"Graham John Wakley" **ihatespam**
[email protected] said:
>Rather than having it covered by the house contents (My parents want me to insure it seperately) I
>was wondering if anyone could recomend any companies to insure my bike ?
Every time this comes up, the recommendation is to put it on the house insurance, either as a named
item under an all-risks extension or under a pedal cycle extension. Some of these can be poor value
(though I've had good experiences with Royal Sun Alliance, now MoreThan), but almost all are a lot
cheaper than standalone cycle policies, especially if you are insuring multiple bikes.
Why don't your parents want it on the house insurance? Afraid of jeopardising a no-claims bonus?
I've got no arguments to convince them really, but have always found standalone policies deeply
uncompetitive on price and cover.
>It's a 3 year old BobCat Trail which I have spent a lot of money putting decent wheels and Deore
>kit on. Aparently E&L will only replace it with a similar bike, so all the extra bits I put on
>would be lost.
Dunno who E&L are. However, any decent insurer will take note of what you already have, and be able
to replace like for like - in our case, this meant RSA giving me a cheque so I could build a new
bike from a bare frame. Similar, in other words, should mean 'equivalent frame, equivalent wheels,
equivalent bits' not simply 'new Bobcat Trail.'
Shop around, and work on your folks - if it help to convince them, RSA didn't hike our premiums even
after two claims in two years, one bike, one not.
John