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Accidental damage insurance - is it worth it?

  • 05-06-2014 12:53pm
    #1
    pab01
    Registered Users, Registered Users 2 Posts: 45 ✭


    Hi all,

    I am on verge of buying a new bike and was going to join cycling ireland. While that comes with insurance it doesn't include accidental damage to bike. Is it worth taking out accidental damage cover or will insurance company do usual and try to get out of paying if they can. Anyone got any experience of needing to claim. I can't help think that if accident happens, say coming of bike and damaging frame I'll be told I was to blame/irresponsible and not be covered.

    Thanks


Comments

  • #2
    Kildafornia
    Registered Users, Registered Users 2 Posts: 209 ✭✭Kildafornia


    It's a toughie. I agonised over this when I got my current steed 4 years ago. I ended up saving my money by avoiding potholes! The fear of crashing, dropping, scraping the bike subsided after a few months of ownership (as did the daily polishing) and now I'm glad I have 4 years of potential insurance money in my pocket. This will go towards a replacement if I do come off, or a new bike if I don't.


  • #3
    Lumen
    Registered Users, Registered Users 2 Posts: 31,223 ✭✭✭✭Lumen


    It is unusual to seriously damage a bike whilst riding it, unless you are racing (which is usually excluded from insurance policies anyway).

    Falling off a bike will usually result in minor scuffs/scratches and cheap replacement parts, e.g. derailleur hanger, handlebars.

    If you collide with a large, heavy objects (e.g. bus, car) the bicycle damage will be the least of your problems. If someone else collides with you they'll be liable.

    tldr: I wouldn't worry about it.


  • #4
    godtabh
    Moderators, Science, Health & Environment Moderators Posts: 23,243 Mod ✭✭✭✭godtabh


    Would theft not be more important to insure against?


  • #5
    Inquitus
    Registered Users, Registered Users 2 Posts: 13,763 ✭✭✭✭Inquitus


    godtabh wrote: »
    Would theft not be more important to insure against?

    My race bike is either in my house or I am sitting on it, so theft is not a concern, crash damage racing however is a big concern, the crowd who offer a discount to CI members quoted me 150 yoyos a year for crash only damage with an insured bike value of €3000, not unreasonable.


  • #6
    godtabh
    Moderators, Science, Health & Environment Moderators Posts: 23,243 Mod ✭✭✭✭godtabh


    Inquitus wrote: »
    My race bike is either in my house or I am sitting on it, so theft is not a concern, crash damage racing however is a big concern, the crowd who offer a discount to CI members quoted me 150 yoyos a year for crash only damage with an insured bike value of €3000, not unreasonable.

    Same here but maybe looking at getting insure for my trip in Europe later on in the summer


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  • #7
    Kildafornia
    Registered Users, Registered Users 2 Posts: 209 ✭✭Kildafornia


    Inquitus wrote: »
    My race bike is either in my house or I am sitting on it, so theft is not a concern, crash damage racing however is a big concern, the crowd who offer a discount to CI members quoted me 150 yoyos a year for crash only damage with an insured bike value of €3000, not unreasonable.

    would that cover you for triathlon events etc?


  • #8
    Inquitus
    Registered Users, Registered Users 2 Posts: 13,763 ✭✭✭✭Inquitus


    Kildafornia wrote: »
    would that cover you for triathlon events etc?

    It would yes.


  • #9
    Scrappy600
    Registered Users, Registered Users 2 Posts: 660 ✭✭✭Scrappy600


    I've got the mtb and road bike specified under the house insurance for accidental damage outside the home and theft cost me 75 quid for the year on top of the house policy. For a new convert to carbon with not a lot of faith in its strength is nice to know it's covered if anything happens it.


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