Best home insurer for house full of bikes

Lumen

It's renewal time again.

My current insurer doesn't cover anything (even theft from the house) of bicycles used for racing. I now only have one dedicated racing bike, but it still irks.

I have about 8-10 bikes whose replacement cost varies from a couple of hundred to a few thousand euros, all kept indoors.

Any recommendations for bike-friendly insurers?

doozerie

I'm not sure I'd consider them bike-friendly, as such, but RSA cover bikes for theft and damage away from the home. Racing is excluded, or used to be anyway. They are covered abroad too I think up to a certain number of days in the year. It is pricey though, last time I checked it cost somewhere in the region of 7euro per 100euro covered.

I claimed for a frame that snapped last year, they sent out an assessor, and honoured the claim, so their cover does "work".

WillyFXP

123.ie will add bikes individually to policies, price varies according to bike value but you can do a quick online quote.

07Lapierre

A hungry German Shepard!

nak

WillyFXP wrote: »

123.ie will add bikes individually to policies, price varies according to bike value but you can do a quick online quote.

That's who I'm with - 5 bikes insured, doens't seem to be a limit to the value and our premium is low. Got a quote for €400 for just one bike through the CI recommended bike insurer!

Scrappy600

I have the 2 bikes with 123.ie and i'm covered for acidental damage/theft outside the home too so if i snap a frame i'm covered at least. I think two bikes and some of the wifes jewellery on the same rider policy ads about €70 to the premium. So prob about €50 extra for the bikes to be on it id say, well worth it with all the bike thefts lately IMO.

Lumen

Wonderful, got a good deal with 123.ie.

What a terribly useful place this forum is.

No Pants

Scrappy600 wrote: »

I have the 2 bikes with 123.ie and i'm covered for acidental damage/theft outside the home too so if i snap a frame i'm covered at least. I think two bikes and some of the wifes jewellery on the same rider policy ads about €70 to the premium. So prob about €50 extra for the bikes to be on it id say, well worth it with all the bike thefts lately IMO.

Just to clarify; do you wear the wife's jewellery often while out on the bike?

Rua_ri

for those that are interested in such matters, 123.ie are owned by RSA.
They became part of the RSA group in 2010.

I have my bikes insured with them.

Scrappy600

No Pants wrote: »

Just to clarify; do you wear the wife's jewellery often while out on the bike?

just the nipple rings and belly button dangler. Dont want to overdo it y'know....

Scrappy600

Lumen wrote: »

Wonderful, got a good deal with 123.ie.

What a terribly useful place this forum is.

And funnily enough, the first day i rang to get the insurance, the chap that answered the phone and did the policy with me was a regular on the trails in ticknock as i told him it was the only reason i was taking it out to protect the bikes!

Lusk_Doyle

I've all of mine insured on my Zurich policy. Generally a very good insurer.

Lusk_Doyle

Lumen wrote: »

Wonderful, got a good deal with 123.ie.

Beware the small print of 123 yellow pack policies.

Lumen

Lusk_Doyle wrote: »

Beware the small print of 123 yellow pack policies.

Thanks, will check. I'm still in the cooling off period. Anything specific to look out for?

triggermortis

cheapest quote I got was 123 too. Just moved so need to look at insurance again myself as I'm not in Ireland anymore

No Pants

Lumen wrote: »

Thanks, will check. I'm still in the cooling off period. Anything specific to look out for?

High excess, anything relating to a burglar alarm or anything else in the house that could malfunction and not be noticed or dealt with right away. High admin charges, but that'll only come into play if you add to the fleet or change the policy in some other way.

That's all I can think of right now. I'm assuming that the general cover has already been checked out by you and deemed suitable.

Lumen

No Pants wrote: »

High excess, anything relating to a burglar alarm or anything else in the house that could malfunction and not be noticed or dealt with right away.

Yeah, I noticed they are pretty strict about door and window locking (deadlocks used at all times the house is unattended, no keys left in window locks etc) but I assumed that all policies are like that.

I deselected the alarm option as I can't be arsed putting it on when I'm just going out for milk.

MB Lacey

No Pants wrote: »

High excess, anything relating to a burglar alarm or anything else in the house that could malfunction and not be noticed or dealt with right away. High admin charges, but that'll only come into play if you add to the fleet or change the policy in some other way.

That's all I can think of right now. I'm assuming that the general cover has already been checked out by you and deemed suitable.

My friend had €6,000 worth of camera gear stolen, all of which was thankfully covered on his house insurance.
They sent an insurance guy round to his house and found fault with a fire alarm, deeming his house uninsurable and his claim null and void.

He had to fight for months, I think he did get the money in the end, but ridiculous.

You also have to make sure your locks comply with the criteria set by the insurance company.

This isn't 123.ie specific, just in general.

Lusk_Doyle

Lumen wrote: »

Yeah, I noticed they are pretty strict about door and window locking (deadlocks used at all times the house is unattended, no keys left in window locks etc) but I assumed that all policies are like that.

I deselected the alarm option as I can't be arsed putting it on when I'm just going out for milk.

Your time must be very important to you if you can't give 5 secs to alarm setting!

Lusk_Doyle

MB Lacey wrote: »

My friend had €6,000 worth of camera gear stolen, all of which was thankfully covered on his house insurance.
They sent an insurance guy round to his house and found fault with a fire alarm, deeming his house uninsurable and his claim null and void.

He had to fight for months, I think he did get the money in the end, but ridiculous.

You also have to make sure your locks comply with the criteria set by the insurance company.

This isn't 123.ie specific, just in general.

I encounter all sorts of crazy in my dealings with ins cos!

SWL

Lumen wrote: »

Thanks, will check. I'm still in the cooling off period. Anything specific to look out for?

You need to report the bike theft to the Gardaí within 24 hours, if you don't they won't honour the claim.

Lumen

Lusk_Doyle wrote: »

Your time must be very important to you if you can't give 5 secs to alarm setting!

It's not a question of time, it's a question of dealing with false alarms and alarm faults which the geniuses at Eircom Phonewatch are unable to resolve.

rollingscone

FYI 123 is owned by RSA and all of their general insurance products are underwritten by RSA.

Insurance companies generally face an uphill battle with denying claims even some blatantly fraudulent ones.

AstraMonti

123.ie covers each of my bikes up to 3k, even if they are outside in the shed locked.