Bicycle insurance

morana

http://www.odon.ie/Quick-Quote/Questions.asp

These are the current insurance broker for CI there may be others. I said in a previous thread I would let you when it was available so here it is.

inkedpt

Thank you, i've been looking for something like this

LCD

Is it just me or has this taken a huge jump versus previous years?

Raam

Did anyone ring for a quote?

Lumen

Raam wrote: »

Did anyone ring for a quote?

With no prior claims, website gives premium values of:

Bike value <=1500: €150
Bike value 2000: €160
Bike value >2000: €160 + (value-2000) x 0.08

+ €50 for competition use

e.g. €5000 bike including competition use -> €450 premium p.a.

Raam

Ah thanks, I picked "club" and it asked me to ring. I can see the same details now when I select "individual".

Lumen

Raam wrote: »

Ah thanks, I picked "club" and it asked me to ring. I can see the same details now when I select "individual".

If there's a Club of Raam, I want in.

Raam

Lumen wrote: »

If there's a Club of Raam, I want in.

Shhhhhhh.

kennyb3

Out of interest does Cycling Ireland only cover personal injury claims and not bikes? I smashed up my bike and body last week so interested. Their website is a bit low on detail.

mccutchie

I'm in the same boat keenyb3, anyone know ?

morana

Sorry to hear that you lads had an accident. Arent the claim forms up on CI website? fill them in and get them to Geoff. PM me if you are cant find forms etc. the insurance from the licence is only PA.

Regarding the bike scheme it has jumped because the last scheme cost the insurer quite a bit in fatc they made a loss on it.

Raam

After some maths on this one, it doesn't really make any sense for me to avail of it. Premium is too much for me.

Cipher

If anyones needs any help with quotes or questions than let me know and i'll pass your details to out sports department.

Lumen

Cipher wrote: »

If anyones needs any help with quotes or questions than let me know and i'll pass your details to out sports department.

As far as racing insurance goes, the fact is that you're quite unlikely to damage more than about 40% of your bike in a crash (unless you're unlucky enough to trash both frame and wheels in one go), and that combined with the high excess means that you really have to be quite sure you're going to crash before the premium makes sense.

Regarding the theft insurance, the problem with some household policies (mine for instance) is that they don't cover bicycles used for racing, even for theft from the home.

I personally feel that theft from the home is the biggest risk since you can lose your entire bike collection in one go, which could be financially ruinous. That's what I want insurance for. I can live with self-inflicted bike damage.

C3PO

Lumen wrote: »

I personally feel that theft from the home is the biggest risk since you can lose your entire bike collection in one go, which could be financially ruinous. That's what I want insurance for. I can live with self-inflicted bike damage.

Yep I agree but the problem is that the premium to insure 3 or 4 valueable bikes is horrendous! Personally I invested a substantial amount of money in making my garage as secure as possible with ground locks etc and I suppose I'll just have to take my chances after that!

gman2k

RPL1 wrote: »

Yep I agree but the problem is that the premium to insure 3 or 4 valueable bikes is horrendous! Personally I invested a substantial amount of money in making my garage as secure as possible with ground locks etc and I suppose I'll just have to take my chances after that!

Yeah, that's where it's at! Imagine the 5k bike as listed above. For the €450 price above you would have a savage security system - that could not be robbed by the average common decent criminal:)

Lumen

gman2k wrote: »

Yeah, that's where it's at! Imagine the 5k bike as listed above. For the €450 price above you would have a savage security system - that could not be robbed by the average common decent criminal:)

Right, but the point of any non-mandatory insurance (excluding car insurance, for instance) is that you only buy it if you expect to need it.

I have enough domestic unrest with three bikes in the kitchen as it is, without proposing to bolt security anchors into the floor.

Whitehawk

Just wanted to fire this qustion out here... Do you have bicycle insurance? why/why not would be great to know!
If you have to where did you get it? is it under some insurance you have say on a house or is it stand alone!