Bike insurance - any recommendations?
Discussion
Currently with Bikmo and I insure four bikes. One is valued around £600, one at £800, one at £700 and one at £250. Total value at home is around £2500. Total value outside of home is £1000.
I went with Bikmo because they do not have a clause stating you have to lock your bikes to something solid in the garage. A lot of insurers specify that the bike has to be secured this way, even if behind a locked door.
Bikmo have given me a renewal quote of £136. Personally, I feel this is quite steep, but may in the grand scheme of things be ok.
Does anyone have any recommendations for other insurers? Fancy shopping around. They must allow you to store your bikes without anchoring them though. I can't do this as the garage my bikes are in is used for multiple things and I'm always moving them around.
Thanks all.
I went with Bikmo because they do not have a clause stating you have to lock your bikes to something solid in the garage. A lot of insurers specify that the bike has to be secured this way, even if behind a locked door.
Bikmo have given me a renewal quote of £136. Personally, I feel this is quite steep, but may in the grand scheme of things be ok.
Does anyone have any recommendations for other insurers? Fancy shopping around. They must allow you to store your bikes without anchoring them though. I can't do this as the garage my bikes are in is used for multiple things and I'm always moving them around.
Thanks all.
What kind of security do you have on the doors? The individual values aren't massively high so I doubt you will be targeted specifically, so you are looking to put off the casual/lower-end thief. For up-and-over doors you can get those ground-mounted exterior secondary locks, for any back door it would depend on the type of door, but there's always extra/better locks you can add.
Also most home insurance has pretty good default cover for bikes - and usually doesn't require them being locked when inside a garage. I pay £13 or so extra on my Aviva insurance, although I keep mine inside the house.
Also most home insurance has pretty good default cover for bikes - and usually doesn't require them being locked when inside a garage. I pay £13 or so extra on my Aviva insurance, although I keep mine inside the house.
Edited by Gareth79 on Friday 31st January 17:18
I have a Barclays Home Insurance policy but setup with only bike cover (no building + contents)
https://www.barclays.co.uk/insurance/home-insuranc...
I think it works out about £4/month to cover a number of bikes up to a maximum individual value of £2500. They require them to be locked but for the saving would probably pay for a good ground anchor eg
https://securityforbikes.com/products.php?cat=Grou...
I also have a policy with VeloSure to cover my best bike - they have been cheaper than other cycle specific providers.
https://www.barclays.co.uk/insurance/home-insuranc...
I think it works out about £4/month to cover a number of bikes up to a maximum individual value of £2500. They require them to be locked but for the saving would probably pay for a good ground anchor eg
https://securityforbikes.com/products.php?cat=Grou...
I also have a policy with VeloSure to cover my best bike - they have been cheaper than other cycle specific providers.
Sorry but you've read the policy wording for Bikmo wrong.
See below, Specifically line G
What is not covered
A. We will not make any payment for:
1. theft from your home unless:
a. the cycle and accessories are under your personal supervision; or
b. the cycle and accessories are contained within your private dwelling and the
normal security protections are fully operative and in force and the theft is a direct
result of violent and forcible entry to or exit from the premises by the thieves; or
c. the cycle and accessories are contained within a lockable outbuilding or garage
which is within the boundaries of your private dwelling and the normal security
protections are fully operative and in force and the theft is a direct result of violent
and forcible entry to or exit from the outbuilding or garage by the thieves; or
d. the cycle is contained within a lockable shed or secure gated car park within the
boundaries of your private dwelling which is privately accessed by residents and
their guests only and the normal security protections are fully operative and in force
and the theft is a direct result of violent and forcible entry to or exit from the shed or
car park by the thieves; or
e. the cycle and accessories are contained within a holiday home, guest house,
boarding house, motel or hotel in which you are resident and the normal security
protections are fully operative and in force and the theft is a direct result of violent
and forcible entry to or exit from the premises by the thieves; or
f. the cycle and accessories are contained within a self-contained lockable private
room within a hall of residence and the normal security protections are fully
operative and in force and the theft is a direct result of violent and forcible entry to or
exit from the room by the thieves; or
g. the cycle is secured through the frame by an approved lock to an immovable object.
