Bike insurance, whos got it?

[Alex12]

Rite iv just bought myself a new Reign, now im thinking it would be a good idea to get it insured, is it worth getting it insured? does anyone know of any good bike insurance companies?

cheers guys

[prand]

I've had my bike added to the house insurance (which also covers theft if it is nicked when locked up outside shops etc). I'm not even sure they added anything to the premium.

[prand]

Oh and to answer your first question - YES! It is worth insuring. Make sure you keep the receipt.

[pedantlewis]

Mine's covered on the household insurance, I wouldn't be happy having an expensive bike not covered.

[Stedman]

Get really good house insurance (M&S are really good) and put it on there. I looked at specialist bike insurance and decided it wasn't worth it.

[mchammer89]

Anybody give a rough insurance quote for a £500 and £1k bike?

[Tim.s]

mchammer89 said:

Anybody give a rough insurance quote for a £500 and £1k bike?

I paid about 6 quid a month for a 1k bike with E and L.

One thing though, keep all your reciepts! They will only pay out for things that you can prove you had, should be fine with a shop bought bike.

[cjs]

Taking this slightly off topic. I would like to get some 3rd Party Insurance for when I ride, I have read that this comes as part of a membership to a Cycling Organisation, can anyone make any recommendations? Which is the best org to join? I manly do XC and road biking.


BTW I have my bike insured through my house insurance, I think it added about £35 per year to my policy as a named item.

[WBC]

The CTC provide third party insurance as part of their membership and are very good.

[Chris71]

I've given up insuring my bike. It was something stupid like £120 a year - getting on for a tenth of it's value. Now I've left fecking Swansea (where one of my bikes did actually get nicked, plus a mate's!) the chances of any of them going missing are pretty miniscule.

[pdV6]

Specialist bike insurance can work out very expensive if you have anything worth a decent amount (or more than one bike etc.)

As has been mentioned previously, M&S Home Insurance can be a good way to go as all possessions (including bikes) are covered up to a single item limit of £4k, which should be enough for most cyclists. They don't even want to know the details of the bike(s) in question.

Top service.

[cone]

Once again , insured with M&S, very helpful even with foreign trips etc. Like for like new for old , so they say. Still would be nice (well not for the other party sorry) to hear from someone who has actually had to use them for a claim - anyone on here?

[Saddle bum]

CTC do third party insurance as part of the annual subs. I'm not sure if it can be extended to fully comp.

[Stedman]

When we called up M+S to insure my bike, they didn't mind it was over £4k really. As long as you declare it, they're pretty cool.

Without sounding all TOFF TOFF, my mum managed to write off quite an expensive Rolex (woman+stairs ey!) and M+S were amazing to her considering the claim and got everything organized as quickly as possible with the minimum fuss. Cant recommend enough.