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I have my household insurance with the NFU (I'm not a farmer and live in London) and have 5 bikes listed with the most expensive down at £9,750. They charge me £42 a month for all the bikes and my home contents insurance. I've had to make 3 bike claims in the last 10 years (2 x crash, 1 x flight damage). On all occasions they've sent me a cheque in the post within a week of me raising a claim and have been absolutely brilliant. They are all covered with no depreciation in value.
Saffronspokes-
Oooft this exactly what I wanted to hear. I'm up in Scotland, also not a farmer but do live fairly close to a farm...
Thanks, I'll get a quote from them just now.
My bikes are kept in a securely locked detached garage on my property. Theres a very quiet voice in my head telling me in that in over 20 years I've never had a bike nicked or knackered one completely in a crash. Also lucky to live in a place where crime like burglary is virtually non existent.
But the value of my collection of bikes is at an all time high and I of course know its better to be safe than sorry no matter what the wee voice inside my head is whispering.Bikmo and Laka seem to offer a lot on the policy I'm not sure I need. I literally don't leave a bike locked or unattended. But if I woke up one day to find the garage was empty, I'm not sure I could fully recover from that...
TotalShanner
Oh my god. Trying to find the right policy for insuring my bikes is giving me a huge headache.
I have 4 bikes, the most expensive one would cost about 10k to replace with a like for like new one right now.
I'd like to add them to a home contents policy but I cant figure out who would insure them up to such high values but more importantly actually pay out what it would cost to get a like for like bike.
Using the comparison websites most of the big names say they will replace at current market value, but I want a policy that would replace at the price paid new.
All my bikes are essentially custom built bought as framesets and built with individual parts by me.
Ive just looked at bikmo and the quote to insure 4 bikes worth a total of £24k is £1,360. This would seem to be new for old with no depreciation.
bikmo seems to include a lot of other benefits like physio, counselling and dental injury etc... I'm not sure I really need all that.
Is anyone with one of the bigger name insurers that have bikes similar value to mine insured with a policy that would be new for old with no depreciation?