Hi – I started a new job on a big construction site in central london. The bike racks are not ideal but are onsite near the security cabin. Using a “D lock” and wire lock. Bike is £870 in total. Found a few theft only policies for around £85 per year but they have excess at 20% of the bike value. Any recommendations or suggestions ?
Thanks
P.s not covered on home insurance.

Probably cheaper to put it on your home insurance as a specified item.

My Home insurance does not cover contents.

My Home insurance does not cover contents.

Seems rather strict underwriting there? 😉

You don’t have your home contents covered ???????????????????? !!!!!!!!!!!!!!!!

get this sorted before worrying about your bike .

I have standard policy home cover but not contents insurance… hardly unusual there. Bike is secure at home. I am after a out and about cover.

I think you lack understanding of insurance and I recommend you look into what your policy actually is and covers.

Your statement makes no sense, unless you are referring to buildings only cover.

I’ve been burgled twice but in 40 years have thus far failed to burn down my house.

Methinks you need to address your insurance priorities. Or buy a BSO for commuting.

Yes buildings only cover.

Holy moly, don’t worry about your bike worry about everything else that’s in your house.

Not everyone has enough expensive contents worth insuring, especially when you take into account the insurance premium you are paying over a period of time. Lot’s of people, myself included will ‘self-insure’ for contents and just go for building insurance.

Not everyone has enough expensive contents worth insuring

No bikes worth nearly a grand, as a random example?

Maybe you do live without $stuff but it’s surprising how quickly it adds up. Our bikes, AV and computer tech (tablets etc) probably run to ten grand on their own. I certainly don’t have that sort of cash lying around as slush money.

Thanks Km79… some sense a last. My home contents are not worth a great lot.. may be 4k in total. Having never been burgled in 39years i am willing to take the risk. The question was not about my house insurance! Some people even have 3rd party for vehicles 😯 crazy hey!

Point is, for the cost of bike insurance you might get home contents insurance for a comparable price. Maybe.

I would suggest cocounut that you look at a buildings and contents that includes bikes. You may find it not as expensive as just a bike policy, may have better cover and lower excess, and you get all your other contents covered.

Like you we have little at home of massive individual value – but adding up buying new clothes and furniture, should the worst happen, for a family of 5 and you end up with a rather large figure.

We also have the bonus of having away from home cover – so bikes and canoes are covered, but so is £10k of away from home tents, rucksacks, etc etc.

If you only need one bike, check out pedalcover.

Ok point taken, thanks. will check with home insurance how much to upgrade to include bike. Are they likely to cover bike theft when not at home ? Coop home insurance.

I have nothing that couldn’t be replaced from gumtree/ebay second hand for a fraction of the new price if it ever came to it. The money saved in premiums over the years would cover this several times over.

Point is, for the cost of bike insurance you might get home contents insurance for a comparable price. Maybe.

contents and 12k of bikes outside of home and abroad plus legal cover. £235 with Pedalcover. SE london (flat so building insured by freeholder)
bit of a no brainer really even if i had no possessions of real value it’s still a cheap way of insuring bikes.
i’m loving the ‘never been burgled in x years’ excuse. 😆 about due a break in then!

So you’re telling me coconut that if the entire building was burnt to a cinder that to replace every single item new for old would cost no more than 4k.

That includes but not limited too; curtains, sofas, tvs, living room furniture, dvds, computers and tablets. Pots and pans, cutlery, crockery, oven, fridge, dishwasher, washing machine, carpets, rugs, telephones, clothes, wardrobes, chests of draws, beds, bed linen and so on.

Either you’re in a super small house or you’re a super extreme minimalist.

To have buildings insurance means you own the place so it’s not like you live in shared accommodation etc.

I hope it never happens to you.

^MrSmith has it.

We pay £450ish for a family of 5 in semi detached, with 7 bikes of value, canoes, kayaks, £10k kit away from home and unlimited home cover- and basically operates on a ‘if you have it locked or sat on it, we cover it’. No faffing with ‘was it a gold standard lock?’ or ‘can you show the service recipt for the shed door lock’ and similar restrictions put on by many insurers. We are with John Lewis Specialist.

and if the scrotes do a dirty protest round your bedroom/living room are you going to scrape the faecal matter off the walls and start looking for some new bedsheets and a carpet on gumtree?

or call direct line and get Harvey Keitel to come sort it out?

Wow! sanctimonious much?

Don’t bother insuring your bike at all. Personally I’d use a less attractive bike and make it really difficult to steal. If it’s for commuting some savvy s/h purchases and you could have a great bike for £85. never mind £450

The question was not about my house insurance!

But the answer is.
Get the righ contents insurance and insuring your bike will be very cheap or free on the right policy. It’ll be the best cover too. Insuring a bike in its own makes no financial sense.
Does that make sense?

Looked into pedalcover,now insured with them,thanks for the heads up,now my bike and fishing tackle is properly insured,at home and away from home.

We’ve recently switched to Pedalcover after reading good reviews about them on here. Very easy to deal with.