- those with m&s insurance…
BUT… you must take all reasonable steps to prevent the theft of your bike by locking it to an imoveable object or if its in your garage/shed have at least a lock of five lever locking points/five lever mortice lock and that includes your up and over metal garage front door…..Posted 4 years ago
I emplore everyone to check with a fine toothcomb your insurance policies for exclusions and must do’s when it comes to securing your bikes/kit.
The quote is for a cycle specific insurance policy that I took out but was pretty much echoed by M&S when I went to try and barter the renewal cost but with the changes re values of bike covered they priced themselves out of my market.
Again re car insurance- check if you dont have your bike specifically insured as many policies cover you for less than £250 of personal possessions and that would include your bike left in the boot!!sgn23Member
your garage/shed have at least a lock of five lever locking points
Where did you read this Suggsey? I poured over the M&S T&Cs for ages and didn’t come across that. In fact a mate has just successfully claimed from M&S and his shed was just locked with a padlock.
do you work out replacement costs at what you bought a bike at, or total price of components?
You want to put the cost of the latest model of your bike plus all extra components at RRP ’cause that is the maximum they will give you if it’s nicked.Posted 4 years agospooky_b329Member
Suggseys quote is from another policy, as you have found M&S have no small print specific to bikes. I’m sure there will be something in there along the lines ‘taking reasonable steps to secure your property’ but they arn’t going to turn round and claim your £100 lock isn’t sold secure gold, or that your shed has the wrong type of lock.
When I added my named bikes on renewal it didn’t make enough of a difference to spur me into shopping around.
My bike is secondhand and most of the parts have been on various bikes over the last five years. But the policy is new for old, so I just found the current model with vaguely similar spec (race spec, apparently!) and gave them the rather impressive RRP. It would probably sell now for 10% of that, but anyway…Posted 4 years ago
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