Third Party Insurance

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Mick F
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Joined: 7 Jan 2007, 11:24am
Location: Tamar Valley, Cornwall

Third Party Insurance

Postby Mick F » 22 Apr 2016, 5:27pm

It has been said by me ......... and many others ............ that one of the main reasons to be in the CTC/CUK is for the TP Insurance.
There was a thread not long ago and this subject was raised, and I said that I was going to talk to my insurance people and ask the question.

Our house and contents insurance covers me and Mrs Mick F up to £1m third party.
CTC/CUK "membership" has £10m

Take your pick:
"Membership" of the CTC/CUK ...................... or not?

Is £1m enough?
Mick F. Cornwall

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gaz
Posts: 14164
Joined: 9 Mar 2007, 12:09pm
Location: Kent, lorry park of England

Re: Third Party Insurance

Postby gaz » 22 Apr 2016, 6:10pm

I was hoping to find a post from thirdcrank on the subject. The best I can currently come up with is: viewtopic.php?f=7&t=25773&p=204490&#p204490

It's enough, until you face a claim of £1,000,001 :wink: .
There'll be tarmac over, the white cliffs of Dover ...

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robgul
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Joined: 8 Jan 2007, 8:40pm
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Re: Third Party Insurance

Postby robgul » 22 Apr 2016, 8:21pm

Mick F wrote:It has been said by me ......... and many others ............ that one of the main reasons to be in the CTC/CUK is for the TP Insurance.
There was a thread not long ago and this subject was raised, and I said that I was going to talk to my insurance people and ask the question.

Our house and contents insurance covers me and Mrs Mick F up to £1m third party.
CTC/CUK "membership" has £10m

Take your pick:
"Membership" of the CTC/CUK ...................... or not?

Is £1m enough?


£1 million is on the low side - but claims (famous last words) are few and far between hence premiums are relatively low - our household policy* is up to £5 million - but I also invested £10 in getting a personal policy from LCC to be sure - see http://lcc.org.uk/uploads/8085 - that is for £5 million and is my alternative to shelling out for the dubious value of CTC membership.

* BTW it also has a good level of cover for bike theft too with out stupid lock requirements (1 machine specified at £2,000 and a further £5,000 value with no single machine >£500 ... and I think the premium increase was about £15 p.a.)

Rob
E2E http://www.cycle-endtoend.org.uk
HoECC http://www.heartofenglandcyclingclub.org.uk
Cytech accredited mechanic . . . and woodworker