Bike Insurance

General cycling advice ( NOT technical ! )
lackofgrip
Posts: 168
Joined: 26 May 2011, 10:30am
Location: The Dearne Valley

Bike Insurance

Postby lackofgrip » 27 May 2011, 8:40am

I'm after a policy for bike insurance as I've just bought a new full carbon fibre bike, so don't want to be out of pocket if I come off or damage it.

Could anyone recommend a good insurer?????

Regards

Lackofgrip
Previous :- Raleigh Burner,Grifter,Chopper,Activator, Claude Butler Rock, Carrera TDF, Focus Cayo, T30 Hybrid, Planet X Team Alu, TREK 1.5, Specialized Rockhopper SL, Raleigh Medale Fixie, Pro Carbon TT
Current :- CUBE Peloton Race, Planet X Kaffenback 2

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[XAP]Bob
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Joined: 26 Sep 2008, 4:12pm

Re: Bike Insurance

Postby [XAP]Bob » 29 May 2011, 9:03am

My house insurance covers accidental damage...
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byegad
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Re: Bike Insurance

Postby byegad » 29 May 2011, 11:48am

Where ever you buy. Read the small print! Expect to pay over 10% of the bike's value as an annual premium.
"I thought of that while riding my bike." -Albert Einstein, on the Theory of Relativity

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PaulB
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Joined: 7 Jan 2007, 10:35pm

Re: Bike Insurance

Postby PaulB » 29 May 2011, 11:25pm

I have looked at a few bike insurance firms and found that the conditions of use made the policy worthless. I was looking for theft and damage cover but the restrictions about where to keep the bike, how to lock it etc. etc. were just silly. If you have a nice lightweight carbon fibre bike you will not wish to lug a heavy shackle lock around. As for damage, then do read the very small print. Insurance policies are written for the benefit of the insurance companies not for the users.

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danfoto
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Location: East Sussex

Re: Bike Insurance

Postby danfoto » 30 May 2011, 8:10am

FWIW I've recently rotted my brain looking at alternatives for house contents and separate cover for two bikes and a cargo trike (total replacement cost over £5K), and the clear winner is Marks and Sparks contents, as part of which the bikes are covered without a premium loading.
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sirmy
Posts: 594
Joined: 11 Mar 2009, 10:53am

Re: Bike Insurance

Postby sirmy » 30 May 2011, 9:10am

I'm in the process of looking at insurance as well and so far ETA appear to be coming out as the front runner (https://www.eta.co.uk/insurance/cycle) - they have thing like taxi fare home or to your destination in the event of a breakdown included as well as the best death benefits (god forbid)

DavidT
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Joined: 13 Jan 2007, 2:05pm
Location: East Midlands (Originally from Devon)

Re: Bike Insurance

Postby DavidT » 30 May 2011, 2:37pm

As others have said, cycle specific insurance seems to carry an awfull lot of small print, especially regarding the lock you have to use - at home as well as out and about! So read carefully. You also need to decide if the ultra lightweight carbon fibre beauty you have is worth being compromised by the Gold standard locks you may have to use to keep the insurance in place. I have my bike on my house insurance which seemed the best bet, and always worth checking out. I've compromised the "new for old" policy on basis I can have more sensible choices of lock on my various travels.

Otherwise, ETA seem one of the better of the small print brigade!

lackofgrip
Posts: 168
Joined: 26 May 2011, 10:30am
Location: The Dearne Valley

Re: Bike Insurance

Postby lackofgrip » 30 May 2011, 4:21pm

Thanks for all your replies people it's been a great help
Previous :- Raleigh Burner,Grifter,Chopper,Activator, Claude Butler Rock, Carrera TDF, Focus Cayo, T30 Hybrid, Planet X Team Alu, TREK 1.5, Specialized Rockhopper SL, Raleigh Medale Fixie, Pro Carbon TT
Current :- CUBE Peloton Race, Planet X Kaffenback 2

Tandem Man
Posts: 233
Joined: 22 Jun 2007, 9:14pm
Location: Wakefield,West Riding of Yorkshire

Re: Bike Insurance

Postby Tandem Man » 30 May 2011, 8:32pm

As previously mentioned,Marks and Spencer.

No particular locks specified,I rang and checked,bikes ( or anything else ) covered up to £4K.

I have had a claim through them as well,excellent.

Ian
Ian From Wakefield