Bike Insurance

[Turkey Tickler]

Hi there

Does anyone know of any decent bike insurance schemes in the UK?

I had a quote from http://www.cycleguard.co.uk of £94 pa for bikes up to the value of £1000.

Is this competative?

tia

Chris

 

[Disgruntled Goa]

On Thu, 17 Jul 2003 20:58:08 +0100, "Turkey Tickler" <[email protected]> wrote:

>Hi there
>
>Does anyone know of any decent bike insurance schemes in the UK?

I think that adding them to home contents insurance is generally a better value deal than specialist
policies, but ICBW.

>I had a quote from http://www.cycleguard.co.uk of £94 pa for bikes up to the value of £1000.

Doesn't sound too bad, but have a look at the small print. Doesn't look like your covered if your
lock is nicked along with your bike.

>Is this competative?

OK, plugging my info into their quote generator it comes up with a figure of £307p.a. We added two
bikes at a total value of £2500 to our insurance and ended up paying about an extra £5 a month
(£60p.a.!) We're covered for third party, accidental damage, new for old, no depreciation and with
only a £25 excess. The only condition is that bike must be securely locked if unattended. That's it.
No approved lock list, no need to supply remains of lock and receipt if bike is nicked, nothing.

Obviously, YMMV. but I'd check with a couple of household contents insurers before shelling out.

--
DG

Bah!

 

[Chris French]

In message <[email protected]>, ESSCo <[email protected]> writes
>Hi
>
>I'm going through exactly the same process at the moment. I'm trying to get a £1500 Marin insured.
>My household insurance will cover upto £1500 for all bikes/a single bike for an extra £40, but that
>would leave the other bikes in the household without cover! It may be cheaper for me to move my
>household insurance in the long run.
>

Indeed, I have done that before (well it wasn't the only reason but it was a significant one)
standalone bike insurance just seems so uncompetitive.

FWIW I'm insured via Nationwide's household insurance (underwritten by Churchill IIRC, and basically
the same) but the best company for someone varies greatly. Other possible companies have been
mentioned here before.

Google Groups is your friend.
--
Chris French, Leeds

 

[Turkey Tickler]

Thanks to eveyone for their help - I hadnt even considered the idea that my existing hhold insurance
might cover me - i'll try that first.

Thanks again

Chris "Turkey Tickler" <[email protected]> wrote in message
news:[email protected]...
> Hi there
>
> Does anyone know of any decent bike insurance schemes in the UK?
>
> I had a quote from http://www.cycleguard.co.uk of £94 pa for bikes up to
the
> value of £1000.
>
> Is this competative?
>
> tia
>
> Chris

 

[Essco]

Hi

I'm going through exactly the same process at the moment. I'm trying to get a £1500 Marin insured.
My household insurance will cover upto £1500 for all bikes/a single bike for an extra £40, but that
would leave the other bikes in the household without cover! It may be cheaper for me to move my
household insurance in the long run.

Dave

"Disgruntled Goat" <[email protected]> wrote in message
news:[email protected]...
> On Thu, 17 Jul 2003 20:58:08 +0100, "Turkey Tickler" <[email protected]> wrote:
>
> >Hi there
> >
> >Does anyone know of any decent bike insurance schemes in the UK?
>
> I think that adding them to home contents insurance is generally a better value deal than
> specialist policies, but ICBW.
>
> >I had a quote from http://www.cycleguard.co.uk of £94 pa for bikes up to
the
> >value of £1000.
>
> Doesn't sound too bad, but have a look at the small print. Doesn't look like your covered if your
> lock is nicked along with your bike.
>
> >Is this competative?
>
> OK, plugging my info into their quote generator it comes up with a figure of £307p.a. We added two
> bikes at a total value of £2500 to our insurance and ended up paying about an extra £5 a month
> (£60p.a.!) We're covered for third party, accidental damage, new for old, no depreciation and with
> only a £25 excess. The only condition is that bike must be securely locked if unattended. That's
> it. No approved lock list, no need to supply remains of lock and receipt if bike is nicked,
> nothing.
>
> Obviously, YMMV. but I'd check with a couple of household contents insurers before shelling out.
>
> --
> DG
>
> Bah!