- Insuring a £3k bike
Can anybody recommend an insurance comapny that will insure a £3000 bike fully? after getting my s-works stolen from my lock up in the Summer and finding it uninsured due to an insurance ‘loop hole’ I want to make sure my new bike is fully covered. My company that do the house etc wont insure my bike to anywhere near full value away from home and advised me to get ‘specalist’ cover for it but couldn’t help any more! Are churchill just being rubbish and other companies play ball ??Posted 7 years agorthomas17Member
OP – what was the loophole that stopped them paying out?
I keep my bike in an outbuilding – esure said that total payout for outbuildings content is £1500, even if I had a 3k “specified item” of a bike on the policy. If the bike was locked to a lamp post on the street, then I would get the 3k, but not if it was locked in the outbuilding.
Another company said I would get the 3k, but only if the bike was locked in the outbuilding.
I finally insured with Shielas wheels, who told me that the “specified item” bike would be paid out if it was in the outbuilding, on top of the £1500 normal outbuildings amount.
Guess who backs up the Sheila’s wheels policies? Esure! So contradiction in policies, or just under trained call centre staff? You can’t work it out from the small print either…..Posted 7 years ago
rthomas17Posted 7 years ago
Agreed I did have a very inexperienced sounding girl on the phone but she did keep going to her supervisor to confirm but basically my bike is insured to the full value whilst kept in my locked garage (it is very secure compared to your usual garage) but as soon as I take it out they only cover bikes up to £2000 as long (understandably) as they are chained/locked to an immovable object (lamp post etc) she couldn’t explain why they had this silly clause but wouldn’t budge !!
It definately pays to check your smallprint and even get it in writing from experience.
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