Alterative To M&S Insurance?

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  • Alterative To M&S Insurance?
  • Premier Icon Onzadog
    Subscriber

    Not sure anyone offers the same cover, let along competitively.

    macb
    Member

    Barclays Finer were almost half the price of M&S for us and the bikes are covered home and away including abroad.

    Premier Icon vinnyeh
    Subscriber

    Hiscox is worth a go.

    Have you tried bumping the excess up- I’ve just renewed with m&s, and changing the excess from 0 to 200 more than cancelled out the annual premium hike plus the cost of specifying a 4k bike.

    Premier Icon singlespeedstu
    Subscriber

    Tried with an excess of £250 but it’s still £300 more. 😐

    Thanks for the suggestions so far.

    Anyone else?

    Premier Icon aidanoggy
    Subscriber

    I recently went with Direct Line. You have to ring to get a quote and give details and value of your bikes but still worked out less than half what M&S wanted for a renewal. When I’ve had car insurance dealings with them in the past they’ve always been good, but hoping I never find out how good they are!

    Premier Icon cp
    Subscriber

    Barclays for me were silly cheap including bikes.

    Premier Icon singlespeedstu
    Subscriber

    Our house insurance is up for renewal and it seems that if i even give them a conservative figure on our bikes it goes up by £400. 😯

    Anyone got any recomendations for the same sort of cover M&S used to give?

    Premier Icon singlespeedstu
    Subscriber

    Anyone else want to add any more suggestions?

    Premier Icon camerone
    Subscriber

    I have direct line home plus. Bikes are treated as contents so not specified items as long as on the premises, so have the same value limit as all contents, I have individual 15k on valuables. Every year on renewal I telephone and check this is still the case
    Away from house £1k limit, so I never let them out of sight…

    Premier Icon cakefacesmallblock
    Subscriber

    The Co -Op for us this time around, seem happy to put individual bikes on, although I only have one right now. Properly valued and described on the policy. More than adequate household insurance, think it’s about £300 / year. 3 bed det in s/w midlands.

    benman
    Member

    The AA were about half the price of M&S renewal for me, including specifying £7K worth of bikes. And you also get a years free AA breakdown.

    Premier Icon MtbRoutes
    Subscriber

    Beware AA is not new for old, and theft from a vehicle is limited to £1000 minus excess.

    benman
    Member

    Most are not new for old if you read the small print…?

    bonesetter
    Member

    What do you expect when you try and insure 300 bikes??

    Premier Icon granny_ring
    Subscriber

    It’s ok getting ‘half the price’ quotes but if the worst happens and bikes get nicked, how much do those companies take off the value for wear and tear?
    Would you lose more money in the payout for the bike/s than the increase in the premium for M&S…….?

    Just saying like, it’s something that I’ll be taking into account as I’m sorting out my renewal anyway.

    Premier Icon singlespeedstu
    Subscriber

    Bonesetter.

    I’ll have you know i’ve sold at least 3 bikes in the last 3 months.
    So only 297 bikes now. 😉

    granny.
    TBH after looking at a few different companys last night i’m thinking the same thing as you.
    It may be more expensive but it does seem the best cover out there.

    bonesetter
    Member

    I use AA Stu (for my quiver… well – 4)

    fontmoss
    Member

    Let us know what you decide, moving house soon and started wondering about going with M and S again. That said I’m sure the cover is now different if a new policy holder versus continuing.

    wolfenstein
    Member

    Tesco but only 2k per bike

    DT78
    Member

    If the limit is 2k on the policy, is that they will only pay out upto 2k per bike or does that mean if the bike *was* worth more than 2k (in 2009) then it is not covered at all?

    Premier Icon chakaping
    Subscriber

    Bike will be covered, but be honest – don;t try to save money by undervaluing your bikes.

    I found it barely added anything to cost at under £2k vs £3k values.

    wolfenstein
    Member

    They say as i understood can only pay 2k max per bike.. In my future purchases i will have to limit the value of the bike to £1,500 + blings = £2000 … Something like this

    bol
    Member

    I found specifying 3 expensive bikes with M&S added £26 per month to the policy which was a lot less than bike specific insurance. The old policy doesn’t end for a month though, so I’m scurrying off to Barclays to see what they have to offer.

    Premier Icon singlespeedstu
    Subscriber

    I found it barely added anything to cost at under £2k vs £3k values.

    Until you start adding multiple bikes…

    Premier Icon cinnamon_girl
    Subscriber

    My M & S policy doubled in price. I want good cover, don’t want to be offered £50 for a Ti frame. Peace of mind for me and my 5 bikes.

    Candodavid
    Member

    Stu, I used jukes insurance as a broker with Allianz as the insurers, when I added the SC LTc nothing added to premium

    M&S do pay out tho! I can’t fault them.

    steel4real
    Member

    Just got my M & S renewal – took the advice of above and previous threads this year 😮

    A quick check on the net had More Than with what looked to be comparable cover for about the same money (£450 – buildings & contents).

    Hiscox was £800+ without specifying the bikes 😯

    AXA – would have needed a phone call for details.

    So I phone M & S, specified 3 bikes, each by frame name and then noted ‘custom’ for 2.5, 3 & 3.5 K, that added £200 to the quote !

    So increased excess from 50 to 200 and it was a net increase of £20.

    Fairly happy with that 🙂

    Premier Icon granny_ring
    Subscriber

    Steel, Are you’re bikes/frames still available to buy new or are they older models?
    Good point noting the use of ‘custom’ tho.

    steel4real
    Member

    gr – one is still available although mine is a 2011/12 frame, the other 2 aren’t although they are both 2012 frames & forks. One was dropped by Sepcialized this year and the other doesn’t have a direct replacement by Ragley.

    When I phoned and said there was one concern – the first thing the person I was speaking to asked – was it the bicycle insurance ?. Obviously knew the drill and agreed with the method of describing. Advised to have up to date photos of them as well as the bikes weren’t ‘off the shelf’.

    Premier Icon granny_ring
    Subscriber

    Ok cheers, I’ll do that as well.

    Premier Icon granny_ring
    Subscriber

    If this helps anyone else out in a similar situation I’ve just had an email reply from M&S and they have said that for valuating my bikes I should use the costs of what I paid for the 2nd hand frames and mix of new and used parts to work out the total value.

Viewing 32 posts - 1 through 32 (of 32 total)

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