See below, Specifically line G
What is not covered
A. We will not make any payment for:
1. theft from your home unless:
a. the cycle and accessories are under your personal supervision; or
b. the cycle and accessories are contained within your private dwelling and the
normal security protections are fully operative and in force and the theft is a direct
result of violent and forcible entry to or exit from the premises by the thieves; or
c. the cycle and accessories are contained within a lockable outbuilding or garage
which is within the boundaries of your private dwelling and the normal security
protections are fully operative and in force and the theft is a direct result of violent
and forcible entry to or exit from the outbuilding or garage by the thieves; or
d. the cycle is contained within a lockable shed or secure gated car park within the
boundaries of your private dwelling which is privately accessed by residents and
their guests only and the normal security protections are fully operative and in force
and the theft is a direct result of violent and forcible entry to or exit from the shed or
car park by the thieves; or
e. the cycle and accessories are contained within a holiday home, guest house,
boarding house, motel or hotel in which you are resident and the normal security
protections are fully operative and in force and the theft is a direct result of violent
and forcible entry to or exit from the premises by the thieves; or
f. the cycle and accessories are contained within a self-contained lockable private
room within a hall of residence and the normal security protections are fully
operative and in force and the theft is a direct result of violent and forcible entry to or
exit from the room by the thieves; or
g. the cycle is secured through the frame by an approved lock to an immovable object.
Dannbodge said:
Sorry but you've read the policy wording for Bikmo wrong.
See below, Specifically line G
What is not covered
A. We will not make any payment for:
1. theft from your home unless:
a. the cycle and accessories are under your personal supervision; or
b. the cycle and accessories are contained within your private dwelling and the
normal security protections are fully operative and in force and the theft is a direct
result of violent and forcible entry to or exit from the premises by the thieves; or
c. the cycle and accessories are contained within a lockable outbuilding or garage
which is within the boundaries of your private dwelling and the normal security
protections are fully operative and in force and the theft is a direct result of violent
and forcible entry to or exit from the outbuilding or garage by the thieves; or
d. the cycle is contained within a lockable shed or secure gated car park within the
boundaries of your private dwelling which is privately accessed by residents and
their guests only and the normal security protections are fully operative and in force
and the theft is a direct result of violent and forcible entry to or exit from the shed or
car park by the thieves; or
e. the cycle and accessories are contained within a holiday home, guest house,
boarding house, motel or hotel in which you are resident and the normal security
protections are fully operative and in force and the theft is a direct result of violent
and forcible entry to or exit from the premises by the thieves; or
f. the cycle and accessories are contained within a self-contained lockable private
room within a hall of residence and the normal security protections are fully
operative and in force and the theft is a direct result of violent and forcible entry to or
exit from the room by the thieves; or
g. the cycle is secured through the frame by an approved lock to an immovable object.
That's changed then.See below, Specifically line G
What is not covered
A. We will not make any payment for:
1. theft from your home unless:
a. the cycle and accessories are under your personal supervision; or
b. the cycle and accessories are contained within your private dwelling and the
normal security protections are fully operative and in force and the theft is a direct
result of violent and forcible entry to or exit from the premises by the thieves; or
c. the cycle and accessories are contained within a lockable outbuilding or garage
which is within the boundaries of your private dwelling and the normal security
protections are fully operative and in force and the theft is a direct result of violent
and forcible entry to or exit from the outbuilding or garage by the thieves; or
d. the cycle is contained within a lockable shed or secure gated car park within the
boundaries of your private dwelling which is privately accessed by residents and
their guests only and the normal security protections are fully operative and in force
and the theft is a direct result of violent and forcible entry to or exit from the shed or
car park by the thieves; or
e. the cycle and accessories are contained within a holiday home, guest house,
boarding house, motel or hotel in which you are resident and the normal security
protections are fully operative and in force and the theft is a direct result of violent
and forcible entry to or exit from the premises by the thieves; or
f. the cycle and accessories are contained within a self-contained lockable private
room within a hall of residence and the normal security protections are fully
operative and in force and the theft is a direct result of violent and forcible entry to or
exit from the room by the thieves; or
g. the cycle is secured through the frame by an approved lock to an immovable object.
I scoured the policy when I took it out and there was no mention of that.
