Looking for reputable bicycle insurance

Pandilex

Hello, I just bought a new bike which including accessories will be worth just over £500. I want to get it insured but I am not sure which insurance company to go with. Does anyone have any good experiences with a particular company?

I considered putting it on my contents insurance (my garage isn't covered at the moment because it's empty and only use it for my existing bike which is worth about 20 quid), but I want it to be insured when I cycle to the pub or the shops or whatever, not just at home, so I figured separate cover would be best to avoid paying twice.

Thanks for any advice :T

dacouch

The cheapest way is to add it to your contents insurance assuming your excess is not to high.

Why do you think the contents of your garage are not covered?

Pandilex

Ah, thanks. I'll give them a call and see what they can do. I don't think it will be covered at the moment because I didn't declare I had a separate garage when I got the contents insurance originally because there was only my cheap bike in it that's rusted and falling to bits.

Edit: I checked my policy document, apparently I have £500 cover in my garage. I still need insurance when my bike is out and about though.

dacouch

Your bike will probably have separate cover in the garage to the £500 (but probably not away from home unless you pay circa £20 to extend it).

Check the policy wording as it's common for the bike to be inside your garage / shed or house and locked when it's at home and when away from home locked to an immovable object eg a lamp post etc.

Your home Insurance will normally cover liability for riding a bike as well.

Alternatively look at some of the cycle clubs / unions who offer cover for bikes, liability and support etc for a smallish charge.

dasy2k1

Dont bother with endlseigh,

i had my bike insured with them, when it was stolen the thief unbolted the bike rack it was locked to from the ground then slid my very tough and expensive lock off the rack,

because my lock had not been attacked directly they refused to pay

apparently when the thief unbolted the rack from the ground the bike was no longer locked to a "secure and immovable object" and thus wasnt covered

dacouch

dasy2k1 wrote: »

Dont bother with endlseigh,

i had my bike insured with them, when it was stolen the thief unbolted the bike rack it was locked to from the ground then slid my very tough and expensive lock off the rack,

because my lock had not been attacked directly they refused to pay

apparently when the thief unbolted the rack from the ground the bike was no longer locked to a "secure and immovable object" and thus wasnt covered

If your bike was locked to an immovable object and thats what the Insurance says then Endsleigh are wrong

Pandilex

I suspect that's the same with any insurance company, they're all scumbags who will try to wriggle out of paying up.

Bazshawkins

Surely if the thief managed to move the rack, it is not an immovable object?!

Green2

I had a very expensive (£1300) bike on my cycle to work scheme and took out special bike insurance with a very well known bike insurance company. It was nicked from a locked garage but the thieves were sneaky and pried the garage door offm took the bike and put the door back on (!) so they could come back for the other 10 (uninsured) bikes at a later date. Because the break-in was disguised, the company wouldn't pay out because they only pay out for "violet forced entry". The policeman suspects the thieves followed me home and watched the garage for an opportunity to take the bike! So all the UV marking, microchipping, registration of the frame number and other things I'd done counted for nothing. I'm £1500 down, including all the equipment, lights, panniers, locks (!) they took AND the useless insurance which clearly isn't fit for purpose.

rs65

Pandilex wrote: »

I suspect that's the same with any insurance company, they're all scumbags who will try to wriggle out of paying up.

Why take out insurance for the bike at all if that's your view?

Just stick some money away every month, in case something happens to it.

rs65

Bazshawkins wrote: »

Surely if the thief managed to move the rack, it is not an immovable object?!

If its the one I'm thinking of, 'immovable object' is defined:-

1.17 Immovable Object -means
(a) any solid object fixed in or on to concrete or stone, which is not capable of being undone, removed with, or lifted under/over the Bicycle.
(b) a properly fixed motor vehicle roof rack or properly fixed vehicle Bicycle rack.