so the home buildings and contents policy is due and having never previously declared my bike i have decided to get a few quotes with it added on and im shocked at how much it adds on!
roughly 100 quid extra if i declare a £2500 bike is it really worth it or do you find that it is generally covered under the "garage contents" clause or the "no need to declare any indiviual thing less than 10%" clause
or do home insurance companies normally find ways of not paying for bikes?
looked at stand alone insurance for bike and it was £300!!!!
or do you find that it is generally covered under the "garage contents" clause or the "no need to declare any indiviual thing less than 10%" clause
definitely not, there will be a bike clause in there too. 100 quid seems ok. I have dedicated insurance, 30 quid a month for 4.5k worth of bikes. that includes racing damage (and non racing damage!)
Have a look at M&S insurance, highly recommended on here, cover bikes up to £4k without declaring them as specified items. Not too pricey to declare either (added about £50 to my policy for my bike declared at £4250).
momo +1
And buy it via Quidco and get £45 cash back
Another M&S vote here, I pay less than £30 a month for top whack home and contents insurance, includes all my bikes.
About the same as mine (and that covers my bikes and my wife's rather expensive engagement and wedding rings)... The only cover I didn't take was the home emergency cover that pays for emergency plumbers and the like to come out.
Buildings Cover:
Level: Standard
Buildings Excess: £100
Subsidence Excess: £1000
Contents Cover:
Level: Premier
Contents Excess: £100
Contents away from home:
Yes
Legal Expenses:
Yes
Home Emergency Cover:
No
Premium incl IPT:
£310.17
(and of course I got the £45 cashback [b]on top[/b] of that)
Pretty much the same yeah except I made the excess £50 on contents and building as made very little difference to policy price. Only claimed once and that was when the freezer blew a fuse last year. They paid up for £300 with of food no problem at all.
have m/s insurance here too.. but someone on here week or 2 ago sayiny they only pay a max of £1000 per claim for bikes..
Nah that post said after a claim come next renewal they'd only cover up to £1k, still crappy though if M&S do that (although hopefully I won't be claiming any time soon...)
M&S cover for up to £4k on each individual item. Pity if they limit it after that as it works out pretty cheap even if you only have one bike included compared to individual bike insurance.
I pay £29 per month for home and contents premier and thats with one claim (2 years ago - stolen bike) which they paid out for in about two weeks.
have m/s insurance here too.. but someone on here week or 2 ago sayiny they only pay a max of £1000 per claim for bikes..
There was more to it than that.
I wonder when they will alter the terms if they get too many cycle claims