Cycling insurance

[Wankelschrauben]

I would like an understanding of cycling insurance.

What exactly does it cover?

 

[SavageHoutkop]

I would like an understanding of cycling insurance.
What exactly does it cover?

Depends where from. Mine covers both theft and 3rd party liability (ETA):
Your Cycle Insurance Cover
This insurance covers your pedal cycle for theft, accidental loss or accidental damage occurring within Britain and for up to ninety days in Europe and up to sixty days worldwide whilst left unattended in a public place at any time provided you have complied with the following:

• The pedal cycle is secured by an approved lock to an immovable object, or;
• It is locked in a building where theft occurs because of forcible or violent entry.

Loss or damage to the pedal cycle is also covered whilst in the custody of an airline or courier provided:

• A receipt has been obtained from the airline/carrier for the period of transportation confirming their acceptance of responsibility for the pedal cycle, and
• You have complied with the airline or carriers terms and conditions and packaging/storage requirements.

The policy also provides:

• personal liability and personal accident insurance only whilst you (or somebody with your consent) are using the cycle;
• ETA cycle breakdown:
• pedal cycle hire costs while your pedal cycle is being repaired or replaced; and
• ‘get you home’ cover following theft or damage to your pedal cycle.
• free legal advice line in the event of an accident or for any personal legal problem.

 

[Fast_Mark]

Interesting. Do you know if there are any insurances which act in the same way as car insurance? I.e. If a driver is found to cause an accident where they are at fault you can claim from their insurance. I think it would change driver attitudes significantly if they knew that their dangerous driving could cost them their NCB. Also it'd be nice to know that in the event of an incident I wouldn't be left out of pocket getting myself back on the road again

 

[terry_gardener]

Interesting. Do you know if there are any insurances which act in the same way as car insurance? I.e. If a driver is found to cause an accident where they are at fault you can claim from their insurance. I think it would change driver attitudes significantly if they knew that their dangerous driving could cost them their NCB. Also it'd be nice to know that in the event of an incident I wouldn't be left out of pocket getting myself back on the road again

i think thats what the "free legal advice line in the event of an accident" is for.

but never had cycle insurance so not 100% sure

 

[tyred]

I'd be interested in the personal liability/personal accident insurance bit as a precaution rather than theft as none of my bikes are particularly valuable and I live and generally cycle in an area where bike theft is unheard off. But I have a lot of bikes and ride them all from time to time, would I be insured against personal accidents to ride any of my bikes or just ones I have specifically mentioned on the insurance policy? I don't really want to pay to insure them all against theft as it's such an unlikely event for me.

 

[jefmcg]

If you just want 3rd party, you can have that for £12 for the first year.

https://www.cyclechat.net/50% off LCC and British Cycling membership (includes insurance)https://www.cyclechat.net/

 

[Paulus]

If you just want 3rd party, you can have that for £12 for the first year.

https://www.cyclechat.net/50% off LCC and British Cycling membership (includes insurance)https://www.cyclechat.net/

Or join the CTC, up to £10 million 3rd party and free legal advice.

http://www.ctc.org.uk/

 

[Rebel Ian]

Interesting. Do you know if there are any insurances which act in the same way as car insurance? I.e. If a driver is found to cause an accident where they are at fault you can claim from their insurance. I think it would change driver attitudes significantly if they knew that their dangerous driving could cost them their NCB. Also it'd be nice to know that in the event of an incident I wouldn't be left out of pocket getting myself back on the road again

When I had my incident a couple of years ago I handed the claim to a company who pursued costs through the other driver's insurance. It didn't cost me a penny so i wouldn't pay insurance to get that service.

 

[Arch]

When I had my incident a couple of years ago I handed the claim to a company who pursued costs through the other driver's insurance. It didn't cost me a penny so i wouldn't pay insurance to get that service.

You shouldn't even need to get a company to do it, if you're savvy and determined enough. Anyone can claim against a driver's insurance, assuming they have a case, and the details.

Insurance companies will do anything to avoid paying though, so having someone official on your side helps, like a decent solicitor. The claimaint doesn't need to have insurance though.

 

[Rebel Ian]

You shouldn't even need to get a company to do it, if you're savvy and determined enough. Anyone can claim against a driver's insurance, assuming they have a case, and the details.

Insurance companies will do anything to avoid paying though, so having someone official on your side helps, like a decent solicitor. The claimaint doesn't need to have insurance though.

Indeed. I could have done it myself but couldn't be bothered to get into a lengthy exchange of communication when someone was willing to do it on my behalf at no cost!

Had he paid for the repairs himself like he said then he would have saved his no-claims. As he became obstructive I decided to appoint a third party to pursue it on my behalf who subsequently claimed through his insurance.

 

[Fast_Mark]

Do you still have details of this company, Ian. Not that I need it now, but useful info to keep in the back pocket.

 

[Rebel Ian]

Do you still have details of this company, Ian. Not that I need it now, but useful info to keep in the back pocket.

I know a lot of people advocate joining the CTC who will offer the same service but as I wasn't a member I used these guys....

http://www.cycle-claims.co.uk

I cannot speak highly enough of their service. Ultra professional and entirely free. I received a cheque for the full cost of my repairs.

 

[Atyl1972]

i reckon its better to be insured on the house and contents insurance, insurances for cycles that i have contacted they were unsure about whether to include my Asgard bike storage in with the bike due to the locks not being a of a certain grade that they require however my house insurance was recently up for renewal and i asked for a quote on a bike and the storage shed and am now covered for both my bike, my daughters and the Asgard shed which also includes any cosmetic damage due to attempted theft, cant beat that IMO..

 

[fossyant]

If you ride a bike regularly, I would strongly recommend getting CTC or BC cover - normally £36 a year, but you can get it cheaper if on offer - like above, or you opt for the lower policy.

If you need your bike insuring, cheapest is to do it through your home contents insurance or an add on to it.

Accident's happen. CTC/BC gives you legal assistance should you be hit by a third party, but also provides cover if YOU do something wrong - clipping a wing mirror - these cost about £400 plus to replace an electric powered/heated colour coded one !

Ahem, as I found myself this week, prising myself off the back of a black cab after getting thrown off by a pot hole. Helmet shaped dent in the back of a cab. (PS he hasn't phoned me yet, so hoping he has been able to pop it back out).

For £36 or LESS a year - well worth it.