How do you insure?
Discussion
Lots of people wrongly beleive the same as you, and spend ages trying to find some utopian house insurance that actually properly covers multiple thousands worth of bikes on their home policy.
I use Bikmo now (with BC members diso
), theres a few others too, its proper bike specific insurance and covers waaaay more than any home contents policy - accidental damage, theft from car, crash replacement, racing, etc etc... I've never claimed but I'm happy from the reviews I read that its worth it.
I use Bikmo now (with BC members diso
), theres a few others too, its proper bike specific insurance and covers waaaay more than any home contents policy - accidental damage, theft from car, crash replacement, racing, etc etc... I've never claimed but I'm happy from the reviews I read that its worth it. snotrag said:
Lots of people wrongly beleive the same as you, and spend ages trying to find some utopian house insurance that actually properly covers multiple thousands worth of bikes on their home policy.
I use Bikmo now (with BC members diso), theres a few others too, its proper bike specific insurance and covers waaaay more than any home contents policy - accidental damage, theft from car, crash replacement, racing, etc etc... I've never claimed but I'm happy from the reviews I read that its worth it.
I'm with Bikmo and have claimed.I use Bikmo now (with BC members diso
), theres a few others too, its proper bike specific insurance and covers waaaay more than any home contents policy - accidental damage, theft from car, crash replacement, racing, etc etc... I've never claimed but I'm happy from the reviews I read that its worth it. Something like 4 days between claim submission and 4.5k landing in my bank account.
Only issue I had was the cost of replacement glasses. I provided cost and link to ones from a proper shop, they countered with a cheaper link to ones on eBay.
I couldn't be bothered to argue but thought it was a bit cheeky to give me an eBay link.
I've used Yellow Jersey for my expensive bikes. It's not cheap but neither are the bikes. I had a high level of cover that included a lot of triathlon specific stuff.
I couldn't do an Ironman one year because of injury and doctor told me I couldn't and they paid out the full entry fee 500 quid.
I couldn't do an Ironman one year because of injury and doctor told me I couldn't and they paid out the full entry fee 500 quid.
Bikes listed on the home policy with Halifax. Gold, platinum something or other policy. Will except upto £10k worth of itemised bikes. Covered in outbuildings with no special lock requirements. Also covers up to £10k contents in out buildings in addition to the bikes. When adding additional bikes it's added £10 to £20 on the policy. Whole policy is only £350 ish on a 3 bed detached with full accidental.
anonymous said:
[redacted]
I got something like that for my bikes... one was £1500 new, and the other £800... decided to leave it. I have some cover via my house insurance (which only requires them to be in a locked outbuilding, not separately locked within it) and if push came to shove, I could buy new ones anyway. I've had them a couple of years, so I've already saved enough to replace the MTB if it goes... OssAndy said:
Why is it surprising that it costs more than car insurance in some instances? They can cost more than a car and are far easier to steal.
Partly because we are always told that a large chunk of the cost of car insurance is to pay for injuries caused to occupants/third parties if they get in an accident. The third party risk profile for a bike must be orders of magnitude lower.
anonymous said:
[redacted]
Yep - they’re ridiculous. I pay less than £1k to insure the entire “current fleet” in my profile (including motorbikes). They just seem to be one size fits all too - postcode made no difference to my quotes. And the “they’re easy to steal” argument doesn’t stack up against motorbikes (especially off road bikes) which are also easy to steal and have much higher third party and injury risks.
As to being in an outbuilding (by which most people mean a wooden shed) why on earth would you not secure it with a gold approved lock and anchor?
As to the cover provided I’m more than happy with that provided with our Aviva house extra insurance which seems to cover just about everything, worldwide, for a fraction of the cost.
Edited by Dog Star on Monday 14th August 10:21
No extra charge for my emtb
Amendment to your M&S Home Insurance
As requested, we have amended your home insurance policy.
Your amendment information
Policy number: MHO850654160
Effective date: 22 April 2023
Change made: Change of Cover
As a result of this, your premium remains unaltered and no charge has been made.
Pedal cycle cover: £4,550
Amendment to your M&S Home Insurance
As requested, we have amended your home insurance policy.
Your amendment information
Policy number: MHO850654160
Effective date: 22 April 2023
Change made: Change of Cover
As a result of this, your premium remains unaltered and no charge has been made.
Pedal cycle cover: £4,550
No insurance apart from anything my house insurance has. Apart from a 90s hardtail MTB worth £200 at most my bikes are built up from frames. All 10-15 years old. I couldn't produce a receipt for them. I reckon I've saved enough by not buying insurance to replace.
It helps I'm in a low crime area. No houses or garages broken into in the street for 20 years or more. Good security on the shed. Decent lock when I parked the bike out and about. I'm careful where I park it and a scabby old tourer or road bike isn't a top theft target anyway.
It helps I'm in a low crime area. No houses or garages broken into in the street for 20 years or more. Good security on the shed. Decent lock when I parked the bike out and about. I'm careful where I park it and a scabby old tourer or road bike isn't a top theft target anyway.
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