Bike insurance how much and who with?

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  • Bike insurance how much and who with?
  • With the N+1 thing and what have you, there are a few bikes in the garage. A few insurance quotes seem a bit high, compared to how much the car costs to insure and the value etc.
    Read a few horror stories on here about insurance only paying out if you buy from one or two online shops, bikes not being insured while not in the garage i.e in / on the car van etc.
    Anyone got any real world good / bad experience?

    mikewsmith
    Member

    in with house insurance, search the threads in here, read all the T&C’s to avoid horror stories. Most like to pay out through a retailer they have a deal with (Wheelies) normally and offer you a lower amount for a cash settlement.

    Don’t bother. The quotes from cycle-specific insurers are ridiculous, and the hoops you have to jump through… I was quoted almost £1000 a year for just one of mine – effectively saying they fully expected it to be stolen within 3 years. Our house insurance won’t cover anything over £1000 without similar increase in premium, but we’re unfortunately stuck with them for the long haul.

    I honestly think you’re better off spending your money on some beefy security chains/locks/ground anchors and a garage alarm.

    have a look at yellowjersey.co.uk, bikes are insured against damage/theft when you are out on them, choice of repairer or retailer and they discount multiple bikes.

    thomthumb
    Member

    pedalcover.co.uk/

    reccomended on here. never used them personally.

    thecaptain
    Member

    With the price of insurance and improvements in technology, aren’t GPS trackers getting to be a practical solution? I know they won’t actually stop the bikes getting nicked but surely they would mean you get them back pretty quickly (and hopefully nab a thief in the process). Seems like they cost about 100 quid and run for a month between charges, or something like that. Anyone use them?

    mtbscoop
    Member

    Just gone with Pedal Cover for building & content (inc bikes away from home). Really good price and an excellent policy (esp for bikes).

    just gone with pedal cover too.

    Onzadog
    Member

    Asked pedalcover for a quote but heard nothing in over a week. Starting to wonder if theyre a scam front to collect a shopping list of addresses and bikes!

    Premier Icon xora
    Subscriber

    Asked pedalcover for a quote but heard nothing in over a week. Starting to wonder if theyre a scam front to collect a shopping list of addresses and bikes!

    They are not a scam, they handle my house, buildings, car and travel insurance now!

    mikewsmith
    Member

    With the price of insurance and improvements in technology, aren’t GPS trackers getting to be a practical solution?

    a lot of the recovered stuff seems to be a lockup full of frames, strip the parts dump the frame in the canal or whatever.

    variflex
    Member

    +1 for pedalcover. Really good policy if u have multiple bikes and travel with them. Best part is u don’t have to provide details of bikes, instead you get a blanket cover included in the contents. Same under writer that m&s use. I’ve got 12ks worth over bike cover away from home including accidental cover

    Premier Icon matt_outandabout
    Subscriber

    Pedalcover seem great, but I went with John Lewis Specialist (not normal), as they also covered our canoes and kayaks for free when I asked. Both Pedalcover and JLspecialist run a ‘if it was forced or violent, it’s covered’ policy. No faffing with locks or similar. The boats and bikes are covered at home, on car, in use or away from home.

    It cost me £320 for the year, up from £280 that all the other ‘nah we don’t cover expensive bikes’ insurers, and waaaay less than specialist cover for bikes and the boats.

    Onzadog
    Member

    Anyone had to claim with them yet?

    Premier Icon matt_outandabout
    Subscriber

    Pedalcover (Axa underwritten I think) – I claimed direct with Axa a few years ago. Sent pics and specs, one call from them, chose new bike, rode less than a fornight after theft.

    John Lewis are RSA underwritten.

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