Wow! Extra cover on contents insurance for bikes? WTF????
Discussion
The bike I'm looking at getting is, shall we say, worth a little more than my current two.
Contents insurance coming up for renewal in Dec and my current (excellent) cover covers a bike up to £1000. The one I'm getting is 5 times that.
What they're quoting is eye watering seeing as it's always either indoors or i'm riding it. Doesn't get left anywhere out of eyesight,
Any suggestions?
Contents insurance coming up for renewal in Dec and my current (excellent) cover covers a bike up to £1000. The one I'm getting is 5 times that.
What they're quoting is eye watering seeing as it's always either indoors or i'm riding it. Doesn't get left anywhere out of eyesight,
Any suggestions?
May as well have https://bikmo.com/ on the list of options to consider too
Mine are on a Barclays home insurance policy, but none are hugely expensive. I didn't bother for years.
Can you just cover them as a valuable item at home (in the same way as a painting or item of jewellery)? That is, covered for theft from home, fire, etc - but not anything else. The prices most seem to quote for bikes seem to assume you'll be keeping it in a flimsy shed or leaving it locked up all day in town.
Can you just cover them as a valuable item at home (in the same way as a painting or item of jewellery)? That is, covered for theft from home, fire, etc - but not anything else. The prices most seem to quote for bikes seem to assume you'll be keeping it in a flimsy shed or leaving it locked up all day in town.
Agent XXX said:
MrBarry123 said:
Another vote for Bikmo here.
It's nice and easy to arrange a policy with them that suits your requirements and they're very transparent in confirming what they do and what they don't cover.
Bikmo are coming out at £420 a year.It's nice and easy to arrange a policy with them that suits your requirements and they're very transparent in confirming what they do and what they don't cover.
My renewal was £350 for house and contents with Pedalcover and that included an excess waiver policy which can be used on both house and motor insurance.
Agent XXX said:
wobert said:
Obviously the premium is going to change depending upon cover for the h & c....etc
My renewal was £350 for house and contents with Pedalcover and that included an excess waiver policy which can be used on both house and motor insurance.
That 420 was just for the bikeMy renewal was £350 for house and contents with Pedalcover and that included an excess waiver policy which can be used on both house and motor insurance.
t)Insurance these days is a complex area and specialist stuff - which an expensive bike / kit is - makes like for like comparisons more difficult when comparing specialist policies with add-ons to more general policies
Check the quotes you are looking at carefully
The worst thing is finding out that the cover you thought you would have under the policy isn't there
But some of the specialist policies might be pricing for cover that you simply don't need / want to pay for
Taking the bikmo £420, that is a fair chunk of change. But if you smashed your bike up and destroyed your shorts / jersey / helmet in a crash in a sportive, it looks as though you would get paid out in full. Do the cheaper alternatives offer that too? Do you even want that cover?
Check the quotes you are looking at carefully
The worst thing is finding out that the cover you thought you would have under the policy isn't there
But some of the specialist policies might be pricing for cover that you simply don't need / want to pay for
Taking the bikmo £420, that is a fair chunk of change. But if you smashed your bike up and destroyed your shorts / jersey / helmet in a crash in a sportive, it looks as though you would get paid out in full. Do the cheaper alternatives offer that too? Do you even want that cover?
JPJPJP said:
Insurance these days is a complex area and specialist stuff - which an expensive bike / kit is - makes like for like comparisons more difficult when comparing specialist policies with add-ons to more general policies
Check the quotes you are looking at carefully
The worst thing is finding out that the cover you thought you would have under the policy isn't there
But some of the specialist policies might be pricing for cover that you simply don't need / want to pay for
Taking the bikmo £420, that is a fair chunk of change. But if you smashed your bike up and destroyed your shorts / jersey / helmet in a crash in a sportive, it looks as though you would get paid out in full. Do the cheaper alternatives offer that too? Do you even want that cover?
A sportive? Shudder............. This is a MTB and the £5k is a conservative valueCheck the quotes you are looking at carefully
The worst thing is finding out that the cover you thought you would have under the policy isn't there
But some of the specialist policies might be pricing for cover that you simply don't need / want to pay for
Taking the bikmo £420, that is a fair chunk of change. But if you smashed your bike up and destroyed your shorts / jersey / helmet in a crash in a sportive, it looks as though you would get paid out in full. Do the cheaper alternatives offer that too? Do you even want that cover?
Agent XXX said:
A sportive? Shudder............. This is a MTB and the £5k is a conservative value
Yes, the thought of a sportive can do that to people! But the point carries: if you wreck your MTB by crashing it into & destroying a dry stone wall, some of the specialist policies will pay out for the bike, your gear and for the wall to be rebuilt after you have been sued by the wall owner. Some of the extensions to a domestic policy won't.It always pays to shop around for services such as insurance, but it also pays to make sure you know what you are buying and that you are buying what you want and need.
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