Bike Insurance.

Coolaboy

Hi everyone. Going to do loads of cycling this year on the road and have upgraded to a 1,500 bike. I wont be joining a cycle club as I work day/night shifts and weekends so will head off myself. Wont ne entering and competitions, trials etc either. What insurance options are available. Many thanks for the advice.

byrnem31

Coolaboy wrote: »

Hi everyone. Going to do loads of cycling this year on the road and have upgraded to a 1,500 bike. I wont be joining a cycle club as I work day/night shifts and weekends so will head off myself. Wont ne entering and competitions, trials etc either. What insurance options are available. Many thanks for the advice.

I sold my motorbike as I was not using it and the insurance was around €240. Bought a giant advanced 2 2020 for €2250 and the insurance is nearly the same.
Plus there was loads of conditions on the bicycle insurance including what type of lock I use on my shed door. I just refuse to pay it and have 2 big chains on the bike attached to the wall.
I have it beside me at my desk in work and I wouldn't leave it around the city either way.
When I was buying it in penny farthing, they showed me a customers trek literally bent in half as thief's were trying to steal it and couldn't so wrecked it.
So yeah, couldn't be arsed paying the same for a bicycle to that of a sports motorcycle that went 140mph, 0 to 60 in 2.9 seconds.

magicbastarder

it depends on your house insurance policy, some insurers are better at including bikes in the house than outside the house.
most of mine are covered as contents, and i would not consider for a moment the cost of insuring them for loss or damage outside the house.

Coolaboy

Any views on bikmo insurance or cycling Ireland cover?

Hunt_Morris

Bicycle or bicycle hull insurance is aggregate risk insurance that covers all of the most common types of damage that can be caused to a bicycle, ranging from a fall to theft.

CramCycle

Put it on your contents insurance if possible for the house. After that, set aside money for two really good locks as these would have been a requirement anyway, and then set up a savings account and throw in the money you would have had to pay to the likes of bikmo into that. Excess (and someone can correct me) is typically about €500, then throw the €12/month into the savings account. In one year you are at half the price of the bike and you get a new one every 7 years. If you use the bike to work scheme you are at the price of the bike within 2 years.

Just my opininon but bike insurance seems like a false economy unless you can get it included on your house insurance.

Seth Brundle

Just my opininon but bike insurance seems like a false economy unless you can get it included on your house insurance.

Just bear in mind that many home policies have max values per claim for bikes e.g. €1k or €1.5k. Double check to be sure!

CramCycle

https://www.boards.ie/discussion/comment/119200518#Comment_119200518

For mine it just had to be declared on the poiicy, if it wasn't the above applied, bikes upto 1k

Hunt_Morris

Once after buying a new bike, I was faced with the problem of where it was safer and more reliable to ensure my bike, but after a while, I found an alternative option and insured my bike with https://simplebikeinsurance.com/ebike-insurance/

Seth Brundle

https://www.boards.ie/discussion/comment/119204745#Comment_119204745

That company only cover bikes in Canada and America.

monkeyslayer

The bikemo insurance covers crash damage too not just theft. Good to have if you're riding pricey wheels and a frame.