Bicycle Insurance

Demelza

I'm not sure if this is going in the right place but here goes. I want to buy bicycle insurance against theft for my grandson, who is under 18. He doesn't live with me. Any suggestions how I can do this please? 

Nebulous2

Here’s a recent thread in the insurance part of the forum, which will give you a starter. 
https://forums.moneysavingexpert.com/discussion/6138902/mountain-bike-insurance#latest

I don’t insure my bikes, but they are rarely out of my sight when I am outside. Work has quite a secure bike shed and there are certainly more attractive bikes there than my work one. 

I think third-party cover is essential, and get mine as part of a British Cycling membership. They will also cover theft. Adding them to household insurance may be cheapest. Specialist cycling cover is also available. 

An insurance policy is no substitute for a good lock, in fact the insurance is likely to require one. A lot of keen cyclists will use two - a D-lock to secure the frame to something solid and a cable-lock to cover wheels. 

macman

Add it to his parent's home contents insurance, if that will cover theft outside the home?

vitaweat

macman said:

Add it to his parent's home contents insurance, if that will cover theft outside the home?

I agree with this.  In addition a decent bike lock often comes with theft insurance thrown in.

rdr

vitaweat said:

macman said:

Add it to his parent's home contents insurance, if that will cover theft outside the home?

I agree with this.  In addition a decent bike lock often comes with theft insurance thrown in.

The "free" insurance with bike locks is usually useless. Having read some I can't see any circumstances where they would actually pay out.

anita116

Nebulous2 said:

Here’s a recent thread in the insurance part of the forum, which will give you a starter. 
https://forums.moneysavingexpert.com/discussion/6138902/mountain-bike-insurance#latest

I don’t insure my bikes, but they are rarely out of my sight when I am outside. Work has quite a secure bike shed and there are certainly more attractive bikes there than my work one. 

I think third-party cover is essential, and get mine as part of a British Cycling membership. They will also cover theft. Adding them to household insurance may be cheapest. Specialist cycling cover is also available. 

An insurance policy is no substitute for a good lock, in fact the insurance is likely to require one. A lot of keen cyclists will use two - a D-lock to secure the frame to something solid and a cable-lock to cover wheels. 

Insurance is so much more than against bike being stolen.   My car was written off by a cyclist who had his head down due to rain and wasn't looking.   I had 2 young children and lived in a hamlet without transport.   I had to take the cyclist to court in the end to get my money.   Decent insurance would have made everything so much easier.   The insurance cost is nothing compared with a car that is written off.   It can often be added pretty cheaply to home insurance as Nebulous 2 says.