Bike Insurance

General bike chat that does not fit elsewhere
peyroux
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Bike Insurance

Postby peyroux » Wed Nov 07, 2012 09:11 am

Hey guys, I need to get some insurance for my new Giant Defy 1. Are there any go-to companies that everyone seems to use? I want to be protected against it being nicked, getting knocked off, and 3rd party. I got a quote from the company that does my student insurance and they said £95-100 for a £1000 bike, sound about right?
Any help greatly appreciated,
Tom

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KonaMike
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Re: Bike Insurance

Postby KonaMike » Wed Nov 07, 2012 10:41 am

I have my bike insured for just over £2000 with Velosure and I am paying £150 a year.That includes public liability etc,so if I hit a wing mirror off a Ferrari Enzo or run down an old lady I'm covered !

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CookeeeMonster
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Re: Bike Insurance

Postby CookeeeMonster » Wed Nov 07, 2012 11:37 am

ETA are good, cover a lot of stuff and you get back what you insured your bike for - no depreciation

more here: http://www.londoncyclist.co.uk/bicycle-insurance/
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Kim10
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Re: Bike Insurance

Postby Kim10 » Wed Nov 07, 2012 12:17 pm

I dont use a specific bike insurance. I have 3 bikes included in my house content insurance at no extra cost!

nferrar
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Re: Bike Insurance

Postby nferrar » Wed Nov 07, 2012 12:23 pm

Specialist bike insurance is usually around 10% of the value per annum in premiums + a whole raft of strict T&Cs. You're usually better of going with contents insurance as long as you can get a high value bike covered (M&S used to be the best option but have changed their cover limits and increased premiums so not sure who's best now). If you want public liability cover (and your house insurance doesn't cover it) then just become a CTC or BC member as this is included, along with easy access to solicitors should you require them.

Teisetrotter
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Re: Bike Insurance

Postby Teisetrotter » Wed Nov 07, 2012 13:41 pm

Kim10 wrote:I dont use a specific bike insurance. I have 3 bikes included in my house content insurance at no extra cost!


Yep, me to. Just put my new bike on the contents insurance, £0. Also my Home insurance and British Cycling membership pays for personal liability up to £2,000,000.

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Wacky Racer
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Re: Bike Insurance

Postby Wacky Racer » Wed Nov 07, 2012 14:34 pm

Teisetrotter wrote:
Kim10 wrote:I dont use a specific bike insurance. I have 3 bikes included in my house content insurance at no extra cost!


Yep, me to. Just put my new bike on the contents insurance, £0. Also my Home insurance and British Cycling membership pays for personal liability up to £2,000,000.


Ditto
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Flâneur
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Re: Bike Insurance

Postby Flâneur » Wed Nov 07, 2012 20:31 pm

Depending on your house insurance (student house can be notoriously bad) worth a look and joining BC or CTC. If you want more cover say for damage on a fall maybe (not sure on this cover) or have poor content insurance then try ETA. I found this whilst looking http://www.londoncyclist.co.uk/bicycle-insurance/ worth a quick read.

My biggest worry was not theft (unlikely to leave my bike alone and house is covered/pretty secure with 2 large dogs to help) but liability and injury and damage with a fall or crash. On the other hand, still not sorted the insurance yet as I only found my frame number yesterday
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wilo13
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Re: Bike Insurance

Postby wilo13 » Wed Nov 07, 2012 23:24 pm

Join British cycling and you can get it through them. You will get public liability then, was very helpful when I smashed into a car after a tire blow out.
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Wobblehead
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Re: Bike Insurance

Postby Wobblehead » Thu Nov 08, 2012 07:49 am

Was paying £500 home and contents, plus £360 with protect your bubble for my best bike valued at £5K

Just changed to NFU, £720 but covers 5 quality bikes

Philinmerthyr
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Re: Bike Insurance

Postby Philinmerthyr » Thu Nov 08, 2012 08:38 am

Kim10 wrote:I dont use a specific bike insurance. I have 3 bikes included in my house content insurance at no extra cost!


Does this cover bikes away from home?

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Cannock Chase
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Re: Bike Insurance

Postby Cannock Chase » Thu Nov 08, 2012 09:21 am

Kim10 wrote:I dont use a specific bike insurance. I have 3 bikes included in my house content insurance at no extra cost!

Do bikes have to be kept in the house and not in the garage or garden shed?
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cadseen
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Re: Bike Insurance

Postby cadseen » Thu Nov 08, 2012 09:27 am

Always check your contents policy for cycle extension.
Last edited by cadseen on Sun Mar 02, 2014 22:01 pm, edited 1 time in total.

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jonomc4
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Re: Bike Insurance

Postby jonomc4 » Thu Nov 08, 2012 09:52 am

normally house insurtance only covers bikes up to £1,000 - my more expensive bikes I have specific cover for - this seems to cost me 14% of value per annum - I think I need to change it.


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