurance. It just didn't stack up.
I hope this helps somebody.
The small print is pretty scary. I think I can lock the bike to railings etc for 12 hours before they regard it as abandoned, and I have no cover. At home, however, the bike has to be on my property and locked to something solid, and there has to be signs of forcible entry. That means I can't lock it to my own front railings, even for 12 hours. Insurers are complete swine IMVVHO.
I looked into getting insurance on my home contents scheme, but it didn't make financial sense. If I claimed for the theft of a £500 bike, I would lose my No Claims Bonus on thousands of pounds of contents insurance. It just didn't stack up.
I hope this helps somebody.
