Bike Insurance

Hi all,

This thread is very interesting and a bit confusing as insurance providers seem to change the rules at random times. I have 2 questions -

1. Is it true that normal house insurance covers one bike per household member (family)?
   
2. For 20 bikes (11 built and the rest frames, wheels, parts - but enough parts to build them all) who will insure me? Only 2 are valued at over £1000.
   
   

Thanks all,

Richard

1. Depends on your insurer, but none that I've spoken to.
   
2. M&S without any special declarations unless those two valued over £1000 are also each valued at over £2000.
   

Thanks for that, i will give them a call.

Have a great weekend,

Richard

cyclesure or ETA?

just for one bike valued over £1k but under £2k

home insurance?

Hi all,

I was wanting to get some bike insurance and see that Cyclesure (i.e. Hiscox) offer the added option of 'Personal Accident' cover which would be good as I am a freelancer who rides to work each day, so if I was to have an accident and couldn't work for a considerable amount of time I would like to have some assurance that I wouldn't go bankrupt as I'm not entitled to sick pay. But reading their policy document it lists an Accidental Bodily Injury as:

"An identifiable physical injury which is caused solely by an accident directly arising from your use of a cycle, occurring at an identifiable time and place, which results in your death or permanent total disablement, loss of eye, loss of hearing, loss of limb or loss of speech within 12 calendar-months of the date of the accident."

So am I reading this correctly that I would need to basically die or suffer a permanent disability before they would pay out anything? i.e. If I broke my leg and couldn't work for a few months for example I wouldn't be covered? If so that seems a bit extreme, if anyone has any experience of advice regarding this it would be much appreciated.

Cheers!

I can't speak for the personal injury side of things but cycle guard were absolutely brilliant when my old bike got stolen. You get the insurance amount as credit at the store of your choice, to buy whatever you want in that store. I ended up getting a groupset and set of carbon wheels and then buying frame and the rest myself.

They were great to deal with, so just thought I'd share my good experience and recommend them highly !

Hope this helps other people !

i've heard good things about cycle guard too from people at work - think i'll consider them first when my new bike arrives this next week.

Want to insure my new bike (quite pricey...) and got raped by every quote, really. Cheapest I got was 35 quid a month from E&I. Anyone used them?

It'll be covered by my home insurance but not up to full value, so...

I've got cover with E&I for a Condor. Not got details to hand but about £150pa for ~£1500 bike. Not had cause to claim but they were the cheapest out there by a good amount when I was researching it.

So who are people using these days for insurance? Hiscox, Cycleguard, M&S?

Was with M&S, had the terms changed at renewal, but they still worked out cheapest/best by declaring the bikes over . I declared 1x £6500, 1x £3500, 1x £2500 and 2x <£2000. Charged me £15/month or so over my regular premium.

Also, I claimed once a couple of years ago for accidental damage to a bike and they were great and then earlier this year for a lost phone/case/wallet/cash and they were excellent again.

Cycleguard insurance, anyone had any experience with them? Opinions?

I'm looking at them too. The only issue is I can't see anywhere with worldwide coverage for more than a month... Anybody had experiences with this?

I had a shit experience with cycleguard. Left my bike outdoors with a fat D lock through the frame and the wheels cable locked with a 10mm jobby, came back to find the cable cut and the wheels gone.

Rang cycleguard, their response was "If it's removable from the bike then we don't cover it", so essentially you're paying to insure your frame.

Had a sales call from them recently where they said "oh no you'd be covered for that now", but haven't seen either a T&Cs that say that, or any offer of the money they owe me from my previous claim.

Anyone have experience with YellowJersey? They seem fairly new to scene and started by cyclists for cyclists.

http://www.yellowjersey.co.uk/

Way back in the day, London's first bike shop chain was called Yellow Jersey ...

A new policy just launched, aimed at high-end bikes but great policy cover and one of the best insurers you could choose from a claims paying perspective

https://bikmoplus.com/

https://bikmoplus.com/docs/key-facts.pdf

My Hiscox renewal docs just came through the post:

£3,500/bike.

The answer may already be somewhere in this thread but hopefully you don't mind for me asking again. Im a student at uni and have just moved into my first house. been looking at getting my bike insured but all the main companies I've looked with so far have been asking me to give the make/model of my bike in order to insure it but my bike is made from all different parts sourced from the forum pretty much so the companies have said they can't cover it because theres no category for that. any advice? cheers

Anyone got any experience of claiming on accidental damage at home? Hypothetically, if I was to knock over my bike and put a dent in its top tube, what would the deal be with repair/replacement? It's a 90s Argos 853, so would I need to get a valuation from an LBS or something? or do insurance companies take your word for it/base it on what a new one would cost?

Thinking about Bikmo+ who do new for old.

I'd be interested to hear if anyone knows anything on this too...

So actually there is not such think like a bicycle insurance? For those who just wants insurance they bike which was build up by thems selfs with different parts. I'm so confused.

What is the best way to insure bikes these days?

Separate insurance or bundled in with household?

Depends on the price of the bike I think. I added a few ~ £1,000 bikes to my John Lewis home insurance for not much at all on top of the standard premium. Beyond that kind of price range though I think you end up looking at either separate bike insurance or more specialised insurers like Hiscox (with an associated increase in premiums).