Bike Insurance

I just got a quote from http://www.greenbee.com/ about home insurance.

They appear to cost less than Hiscox and are willing to insure the Serotta for £7k and the Robin Mather for £5k on top of the various other bicycles all below £2.5k which they're happy to have included.

They also say that they only ever payout in cash on a like for like as new basis. Which is what I want as places like More>Than give out vouchers for Halfords or Evans when replacing bicycles and that just is never going to work when your bikes are fully custom pieces.

My questions to the cycling world... does anyone have any experience of Greenbee and are they really as good as they sound?

If any of you can afford to insure with Hiscox then I would advise you to do so. Their policy wordings are far wider than the market generally, they don't apply policy warranties and their claims service is second to none. They are generally more expensive than other insurers but you get what you pay for.

It's the same decision making process you use when deciding which bike to buy; do you want to get from A-B for £300 or from A-B for £750 in style. But of course it's slightly easier with bikes than with an intangible product like insurance.