Just gone through a quote for buildings and contents insurance with Aviva after M & S jumped ship . Bikes are insured for up to £12K if they are kept in a garden but only £7K if they are in a garage or shed ????
I thought I must have misheard so I asked her to repeat that . Apparently it's less in a garage or shed because there might be other valuable items in there as well?????
I’ve always found home contents insurance impossible to understand. Especially when it comes to bicycles. I’m sure part of it is the general publics perception that a pedal cycle is something that cost you £50 from a mate in the pub and gets kept in a garden shed with a flimsy padlock and asking to cover anything more than that is like telling them you want insurance to cover a gold plated toaster or something completely unimaginable.
the online forms you fill out for a quote never seem to match up with the wording of the policy and schedule that it spits out after as well, especially if you use a comparison site.
The AA will cover the bikes but they also have home office cover of £ 7500 ? I’m tempted to phone and ask if that can be removed , not everyone is WFH surely ? I’m retired 🙄
Are you sure it's not a £7k grouped limit in the garage, but away from home they are individually covered for the total value of £12k? Obviously you wouldn't have all your bikes locked up outside a cafe.
Technically I expect if left in the garden they would apply the limits applicable for loss and damage to stuff in the garden?
PS Try pedalcover, there is a cyclinguk discount code too.
You could be right , as always with insurance the devil is in the detail , I just wish they'd get a more up to date idea of how much bikes cost these days 🙄
Is it because some data is getting taken too literally?
1.Expensive bikes are probably all kept in garages not gardens.
2. So more £ of bike theft happens from garages than gardens.
3. Garaged bikes are 'more of a risk to insure' than garden dwelling free-range ones if you look at point 2 alone.
Clearly that's a bad use of statistics, but i wouldn't be at all surprised if that's the result of an algorithm/AI blindly following data. The garage could be the common feature of all the e-bikes and nice things that get stolen, not the spec/brand/value.
PS Try pedalcover, there is a cyclinguk discount code too
Don't. Thier approach to sell a scammy second insurance policy to cover the huge excess which keeps the premium cost down. Then you have the issue of certificate of insurance with a company who did not in fact underwrite my policy - and the 'my bad, you're actually insured with someone different ' led me to wonder if the whole thing was a borderline scam... Really, really odd, but a company I would never deal with again.