- What is the current favourite post-M&S home insurance (with bikes) option?
John Lewis, expensive bikes aren’t covered for free but the premium was cheap to specify them and the policy is underwritten by Alliansz (so not a dodgy Lloyds listed unnamed insurer that will proactively look for ways to repudiate claims).
That ,along with JL’s cracking customer service, was perfect for me.Posted 4 years agogarySubscriber
For me, Hiscox quoted cheaper than M&S and no need to declare bikes for cover at home but had 2.5k limit away from home – you would have to declare anything greater than that and pay more for away from home cover.
I ended up staying with M&S as it was only 70 quid more than Hiscox to add a number of bikes for full away from home coverPosted 4 years ago
John Lewis, expensive bikes aren’t covered for free but the premium was cheap to specify them and the policy is underwritten by Alliansz
No it’s not, it’s underwritten by RSA (More Than), but your point still stands. None of the big companies will have affinity relationships with little insurers like you say, so I’d not worry. You don’t deal with John Lewis, you deal with RSA (who just say “thank you for calling John Lewis”), no small insurer will have the facilities to support that.
I just renewed with M&S – be honest about the value of the bikes though, I said £4k on one and it added £100 to the premium, when I said it was actually £3800 it took £40 of that off – like it’s exponential.
I paid £250 in the end with two bikes over the £2k. New business like for like quote with M&S was £700 – Axa have obviously been burned with lots of high value bike theft claims, hardly surprising!Posted 4 years agoScienceofficerMember
I moved a few months ago to a flood prone postcode and I have a claim for near enough 4k’s worth of bike bits from a nasty stack a couple of years ago.
When I phoned M&S to port my cover across, they wouldn’t cover me at the new address due to the compound risks.
This was a bit of a surprise and since I had to have house cover on the new address prior to receiving my mortgage, so I did a quick and dirty direct line internet thing. So currently I’m under insured. 😐Posted 4 years agoroger_mellieSubscriber
I ended up specifying a single bike on our existing John Lewis ‘Premier Select’ policy for an additional £53/ year.Posted 4 years ago
OP – may be worth asking your current provider what would happen to your premium if you did this, but if you have a fleet of bikes I guess it could start getting expensive?
This was a bit of a surprise and since I had to have house cover on the new address prior to receiving my mortgage, so I did a quick and dirty direct line internet thing. So currently I’m under insured.
M&S won’t cover my buildings, but will cover contents, I just use separate insurers for each.Posted 4 years agosmogmonsterSubscriber
Sheilas wheels (Dont go there….). The cheapest by an absolute mile (and a THIRD of my M+S renewal quote), and cover any bike upto £4000 as long as you specify it with them if over £500. Oh yes, and unlimited contents. £250 for the year on a £300k house, unlimited contents, 2 road bikes and 2 mountain bikes.Posted 4 years agoscotroutesSubscriberformerly known as Mr Munqe Chick! wrote:
+1 Sheilas Wheels, cover as good as M+S used to be but far cheaper. NFU wouldnt even touch us (random postcode lottery for insurance databases methinks).
Looks like it. NFU were by far the best/cheapest for me. I tried Hiscox (based on other recommendations on here) and they were more than twice the cost.
I’d previously been with Green Insurance (really Kwik-Fit underwritten by Axa) and they were great. However, they wouldn’t let me transfer the policy to a new address and they’ve now changed the cover. They wouldn’t do bikes over £1,000 and when I asked them for a quote not including the bikes they said they wouldn’t as there was a still a risk that having them would make burglary more likely!Posted 4 years agoblandMember
Were moving so needed to do a quote and sheilas wheels seems good, half what im paying now, covered for storage in home or garage, covered for accidental damage and covered for overseas travel, but not covered for damage overseas, which is fair enough.
Anyone ever trashed a bike through a stack and claimed out of interest?Posted 4 years agoAlexSimonSubscriber
Ended up with AMEX – had to declare everything, but the cover was right for outbuildings/away from home/bikes locked to bike rack/etc.
It was only cheap if I paid up-front though – they were asking for some silly high rate of interest on installments.
(tried M&S, AA, NFU and one more that I can’t remember. Didn’t try Hiscox)Posted 4 years ago
The topic ‘What is the current favourite post-M&S home insurance (with bikes) option?’ is closed to new replies.