I know lots of companies seem to offer this but how does it work?
Specifically what restrictions and what happens with premiums etc. if you have an expensive claim (for example writing off a car)
Just join British Cycling - you get up to £15m worth of cover with your membership.
https://www.britishcycling.org.uk/campaigning/article/20190625-Cycling-and-insurance--FAQs-0
Lots of home insurance covers public liability. I'm with Nationwide which gives £2M cover for my family which includes cycling accidents
Part of my Cycling UK membership, so unaffected by claims
Lots of home insurance covers public liability.
Part of my Cycling UK membership, so unaffected by claims
Just join British Cycling – you get up to £15m worth of cover with your membership.
But........
As the punter who has the accident, do you get to choose which insurance policy is being used to cover you? I'm sure I've heard of stories (and they might just be stories) of insurance companies casting about to see if there are any other policies that you may have to share the liability with? I can kind of see why they might from their perspective.
Lots of home insurance covers public liability. I’m with Nationwide which gives £2M cover for my family which includes cycling accidents
Would that include when it's your fault and would they then increase the premiums on the entire insurance?
As the punter who has the accident, do you get to choose which insurance policy is being used to cover you? I’m sure I’ve heard of stories (and they might just be stories) of insurance companies casting about to see if there are any other policies that you may have to share the liability with? I can kind of see why they might from their perspective.
Depends on the policy.
I've got some policies (not specifically bike ones) that state they will cover anything regardless of other polices. Others that have clauses allong the lines of "in the event of a claim you must inform us of any other relavent policies".
I can't imagine BC/CUK not getting your home insurance involved as they'll be assuming everyone has it (which is probably why it's such cheap insurance).
insurers have always checked if theres a shared risk, and you are obliged to advise them of any incidents you are involved in.
But not many cyclists - I hope - cause many accidents, and if you do, thats why you have insurance
As the punter who has the accident, do you get to choose which insurance policy is being used to cover you? I’m sure I’ve heard of stories (and they might just be stories) of insurance companies casting about to see if there are any other policies that you may have to share the liability with?
"British Cycling’s member liability insurance is arranged on a ‘primary specific’ basis - which means that a claim will not be referred to any other insurance policy that our members may have." - from the BC FAQ.
“British Cycling’s member liability insurance is arranged on a ‘primary specific’ basis – which means that a claim will not be referred to any other insurance policy that our members may have.” – from the BC FAQ.
Good to know. Ta for bothering to actually look at the Ts&Cs!
Ta for bothering to actually look at the Ts&Cs!
What else am I going to do? #retirementjobs
Lots of home insurance covers public liability.
Would that include when it’s your fault and would they then increase the premiums on the entire insurance?
Being your fault means you are liable, so yes. There might be some extreme examples where they could argue you didn't take reasonable care, but it's highly unlikely (using a phone?).
It will increase the home premium if there is a claim, but I think it's such an unlikely event to be sued that I'm happy to take that risk. Having bikes stolen once saw my premium go down - figure that one out!
British Triathlon is cheaper than BC if you are just after it for the insurance
British Triathlon is cheaper than BC if you are just after it for the insurance
I'm really just after 3rd party insurance ... (I think)
It looks like that's covered in the £46/yr Silver ... but I can check British Triathlon
The BC/Bikmo one is per bike and if I put a nominal £100/bike it actually comes out pretty cheap for the 5 bikes I usually ride on the road. (£43/yr) vs £350/yr for a "value" though not sure how that works .. non of my bikes are factory built and only the HT was new so I've really no idea so that's a total of £9500 representing a realistic perhaps optimistic used replacement cost?
If I was to put the "new" replacement cost I dread to think what it would be.. (um OK just did a quick estimate £18,800 new cost at £758.28/yr) .. obviously I didn't pay anything like that but that's the "new" cost of the latest version in a spec as similar as I can.
Added to that I don't really know what they mean by "accidental damage"
Theft & accidental damage
I'm assuming if I smash a rim on a landing or smash a mech, scratch a stanchion etc. they aren't going to treat that as "accidental" etc. has anyone actually tested/used this?
On the face of it I break something once a month or so but presumably they would start to question that. (or maybe that explains the cost of the insurance if I was to put the "new value")
Or Laka? I'm using them for those bikes that are over the home insurance limit and also take out the liability cover which looked pretty good value compared to BC:
^^ (that's not a referral code if any mods are checking 🙂 )
That 3rd party liability insurance on the basic club actually seems [b]exactly[/b] what I started out looking for .. £12/yr 3rd party.
Reading through it also seems to cover EVERY bike I own on one policy/membership so I only need to join..
Excellent. I've not had to test it (fortunately) but they seem a decent outfit.
Can't get you a discount on the 3rd-party bit though only on full bike insurance.
Hang on, either I'm getting confused, or you are I reckon.
I’m really just after 3rd party insurance … (I think)
It looks like that’s covered in the £46/yr Silver … but I can check British TriathlonThe BC/Bikmo one is per bike and if I put a nominal £100/bike it actually comes out pretty cheap for the 5 bikes I usually ride on the road. (£43/yr) vs £350/yr for a “value” though not sure how that works .. non of my bikes are factory built and only the HT was new so I’ve really no idea so that’s a total of £9500 representing a realistic perhaps optimistic used replacement cost?
The BC insurance that comes with membership is personal insurance, either to help you claim in the event of an accident/injury done to you or defend/pay out if you were pursued for causing an accident. It wouldn't pay out for bike damage or theft which I think is what the Bikmo is for.
Hang on, either I’m getting confused, or you are I reckon. The BC insurance that comes with membership is personal insurance, either to help you claim in the event of an accident/injury done to you or defend/pay out if you were pursued for causing an accident. It wouldn’t pay out for bike damage or theft which I think is what the Bikmo is for.
I probably am confused, but it seems to me like it's BC that's confusing. I started off from BC and pretty quickly ended up pressing a few "find out more" buttons and was into Bikmo before I realised.
TBH I'd rather not give BC a penny of my money if I can avoid it but from what I can see the Laka membership involves handing over far less of my money, let alone to a known deeply screwed organisation like BC.