Loophole for insurers over E-bikes.

[Cycleops]

This came up on my Google news feed. It could be your E-bike may not covered if it's stolen. Might be wort checking your policy.
https://www.thisismoney.co.uk/money...-claim.html?ito=native_share_article-masthead

 

[numbnuts]

Yeah I read that couple of days ago, anything to get out of paying up

 

[Archie_tect]

Thanks for posting Cycleops- will be checking our policy later today!

 

[welsh dragon]

If they had read the policy documents, it clearly stated that motorised vehicles accept garden ones were not covered. It isn't a loophole.

 

[Archie_tect]

It's clearly stated on page 264...

 

[welsh dragon]

It's clearly stated on page 264...

Slight exaggeration there i think.

 

[Archie_tect]

Slight exaggeration there i think.

Page 263?

 

[welsh dragon]

Page 263?

That's better

 

[figbat]

If they had read the policy documents, it clearly stated that motorised vehicles accept garden ones were not covered. It isn't a loophole.

View attachment 579473

This is such a common theme. People failing to read T&Cs and then getting upset when they fall foul of the very T&Cs they agreed to. There’s a similar thing at the moment with Netflix, who are clamping down on account sharing across households. “It’s not FAIR!!!” opine the ignorati, yet there it is in the contract they agreed to.

 

[Eric Olthwaite]

I don't think it's a loophole. On the other hand, insurers must be aware of this as a growing issue, and it's a bit disappointing they don't seem to be taking the initiative of alerting their policy holders, and giving them the opportunity to pay a little bit more for ebike cover.

 

[Archie_tect]

One of the T&Cs in our building contract documents was a requirement for site meetings to include bacon sandwiches and tea in the morning or a selection of fresh cream cakes and tea in the afternoon. That was rigorously enforced.

 

[welsh dragon]

I don't think it's a loophole. On the other hand, insurers must be aware of this as a growing issue, and it's a bit disappointing they don't seem to be taking the initiative of alerting their policy holders, and giving them the opportunity to pay a little bit more for ebike cover.

Is it the insurers to do that? That would set a prescident surely. It Is the policy holders duty to make sure they know what they are buying. After all when you buy a kettle its up to you to make sure it's suitable for your needs not the manufacturer or the seller.

 

[Archie_tect]

People will soon walk away from insurers who try to enforce bad terms.

 

[welsh dragon]

People will soon walk away from insurers who try to enforce bad terms.

Not bad terms. READ THE DOCS. Simple.

There are plenty of specialised insurers who insure Ebikes. I have one (that reminds me I have to renew it) that gives reasonable cover, liability insurance etc.

 

[Cycleops]

Not bad terms. READ THE DOCS. Simple.

Yeahbut how many do? Not trying to excuse those that don’t but it is a fact. If you have things which you not sure about you need to ask the question.