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[Closed] Is cycle insurance a waste of money?

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[#397664]

I was looking at [url= http://www.cyclecover.org.uk/ ]CTC cycle insurance[/url] as I have just built myself a new bike after my last nice one was pinched.

It just doesn't seem worth it they can change there regs any time without notice, i need a five lever mortice lock where it's stored and the bikes value depreciates giving me less. Would it be better just to save so in the unfortunate event I can just buy again. Or will they actually pay up.

Putting it on the house insurance is not an option.


 
Posted : 16/03/2009 10:50 pm
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Putting it on the house insurance works out a lot cheaper than paying for additional, separate insurance in my experience...using M&S Insurance or Greenbee (aka John Lewis).


 
Posted : 16/03/2009 10:54 pm
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My house insurance won't cover all mine in the shed, and a seperate insurance policy would cost silly money. I've speant a few hundred on locks and will put money into savings as my own insurance.


 
Posted : 16/03/2009 11:08 pm
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what locks have you got BEB?


 
Posted : 16/03/2009 11:11 pm
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http://www.almax-security-chains.co.uk/ or anything with a 16mm diameter link or over is pretty much cropper proof (chainwise)


 
Posted : 16/03/2009 11:15 pm
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Axa just paid out £2.2k for my bike stored in a shed....


 
Posted : 16/03/2009 11:19 pm
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Yeah I have heard of almax shall look further and i'll look at axa. thanks people


 
Posted : 16/03/2009 11:30 pm
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What do those bunking off work think.


 
Posted : 17/03/2009 11:02 am