MS insurance renewal
All done M+S added £6 a year for the bike. Amex were £100 more.Posted 4 years ago
I was actually quite impressed by how quickly the phone was answered and how helpful the lady was. I had to add a special note that the bike would be insured “in full view” in car if locked to an immovable item (seat bracket). The way the policy is worded all items in car have to be out of view.esselgruntfuttockMember
I phoned around & got online quotes to replace M&S, no point though as some companies aren’t interested & others are just comparable. £63 a year extra to insure a 3.5K FS, my other two bikes are worth less than 2K. Had a buildings claim two years ago & M&S’s service was impeccable so I’m sticking with them.Posted 4 years ago
spence – when I called them 2 weeks ago, upon receipt of my renewal, they were quite happy to discuss changes to the policy. Helpful guy and within about 5 mins had agreed to put on one bike at 3.5k, up the excesses a bit and he gave me the new premiums etc. ALl very painless and a net reduction in my premiumPosted 4 years ago
Iain, yes the lady this morning was very helpful, knew what I was gonna ask before I said anything about bikes. I guess they’re getting it a lot. Because I’m like you, renewing the policy it has a £2k limit whereas new polices only have a £1k limit. I can increase the excess to £200 (but what’s the point of insurance if you have to pay half (well not half but you get the point)) and that will make it an £8pa increase on last years policy, I can live with that.Posted 4 years ago
What she could not do was swap to the Standard cover and leave the £2k limit, it would be a new policy rather than a transfer. Also there’s a discount applied to on-line.epo-aholicMember
Blimey…..thought i’d check out M&S as my home/contents is due in Sept and i no longer require buildings as a factor has taken over. I listed 2 bikes worth £4k and basic contents only for my 2 bedroom GF flat and it came out as £762!!!! took both bike off and it went down to £74!!! Shocked to say the least (btw, i have 10 years no claims!)Posted 4 years agoNeil_BoltonMember
I’ve recently done this. It increased my premium by quite a bit, mainly because the replacement value of my main bike is over 6k.
All others are <2k, so I concentrated on this one. She explained that the ceiling value is 10k – but they will new for old on anything under that.
Which is nice to know, knowing that I would never be able to replace the thing again.
We tried a few ups and downs on excess, with a £200 excess it reduced it a fair bit over what they originally wanted.
I have claimed a few times, with one £5k claim, so I’m not exactly their most favourite customer!
Still worth it however, they were impeccable each time.Posted 4 years agolegendMember
I just got my policy renewed on last year’s (£4k unspecified item) terms 😀
All it took was for them to forget to send out my renewal notice, then them sending an apologetic letter explaining this (I figured I’d accidentally binned it). Spoke to a helpful girl on the phone who explained that due to their error they’d continued my policy anyway, and if I wanted to keep it going I’d keep the old terms. Sorts me out for another year!Posted 4 years agoDT78Member
So new for old…. One of My old bikes was £3700 in 2008. It is now built up for the annual alps trip and then taken apart again….how would they classify this? It is only actually a whole bike for a month or so of the year the rest of time it is a frame and fork and the bits make up my other bikes. Also very few parts are from the original new spec as they’ve worn or been upgraded. How does that work then?
Other bikes I have are all around £2k new/builtPosted 4 years agolegendMember
The NFU thing’s interesting. I spoke to them for a quote, the lad got all flustered as our house isn’t in the countryside (the office is a whole 2 miles from here), said he’d need to speak to the underwriters in the morning to see if they could cover us or not, he was then going to call me back – never bothered his arse, so that’s one customer lost.Posted 4 years ago
No more M&S. Tried a few of the suggestions above and went with Amex (been a member for 25 years and had their cover previously), all bikes have to be specified, so 4 at just under £9k plus iPhone and a couple of laptops covered @ £256 for the year. Cover is sufficient and the underwriter is Axa, same as M&S and Home Protect.Posted 4 years ago
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