VFX_Artist said:
Sorry to hijack, are there any recommendations for high value bikes. Most companies seem to have a £2500 limit.
Obviously it lives indoors, locked at all times.
I had one quote but it came in at circa 10% of the bikes value.
My P3 is with Yellow Jersey. Not cheap to insure a £6k bike. Pay more to ensure that than I did my Audi S6.Obviously it lives indoors, locked at all times.
I had one quote but it came in at circa 10% of the bikes value.
Anyway YJ have been good. I claimed once for race curtailment and although they were a bit slow they paid up without much fuss.
funkyrobot said:
Dannbodge said:
Sorry but you've read the policy wording for Bikmo wrong.
See below, Specifically line G
What is not covered
A. We will not make any payment for:
1. theft from your home unless:
a. the cycle and accessories are under your personal supervision; or
b. the cycle and accessories are contained within your private dwelling and the
normal security protections are fully operative and in force and the theft is a direct
result of violent and forcible entry to or exit from the premises by the thieves; or
c. the cycle and accessories are contained within a lockable outbuilding or garage
which is within the boundaries of your private dwelling and the normal security
protections are fully operative and in force and the theft is a direct result of violent
and forcible entry to or exit from the outbuilding or garage by the thieves; or
d. the cycle is contained within a lockable shed or secure gated car park within the
boundaries of your private dwelling which is privately accessed by residents and
their guests only and the normal security protections are fully operative and in force
and the theft is a direct result of violent and forcible entry to or exit from the shed or
car park by the thieves; or
e. the cycle and accessories are contained within a holiday home, guest house,
boarding house, motel or hotel in which you are resident and the normal security
protections are fully operative and in force and the theft is a direct result of violent
and forcible entry to or exit from the premises by the thieves; or
f. the cycle and accessories are contained within a self-contained lockable private
room within a hall of residence and the normal security protections are fully
operative and in force and the theft is a direct result of violent and forcible entry to or
exit from the room by the thieves; or
g. the cycle is secured through the frame by an approved lock to an immovable object.
That's changed then.See below, Specifically line G
What is not covered
A. We will not make any payment for:
1. theft from your home unless:
a. the cycle and accessories are under your personal supervision; or
b. the cycle and accessories are contained within your private dwelling and the
normal security protections are fully operative and in force and the theft is a direct
result of violent and forcible entry to or exit from the premises by the thieves; or
c. the cycle and accessories are contained within a lockable outbuilding or garage
which is within the boundaries of your private dwelling and the normal security
protections are fully operative and in force and the theft is a direct result of violent
and forcible entry to or exit from the outbuilding or garage by the thieves; or
d. the cycle is contained within a lockable shed or secure gated car park within the
boundaries of your private dwelling which is privately accessed by residents and
their guests only and the normal security protections are fully operative and in force
and the theft is a direct result of violent and forcible entry to or exit from the shed or
car park by the thieves; or
e. the cycle and accessories are contained within a holiday home, guest house,
boarding house, motel or hotel in which you are resident and the normal security
protections are fully operative and in force and the theft is a direct result of violent
and forcible entry to or exit from the premises by the thieves; or
f. the cycle and accessories are contained within a self-contained lockable private
room within a hall of residence and the normal security protections are fully
operative and in force and the theft is a direct result of violent and forcible entry to or
exit from the room by the thieves; or
g. the cycle is secured through the frame by an approved lock to an immovable object.
I scoured the policy when I took it out and there was no mention of that.
The list of conditions above are all "or". So if the bike is in a locked garage it is covered under section 'c' and doesn't need to be locked to something solid. Section 'g' means you can leave it outside as long as it is chained to something.
AndrewT1275 said:
OP's original assumption is correct though.
The list of conditions above are all "or". So if the bike is in a locked garage it is covered under section 'c' and doesn't need to be locked to something solid. Section 'g' means you can leave it outside as long as it is chained to something.
I've miss understood then.The list of conditions above are all "or". So if the bike is in a locked garage it is covered under section 'c' and doesn't need to be locked to something solid. Section 'g' means you can leave it outside as long as it is chained to something.
Apologies OP.
I'll drop them an email to confirm.
I've been with Bikmo for 2 years now and can't see myself going anywhere else.
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