Insurance

What bike and bike bits should you buy?
socrates
Posts: 317
Joined: Mon Oct 25, 2004 11:49 am
Contact:

Insurance

Postby socrates » Wed Oct 10, 2012 10:11 am

Hi there.
Has anyone out there got a recommendation for a good insurance company. I am looking to insure a Cannondale Evo. Not for racing , just accident and theft.

Thank you.

User avatar
CookeeeMonster
Posts: 1540
Joined: Wed Apr 25, 2012 13:47 pm

Re: Insurance

Postby CookeeeMonster » Wed Oct 10, 2012 10:52 am

ETA are very good...not that I've had to claim from them yet, but they cover everything and dont have stupid rules like you must have Lock type A/B/C on your shed etc etc etc

And there is no depreciation so you get back what you insured the bike for (minus £25 excess I think)

some more here: http://www.londoncyclist.co.uk/bicycle-insurance/
Rose PRO DX CROSS-3000
Charge Filter

socrates
Posts: 317
Joined: Mon Oct 25, 2004 11:49 am
Contact:

Re: Insurance

Postby socrates » Wed Oct 10, 2012 11:01 am

Much obliged. Thank you.

User avatar
Gizmodo
Posts: 2025
Joined: Wed Aug 24, 2011 19:27 pm

Re: Insurance

Postby Gizmodo » Wed Oct 10, 2012 19:15 pm

The general consensus seems to be to add the bike to your house insurance. Phone whoever you are currently insured with and get a quote. When it comes time for renewal look around for quotes including the bike. Mareks and Spensers and The NFU insurance both get great feedback on other posts.

lawrences
Posts: 1022
Joined: Mon Aug 06, 2012 11:56 am

Re: Insurance

Postby lawrences » Wed Oct 10, 2012 20:10 pm

What I've discovered from several hours looking at bike insurance is that if it's stolen while you're out and about, then the chances of you successfully claiming are minuscule. you can't leave it in the same place for over 12 hours, Must have a sold secure gold lock weighing in at 5kgs and must have receipt for the lock from when you bought it. if you actually meet all those criteria I have 2 questions

-Why do you keep receipts for bike locks?
-And why do you carry a 5Kg bike lock when you go on rides.

I got bike insurance for accident cover and insurance if it's stolen from my room. Past that it's not that useful.

but I would recommend looking on the British cycling website they claim to offer a discounted policy to British cycling members.

yeachan153
Posts: 332
Joined: Thu Feb 10, 2011 18:27 pm

Re: Insurance

Postby yeachan153 » Wed Oct 10, 2012 22:09 pm

Who says the lock needs to be 5kg? ETA don't say that.H

Teisetrotter
Posts: 254
Joined: Fri Jul 27, 2012 14:14 pm

Re: Insurance

Postby Teisetrotter » Wed Oct 10, 2012 22:22 pm

I checked the British Cycling insurance. £128 for a £2k bike kept in the house.

lawrences
Posts: 1022
Joined: Mon Aug 06, 2012 11:56 am

Re: Insurance

Postby lawrences » Wed Oct 10, 2012 23:24 pm

yeachan153 wrote:Who says the lock needs to be 5kg? ETA don't say that.H


try finding a gold standard lock that you can lock wheels and frame with that wouldn't mind carrying around.


£120 sounds pretty good. cheaper than ETA atleast.

blue_berry
Posts: 1
Joined: Sat Oct 13, 2012 04:31 am

Re: Insurance

Postby blue_berry » Sat Oct 13, 2012 04:54 am

socrates wrote:Hi there.
Has anyone out there got a recommendation for a good insurance company. I am looking to insure a Cannondale Evo. Not for racing , just accident and theft.
Thank you.


Had you checked online? I think you can find a lot of insurance company offering their services if you'll just Google it. Goodluck!

User avatar
CookeeeMonster
Posts: 1540
Joined: Wed Apr 25, 2012 13:47 pm

Re: Insurance

Postby CookeeeMonster » Sat Oct 13, 2012 15:00 pm

I only needed a silver rated lock, I'm sure you only need a gold standard for bikes worth £1500 or more (or similar)

And I've got a gold rated lock too - no idea where you get the 5kg weight from, mines less than 2kg.

Also...I don't live in a great area yet eta charged me just under £90 - of course depends on the value of bike. Still a lot compared to what I pay for Vespa insurance and so on but it gives good piece of mind. I've heard a few bad stories of people claiming on house insurance and getting next to nothing back apart from losing their no claims and so on. And you almost certainly need their approved locks on your shed if you keep it there (they may not even cover it if left in a shed - even some bike specific ones I looked at wouldn't.

Basically whatever you go for check the small print!!!

EDIT: just looked up the price of a cannondale Evo - yeah you gonna have to pay more and use a gold standard lock ;)
Rose PRO DX CROSS-3000
Charge Filter

Wobblehead
Posts: 244
Joined: Sun Jan 18, 2009 09:10 am

Re: Insurance

Postby Wobblehead » Sat Oct 13, 2012 16:23 pm

Mine costs me £30 per month for a £5K bike, will cancel it over winter as I keep it in the house

Just renewing house insurance at present and will try to get it added to this.

User avatar
simona75
Posts: 330
Joined: Sat May 26, 2012 17:24 pm

Re: Insurance

Postby simona75 » Mon Oct 15, 2012 18:10 pm

Just checked with my contents provider (lloyds) about whether my bikes were covered under my contents whilst at home (they are) and they rather kindly gave me cycle insurance (theft and damage whilst out and about and 60 days cover overseas) for free. Still got to checks the exact t&cs but may be worth checking with your contents provider what they can do

User avatar
thegreatdivide
Posts: 4245
Joined: Wed Oct 20, 2010 11:12 am

Re: Insurance

Postby thegreatdivide » Mon Oct 15, 2012 18:49 pm

I've got three bikes insured by M&S for damage and theft outside the house - one bike is listed at £6.5k so it's outside the £5k limit and bumped the cost up. In total I'm paying about £46 for contents plus bikes. It's a lot but it's piece of mind.
"Crevaison sur les paves..."


Return to “Road Buying Advice”

Who is online

Users browsing this forum: bsharp77, G.man, Germcevoy, Johnson4, jonnyc1973, rando and 13 guests