Short-term insurance (one month)

General cycling advice ( NOT technical ! )
becky.morton
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Joined: 20 Feb 2019, 11:27am

Short-term insurance (one month)

Postby becky.morton » 20 Feb 2019, 11:33am

Does anyone know any companies which offer bicycle insurance for just one month (not for a whole year)? My current insurance expires very soon and it only offers annual cover. I am planning to sell my bike soon but would like to have it insured until I do. Thanks!

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mjr
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Joined: 20 Jun 2011, 7:06pm
Location: Norfolk or Somerset, mostly
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Re: Short-term insurance (one month)

Postby mjr » 20 Feb 2019, 12:54pm

https://www.laka.co.uk/?referralCode=tobi# and I think there's another similar business model. Enter code "podcast" to get a £10 credit, thanks to thecyclingpodcast.com
MJR, mostly pedalling 3-speed roadsters. KL+West Norfolk BUG incl social easy rides http://www.klwnbug.co.uk
All the above is CC-By-SA and no other implied copyright license to Cycle magazine.

AndyK
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Joined: 17 Aug 2007, 2:08pm

Re: Short-term insurance (one month)

Postby AndyK » 20 Feb 2019, 2:32pm

mjr wrote:https://www.laka.co.uk/?referralCode=tobi# and I think there's another similar business model. Enter code "podcast" to get a £10 credit, thanks to thecyclingpodcast.com

I was looking at this the other day. Two things to note:

The premiums can vary month by month according to how many claims the other customers in your "group" have made. (In effect, if someone else makes a claim, you help pay for it.) There's a defined maximum limit, though.

The terms require you to lock your bike with a Sold Secure Gold rated lock when away from home, regardless of its value, which is more rigorous than some other policies and means using a fairly heavy lock. Arguably that makes it less than ideal for roadies who want to know they're covered during a cafe stop and don't want to lug half their own body weight in metal around with them. (Some of them are very skinny. :-))

I'm not saying it's a bad idea, and it does have the flexibility to be used as a stopgap option for a month or two, but it's worth being aware of those features.

pete75
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Joined: 24 Jul 2007, 2:37pm

Re: Short-term insurance (one month)

Postby pete75 » 20 Feb 2019, 2:49pm

Have you checked to see if your household insurance covers bikes?