Bike Insurance

has your house burnt down recently?

Not last time I checked.

What!? I gave that guy 2 gallons of unleaded, a lighter and £20 to do the job yesterday!

I drank the fuel, ate the lighter and paid him £40 to do your sister.

YouTube - midget owned

Riddle me this..

My bike cost £4k.. if I took out my £3-400/year M&S insurance policy, it's covered.
If I put away the premium per year £400, say, it would take 10 years to acquire the value of my bike. 10 years is a long time for nothing to happen to a single bike (not to mention all my other bikes and stuff in the house also covered).

So, you can continue putting away your £400/year or whatever and I'll ride with my M&S safe in the knowledge that it will actually pay for loss or damage to my stuff.

Sorry fred: epic "I don't need insurance" fail. :P

Insurance fraud FTW

You gotta have it before you can defraud it :)

Thanks for my new camera mr insurance man :P

Ok, I wanted to go with Hiscox due to VB's experience of them.

Number of issues came up whilst I was on the phone to them:

1. Bikes are only covered up to £1,000, anymore than that and they have to go to the underwriters, which boosts the price hugely
   

2. In our flat we have myself, my girlfriend and a flatmate

3. I could deal with as long as it was less than the £850 I currently pay esure

4. However Hiscox will not insure anyone who co-rents as they put it.

M&S look like they will get my money, although I have not phoned them yet.

Dont M&S have the co-rent problem as well?

On hold now waiting to find that out.

Found it out- yep, it buggers that one completely.

I'm out of ideas now- anyone?

Butterworth Insurance. CTC have theirs through them...think LCC do too, have only heard good things about them. (for the record I have no insurance so it's no personal recommendation...)

As above. Butterworth now do new-for-old on "self-assembled cycles". Might not be worth it unless you have receipts for at least some of the components, though apparently a few photos go a long way.

Works out at about 10% of the value of the bike(s).

That would be £900 a year though- more than with Esure.

Looks like I might have to go back to esure, tail between legs.

sharing the rent with non-family - Endsleigh are the only acceptable option.
However I don't know how they price the premium with expensive bikes.

Endsleigh will only cover up to £1,500, so they are out.

I'm running out of options!

That would be £900 a year though- more than with Esure.

Looks like the maximum amount insurable is £5,000 with Butterworth.

http://www.urbancyclinginsurance.co.uk/

Is the Esure policy cycle-specific, or is it a contents one?

https://www.eta.co.uk/insurance/cycle/quote They were one of the few that would insure my bike whilst it being in my shed at home rather than in a garage/home

Butterworth Insurance. CTC have theirs through them...think LCC do too, have only heard good things about them. (for the record I have no insurance so it's no personal recommendation...)

Yes, correct. It's a good deal.

Just spoken to Esure now- checking about the housemate, and yes, she invalidates my insurance.

I'm un-insurable it would seem.

This also means that all the money I have given to Esure was a waste of time...

Butterworth Insurance. CTC have theirs through them...think LCC do too, have only heard good things about them. (for the record I have no insurance so it's no personal recommendation...)

Tried phoning them- the "get a quote" line is permenantly engaged, and the "general enquirey" line goes to an inaudible answerphone.

If that's how they deal with people trying to buy their services how do they deal with people trying to make a claim?

They prefer it if you don't do that ;-)

Yeah, insurance companies perfer it if you just give them money and then bugger off.

Tried phoning them- the "get a quote" line is permenantly engaged, and the "general enquirey" line goes to an inaudible answerphone.

If that's how they deal with people trying to buy their services how do they deal with people trying to make a claim?

Neil, are you an LCC member? You get the info about the insurance deal when you join (or you can request it from the office). There's always been a paper application form, and I imagine that there might now also be an on-line application form, although I haven't kept up with developments on that one. You can always ring the LCC office on 020-7234 9310 if you have any questions.