Insuring Your Bicycle

[Hip Priest]

I have third party cover via British Cycling, but having just ordered a £1200 road bike (which isn't covered on my contents policy) I'm looking for some advice on cycle specific policies, in case of theft.

I won't be letting the bike out of my sight in public, but when I'm not riding it, it'll be stored in my garage, which is separate from my house.

Any recommendations?

 

[glenn forger]

Mine's covered Third Party Fire and Theft cos I figured nobody would nick a bike that's on fire.

 

[Hip Priest]

Yeah. I've got disco insurance. Earth, wind, fire & theft.

 

[HLaB]

Ive went through Cycloguard Triathlon, I liked that it was insured unlocked for organised events but hopefully I never have to claim on it.

 

[Mr Haematocrit]

Protect your bubble, they are the only company which will cover me.

http://protectyourbubble.com/uk/bicycle-insurance/

 

[Hip Priest]

Protect your bubble, they are the only company which will cover me.

http://protectyourbubble.com/uk/bicycle-insurance/

Woah! Their prices are almost too good to be true. They've quoted me £2.19 per month, whereas Cycleguard wanted £100 a year even with a BC discount. I'll give them a call to check whether my garage is covered (it's complicated) but all being well that's a result.

There's a pint with your name on it if you're ever in Newcastle!

 

[boybiker]

Woah! Their prices are almost too good to be true. They've quoted me £2.19 per month, whereas Cycleguard wanted £100 a year even with a BC discount. I'll give them a call to check whether my garage is covered (it's complicated) but all being well that's a result.

There's a pint with your name on it if you're ever in Newcastle!

They are cheap for a reason. Look at the reviews on the internet before buying is all I will say!

 

[Hip Priest]

They are cheap for a reason. Look at the reviews on the internet before buying is all I will say!

Jesus.

Just had a search.

There's a site with loads of positive reviews, by people who haven't had to make a claim. Anyone who has had to make a claim with them seems massively hacked off.

 

[boybiker]

Jesus.

Just had a search.

I nearly made the same mistake and come to the conclusion a bike specific insurer would be better. You get what you pay for sometimes.

 

[Hip Priest]

I nearly made the same mistake and come to the conclusion a bike specific insurer would be better. You get what you pay for sometimes.

Who did you go with, if you don't mind me asking?

 

[boybiker]

Who did you go with, if you don't mind me asking?

I went with British cycling but I've not had to use it so couldn't recommended them. It's only when you come to claim you will find out how good/bad they are.

https://www.britishcycling.org.uk/membership/article/bike-insurance

 

[Hip Priest]

I went with British cycling but I've not had to use it so couldn't recommended them. It's only when you come to claim you will find out how good/bad they are.

https://www.britishcycling.org.uk/membership/article/bike-insurance

Cheers.

That's where I looked first. £108 per year it'd cost me. I need to work out whether that extra £70-80 per year is worth it. I might just sleep next to the bike.

 

[chernij]

I've gone with Cycleguard... seems pretty good and looks good online. Most important thing to me was roadside recovery.

 

[Cyclopathic]

I notice that insurers want proof of ownership in the form of a receipt. What do you do if you didn't buy your bike in one piece but sort of grew it organically from decent parts you gathered together here and there. And second hand. I've built up a bike from a Raleigh 531 frame and Shimano 105 bits group. The frame is 15 years old and the bits are about 10 years old so how would I even value it let alone prove to the insurance company it was worth that.

 

[Hip Priest]

I notice that insurers want proof of ownership in the form of a receipt. What do you do if you didn't buy your bike in one piece but sort of grew it organically from decent parts you gathered together here and there. And second hand. I've built up a bike from a Raleigh 531 frame and Shimano 105 bits group. The frame is 15 years old and the bits are about 10 years old so how would I even value it let alone prove to the insurance company it was worth that.

Tricky one that.

I imagine that a cycling-specific insurer would be able to give you a value based on your description. With regards to proof of ownership, when I was burgled a few years ago, photographs of the stolen items were deemed sufficient for items I didn't have receipts for.