Bike Insurance

snack_ie

Some prick tried to nick my bikes last night from my shed - I keep my mountain and road bikes there (worth about 2000 new) but they are well locked up. They tried to cut through the locks but failed, but I think that they'll come back soon cause I had two other less valueable bikes there which were not locked which they could have just taken.

Anyway the bikes now live inside.

Does anyone have or know of where is good to get cycling insurance (for your bikes). I though Cycling Ireland had an offer - heard a rumour. Is this true?

Vélo

Add it to your house insurance.

penexpers

Yes add it to your house insurance. FBD seemed to be the most competitive when I last looked at this.

snack_ie

yeah i could do that. but was wondering of any other options.
cheers though.

CheGuedara

Aquinas73 wrote: »

Add it to your house insurance.

House insurance usually pathetically under covers bikes with most companies limiting payouts on bikes to e500 or less however.

That said, I'm not absolutely sure of the CI cover either. Here's the details though if you want to pick through them

http://rapidshare.com/files/199586754/RSA_Bike_Cover_for_Cycling_Ireland.pdf.html

penexpers

CheGuedara wrote: »

House insurance usually pathetically under covers bikes with most companies limiting payouts on bikes to e500 or less however.

You can get them specified in the policy (for an extra premium) and this covers them outside the home.

TinyExplosions

penexpers wrote: »

You can get them specified in the policy (for an extra premium) and this covers them outside the home.

+1 that's how mine are covered, and it includes theft and crashing (unless racing at the time)

tunney

Home insurance won't cover bikes used for racing.
They generally won't cover a decent bike (>2k)

Vélo

me too. Mind you I only insured my road bike and MTB.

farmchoice

I am an insurance broker and I would advise you to add it to your house insurance policy under the all risks section. This will cover it for nearly everything depending on the policy. Some policies cover what they call un specified all risks with a single item limit, that limit can be 1,000 or 2,000 depending on the policy. Even if you have this cover try and have the company list the individual bikes anyway this avoids hassle later on. And remember anything stolen from a garage or shed that is not locked is not covered. No forced entry no payout.

Vélo

The reason I only insured my MTB and road bike is because the others weren't worth insuring. My Langster and Commuter I didn't add even though they're worth 600 and 800. If I make a claim the excess is 250 (I opted for a higher excess to get a reduced premium) then your no claims bonus is affected so it wasn't really worth my while. If I did claim then I'd lose the 20% or 25% discount in year one. It would then build back up over 3 years. I don't think I'd claim for anything unless it was over €1000. If you make a claim on your house policy then it could limit the number of companies that will quote after that. This is the joys of insurance.:eek: