Bike Insurance

They took the padlock of my shed - police said it was because they can get prints off shiny surfaces. I'm sure that's why they took your lock.

A little bit unconvincing to argue thieves cut the lock then took it with them?? Normally they ask for the remains of the lock.

actually theft tend to take the lock, almost 90% of the time (I think).

Because I'm such a criminal mastermind, I mentioned the dustbin in the police report.

Getting my missus nicked for reckless endangerment is best suggestion so far.

round the dustbin and through the railings/street sign - to which the bin you mentioned was attached

if they ask why the bin- or why you mentioned the bin say you were filling up the lock so that it could be a) smashed on the ground b) levereged off thus more secure including the bin

thats how i would get round it if the explanation is called for

Looks like your Mrs owes you a new bike :(

What is the best way to insure my bike. Which companies and such? and how much is too much? Arizona doesnt offer this option so I am rather eager to take part in such a good idea.

Looked around, but just went with sticking it on my home insurance in the end. Cost around 8% of the value of the bike inc. theft , damage and third-party insurance

hm well i have nothing that is insured here at the moment.

M&S home insurance.

http://www.londonfgss.com/tags/insurance.html

which one should I get for a shiny new condor ?
Do those for 80quid a year really pay time value ?

If possible put it on your household contents insurance. I use M&S who cover any item upto £4k (I think) away from home without having to have it named on the policy.

Use the search, Danzel. There are already a few threads on insurance.

I am insured with cycleguard but their policy is rubbish really. They base everything on the frame - not on the parts. I have several bikes, frames are all old from ebay, various sources, re-sprayed, etc. Parts are mostly new and of much higher value. So the frame is on average 300 quid, parts up to 800 or more. And they don't seem to cover removable parts (well everything is removable) neither scratches to the paint job, etc.
(so what do they actually cover, the bare steel tubing of a new frame?)

This really only applies to your average off the shelf complete bike. So the only bike I can have under their insurance is my Condor which i bought more less complete. But no chance on my other much more valuable bikes that are all custom build.

Anyone knows any better insurances that cover bikes/parts not based just on the frame?

M&S contents insurance.

Bloke I knew sold insurance once. Always told his punters they could NEVER have enough insurance. Made a bob or two.

Never bothered with it himself. Said it was a con.

M&S (as hippy said) or Hiscox who VB recommends. (I tried to move my household policy to them last week but they won't insure our house due to the risk of flooding. It hasn't flooded where we live since the 1950s but when you offer low premiums you don't take on risks like that I assume).

learn to lock up properly. and put 10% of the value of your bike away every year.

learn to lock up properly. and put 10% of the value of your bike away every year.

Exxxaccerly!

I dont see the value specific insurance personally, just set some cash aside (equivalent to premiums) Youll have enough for replacement bike etc in no time. Its unlikely that you are actually lacking savings to cover replace the bike if it gets pinched before accumalating enough. With insurance you really are giving away money for nothing.

But sticking it on house insurance etc can prove pretty good value from what ive heard.

House insurance makes sense because you are covering a house and all your possesions stuff you couldnt afford to replace if it burned down etc. So its worthwhile giving insurance man his profits.

My insurance covers single items up to £4000.

How many people

• have the discipline to put away anywhere near that much?
  
• earn enough to put away that much before they need it?
  
  

Also, if your house burns down and you lose 4 bikes worth £2k each and your tv and your music collection and your collection of hipster jeans and your sex toy collection blah blah.. if you have expensive possessions insurance IS worth it.

Even bike specific insurance is worth it when your bike is worth £4k as opposed to £200 or something.

hippy - how many bikes you had stolen?

1

what was it worth (to replace)?

About £20

More importantly, what are the contents of your sex toy collection?