Bike Insurance

15 messages
03/12/2009 at 01:39
We're just about to renew our house insurance. Unfortunately this triathlon lark has caused us to acquire a small peloton of bikes. Most insurance companies allow us to insure these as part of an overall contents insurance but I was wondering whether it's better/cheaper to go for this option or insure the bikes separately through a specialist insurer? Id the latter, are there any companies that can be recommended? Thanks
03/12/2009 at 13:33
Specialist Insurance will cost a fortune!
I was looking to cover my Planet X SL Pro when I went to Barcelona because our contents insurance wouldn't cover bikes over £500.
I spent weeks looking for alternatives and I've forgotten the name of the bike insurance company now but they wanted almost £300 p/a!
My Ducati is less than that for f'ks sake!

Long story short, we changed our contents to M&S, they cover bikes up to £4000 here and abroad.
04/12/2009 at 00:31
You can almost hear the voice over:

This is not just Bike Insurance ...

I find it quite strange/amusing that these 'specialist' and established insurance giants come up with all these expensive schemes and then a purveyor of knickers and top notch ready cook meals comes along and wipes the floor with them.

M&S definitely worth a look when I get my new place in a few weeks, currently with esure and they cover my bikes for up to 60 consecutive days abroad subject to additional premium, can't remember how much but it wasn't a lot.

It seemed like a good idea at the time!!

Go Team Timmy
04/12/2009 at 00:56
You could try http://www.butterworthinsurance.co.uk/

I haven't used them, so can't comment either way.

Pain is just weakness leaving the body. http://www.hdcc.co.uk

06/12/2009 at 23:46
Thanks for all the replies

I did a general search for house contents insurance on a comparision site and it came back with a list of fairly good offers including M&S and (possibly ironically) the AA who were willing to insure the bikes at home and away so long as none of them were worth more that £1500 - won't cover the more space-age of tri bikes but will cover us even with the most recent and flashiest acquisition.
07/12/2009 at 08:39
You have to make sure they know everything about the security etc.....

I had a nightmare with trying to add my new rides to the house insurance, we kicked up a fuss and threatened to leave and go somewhere else....suddenly they could insure them!

I use my House insurance, I have had many quotes from companies who specialise in bike insurance and the cheapest I could get was £740 p/a.... twice the cost of my car insurance!
But then this is to insure £8000 with of bike....

The house insurance went up by about £300 a year...with the bikes added
07/12/2009 at 15:57
Think M&S did me £400 quid all in (contents, buildings,contents away from home and the £4000 for each bike).

As long as they pay up that looks like great value to me!

All men dream: but not equally. Those who dream by night in the dusty recesses of their minds wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act their dreams with open eyes, to make it possible.
07/12/2009 at 17:33
That sounds like value to me - I am looking into this - one question - what covers your bike when your out and about riding or when it's in the boot of your car and some numpty rear ends you crushing the bike ? My car insurance only covers me for £100 for contents!!

I'm at a loss - if my bike gets damaged or stolen there is no way I can afford to replace it.

Team Laws is a go!!!!

http://www.teamlaws.co.uk

We are live.
07/12/2009 at 19:30
I rang M&S and asked the same question...

If you tick the "cover away from home" box - all your contents (up to £4k individually) are covered.

I asked specifically - what if it's nicked off the roof rack, what if it's locked to a lamppost etc etc.

All covered.

All men dream: but not equally. Those who dream by night in the dusty recesses of their minds wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act their dreams with open eyes, to make it possible.
07/12/2009 at 20:16
Wicked thanks

Team Laws is a go!!!!

http://www.teamlaws.co.uk

We are live.
15/12/2009 at 11:40
But remember no content insurer including M&S will insurer you bike unlocked!! so even in transition you have to lock you bike with the approved locks and thats not for me

www.triathlonbikeinsurance.co.uk offers a good policy and you can pay monthly and they charge you 0% interest for that, thats pretty good in my books dont know anyone else doing that

"Its all about the race"

Kim
15/12/2009 at 13:14
Just checked with M&S they dont cover your bikes at competitions like Triathlons, only for training!!! and recreations, so there is a reason they are cheaper. Its all in the details

"its all about the race"

Kim
26/10/2010 at 10:20
This is an old thread - but a subject I know a LOT about. I am in a club and in the last 2 years (since I joined) 7 have had bikes stolen from garages, houses, conservatories etc..

So advice as follows from their experiences:

Brittania home insurance Paid out in cash within 3 weeks full value
Norwich Union: New for old within 10 days Plus the computer, tools, panniers etc. all covered (home insurance)
E and I: Paid out after 7 months – after excess and valuation paid only 53% of value
AXA awaiting payment after 5 weeks

Average premium was around 40 quid a month for 2 -3 good quality bikes. I have read all sorts of facts and figures about 1000 bikes a day getting nicked – often put on Gum Tree and ebay (search for stolen bike threads on Google – it is frightening how common it is)

I am mean. So I bought a mother of a bike shed lockup for the garden for less than 1 years premium and had no issues yet. I keep three bikes in it. Statistically I think Bonfire night has the highest bike theft of the year – cuz we are all outside, freezing, looking at a pile of burning wood with the kids!
26/10/2010 at 15:03
soz 4got to tell you where i got the bike lock up. :roll:
www.asgardsss.co.uk (if i spelt it correctly!)
13/06/2011 at 13:58
Nice thread!!!...I love bikes and I have one..and insured with Churchill and Churchill motorbike insurance that is quite popular amongst the bike insurance companies.it has best policy that suits the your budget and requirement.
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