Insurance

[Lavender Rose]

I am with PedalSure. I have both my Allez and Diverge insured (with competition add-on as I do Duathlon) for £8.47 per month, unsure of the excess. They have always been helpful over the phone and email if I have had queries.

 

[lane]

In my experience the specialist bike insurers are all very stringent and without exception require a sold secure - often gold - lock. Some house insurance companies e.g. John Lewis just require tha the bike is locked. Read the small print.

 

[Lavender Rose]

PedalSure state that if a bike is worth under £1000 (which mine both are) You only require a Bronze Sold Secure. You can get a list on their site. I am contemplating getting a Hiplock.
https://www.hiplok.com/product/hiplok-fx-red-cable-lock/
https://www.hiplok.com/product/hiplok-pop-cyan/

These are around £19.99 and are worth buying and using, especially if something were to happen and in the event of a claim.

PedalSure as well have the line about an "immovable object" - however, this seems pretty standard that people would attach bikes to these structures. I would never leave my bike attached the car and go somewhere else for a long period of time - there are opportunists everywhere. I do not blame companies for not covering theft in this way, I am lucky I can fit the bike in the car - so if I had it on the rack and then had to go somewhere, I could remove from the rack and put both in the car and covered.

This seems to be the general rule amongst companies:
"For bikes valued up to and including £1,000 we require that the bike is secured with a Sold Secure Bronze, Silver or Gold rated bicycle, motor scooter or motorbike lock. For bikes valued between £1,000 and £2,000 we require that the bike is secured with a Sold Secure Silver or Gold rated bicycle, motor scooter or motorbike lock, and for bikes valued at or over £2,000 we require that the bike is secured with a Sold Secure Gold rated bicycle, motor scooter or motorbike lock."

I am going to be purchasing a lock, most likely the Hiplok for summer cycling as I plan to do quite a few solo rides. It just gives me that extra mental security too!

 

[vickster]

I am with PedalSure. I have both my Allez and Diverge insured (with competition add-on as I do Duathlon) for £8.47 per month, unsure of the excess. They have always been helpful over the phone and email if I have had queries.

Suspect it's more if you live in an urban area or one with high levels of bike theft

 

[Lavender Rose]

I guess so....its like any type of insurance - there are geographical factors. I was just giving as an example

 

[vickster]

I guess so....its like any type of insurance - there are geographical factors. I was just giving as an example

Indeed. However, given my home insurance for buildings and contents is under £300. My bikes up to £1500 are covered so I'm certainly not paying £100 a year to insure them. May well have a bigger excess though than a cycle only policy

 

[Alex H]

Try Bikmo+ if you are online. Cycling UK & British Cycling don't cover the bike - only 3rd party public liability. Some house insurances have some cover but usually very limited and check conditions - usually pretty stringent

Bikmo quote for the 2 bikes in my sig - £295.32

 

[vickster]

Bikmo quote for the 2 bikes in my sig - £295.32

Try your home insurers...

Bikmo seem to charge about 10% of value in premiums

 

[PaulSB]

Bikmo quote for the 2 bikes in my sig - £295.32

Most good home insurance policies will cover bikes. I paid £267 for my buildings, contents, out buildings and garden equipment this year. This includes unspecified bikes to the value of £8000 world wide. The only proviso being the bikes must be locked to an immovable object. This gives rise to the bizarre situation whereby a bike lockef on a rack on the car is insured. A bike in the back of the car is not.

My policy is with Halifax.

In my opinion if you have good house contents cover specialist bike insurance is wasted money - in fact it's a rip off.

 

[vickster]

[QUOTE 5402297, member: 9609"]Does household insurance cover 3rd party if you do some damage when out ?[/QUOTE]
Sometimes, depends on terms of policy or legal cover. You can get 3rd party indemnity pretty reasonably though

 

[lane]

[QUOTE 5402303, member: 9609"]I doubt my household policy would cover me, the wording is not very convincing. Any pointers for third party cover?[/QUOTE]

Join Cycling UK who provide cover as part of the membership package. Costs abot £3 a month.

 

[NorthernDave]

British Cycling or whatever CTC are called now - BC membership is about £30-odd a year and includes TP liability cover along with lots of other benefits of increasingly debatable value.

 

[vickster]

British Cycling or whatever CTC are called now - BC membership is about £30-odd a year and includes TP liability cover along with lots of other benefits of increasingly debatable value.

Ride is now £39, although get 10% off if commit to annual direct debit

https://www.britishcycling.org.uk/membership

CUK a bit more at £45
https://www.cyclinguk.org/join

 

[vickster]

[QUOTE 5402303, member: 9609"]I doubt my household policy would cover me, the wording is not very convincing. Any pointers for third party cover?[/QUOTE]
LCC used to offer for £11 a year but I think they've withdrawn and only full membership available

Wiggle Assist looks to be ok value at £24 a year (and with 20% off this month) but as with all of these read the Ts &Cs about what is covered or not, what you would get or have to pay in the event of a claim etc. E.g. Their personal liability is up to £1m, while BC is £10m

https://cycleinsurance2.wiggle.co.u...1.1550447230.1538818024-1368774136.1357469687

 

[PaulSB]

[QUOTE 5402297, member: 9609"]Does household insurance cover 3rd party if you do some damage when out ?[/QUOTE]

I think it's an optional extra on mine which I declined. BC membership covers me for that when I'm cycling.