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I've just taken out contents cover with Admiral and listed my 2 bikes at £2k each, was going to ask if anyone had any experience in actually claiming with that sort of policy? Apparently the bike's are covered as long as they're either behind a locked door or locked to something secure (I think they list a railing or a bike stand as examples) with a sold secure gold lock. Both my bikes are made up of mostly second hand parts and didn't cost me anywhere near the £2k they're insured for but the policy needed the value of a new replacement. In the case that one of the bikes does get stolen whilst it's locked up, is it up to me to prove that it was locked with a sold secure gold lock to a secure object?
Also, for what it's worth, due to having car insurance through Admiral already and receiving a decent discount as a result, the cost of the contents insurance worked out at about £40 until the beginning of March when the car insurance expires.
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ltc
@Vince
Just echoing what has been said before - I am with Admiral * for my home insurance and I have 2x £3.5k bikes listed on the policy - the additional premium for those (covered at home & outside) was around £70 for the year.
You will be able to auto-refer yourself via Quido and get a decent amount of cashback
This, to me, was a better deal than bespoke bike insurance which came at around 5% of the value of the bikes corresponding to £350 per annum.
Personally, I thought it was utter madness / a license to print money as this is more than what I pay for 1x house, 1x motorbike, 1x car for the year.