Cyclesure.ie Gone any alternatives?

coach22 · 07-01-2016 10:43AM #1

As the thread title states. Cyclesure.ie seem to be not taking on any business. I was hoping to take out insurance for the bike to go racing this year.

Are there any alternative companies to them out there offering race cover?

Alek · 07-01-2016 11:29AM

Bummer.

Cyclesure.ie will also be unable to renew existing policies beyond 31st January 2016 and policyholders will receive individual notification of this during January.

Does this mean that the insurance I've purchased in December (for a year) will end this month?

coach22 · 07-01-2016 11:37AM

Alek wrote: »

Bummer.

Does this mean that the insurance I've purchased in December (for a year) will end this month?

Im not sure man. Maybe you will be covered. Probably best to contact them and see.

Quote from the website:

"With effect from 31st December 2015 Cyclesure.ie cannot offer any quotations or accept new customers. Cyclesure.ie will also be unable to renew existing policies beyond 31st January 2016 and policyholders will receive individual notification of this during January. We very much regret that we are unable to offer our policies at this time and hope that we will be back on-line later in 2016."

ThisRegard · 07-01-2016 11:45AM

That reads to me that they're winding down their book. No new business and existing policies will be let run their term, at which point there'll be no offers of renewal.

Alek · 07-01-2016 12:36PM

Tried to contact and...

A message that you sent could not be delivered to one or more of its
recipients. This is a permanent error. The following address(es) failed:

info@cyclesure.ie
Mailbox quota exceeded

smacl · 07-01-2016 03:38PM

Alek wrote: »

Tried to contact and...

They seem to be a spin off of cyclesure.co.uk (same branding), maybe try contacting them;

Phone: 0151 427 9529
Fax: 0151 494 4433
Email: NAC@butterworthspengler.co.uk
Web: http://specialistschemes.butterworthspengler.co.uk

Was looking at getting my own bike insured, so also interested in alternatives

CramCycle · 07-01-2016 05:52PM

Putting the bike on the home insurance is always worth a try if you have it, would be cheaper than cyclesure, although, IMO, many house insurance policies are geared in such a way that its only worth claiming if you lose everything as the premiums pretty much jump to recover one off losses within 4 years or so.

Derrydingle · 07-01-2016 06:16PM

CramCycle wrote:

Putting the bike on the home insurance is always worth a try if you have it, would be cheaper than cyclesure, although, IMO, many house insurance policies are geared in such a way that its only worth claiming if you lose everything as the premiums pretty much jump to recover one off losses within 4 years or so.

I don't think that home insurance would cover racing

CramCycle · 07-01-2016 06:18PM

Derrydingle wrote: »

I don't think that home insurance would cover racing

Apologies, thought it was just theft

nilhg · 07-01-2016 10:51PM

Derrydingle wrote: »

I don't think that home insurance would cover racing

I didn't either till I broke my frame and rear wheel in a club league race, FBD paid up with no issues as regards to the racing element (I did tell them upfront) and insured my new bike with no change in conditions. The bike was named as an all risks extra on the policy. Other companies surely will have a different way of looking at this so you have to ask the question and be satisfied that you have the cover you need.

CramCycle · 08-01-2016 01:29AM

nilhg wrote: »

Other companies surely will have a different way of looking at this so you have to ask the question and be satisfied that you have the cover you need.

I may be changing my insurer as the response I got was not as nice.

Delboy007 · 08-01-2016 11:41AM

Alek wrote: »

Tried to contact and...

Hi

I emailed [EMAIL="'NAC@butterworthspengler.co.uk'"]'NAC@butterworthspengler.co.uk'[/EMAIL] as I took out a policy in Nov and got the below

'Thank you for your email and I would confirm your Cyclesure policy numbered xxxxxx is still ‘live’ up to renewal date in November 2016 and a letter will be sent to you shortly regarding cover under the Cyclesure scheme.

Unfortunately from 1st January 2016 we are no longer in a position to offer cover under the Cyclesure IE policy for new business.'

So I gues I will have to find a new place to insure my bike next year.

coach22 · 08-01-2016 12:20PM

I live in rented accommodation so House Insurance isn't an option for me.

The more I think about it I think its time for n+1 for me.

Don't want to risk the good carbon bike this year so I'm on the lookout for an aluminium racer now!

kenmc · 08-01-2016 12:36PM

coach22 wrote: »

I live in rented accommodation so House Insurance isn't an option for me.

The more I think about it I think its time for n+1 for me.

Don't want to risk the good carbon bike this year so I'm on the lookout for an aluminium racer now!

fbd do contents only insurance, including bike cover. I added cargo bike to mine as it's 3k i don't really want to have to pay out to replace if worst comes to worst. includes theft or damage anywhere, not just in the home.

godtabh · 08-01-2016 12:46PM

coach22 wrote: »

I live in rented accommodation so House Insurance isn't an option for me.

The more I think about it I think its time for n+1 for me.

Don't want to risk the good carbon bike this year so I'm on the lookout for an aluminium racer now!

Not bike related but as a renter you should still have house insurance. Its just for your contents. Probably costs less than €100 (not including the bike).

coach22 · 08-01-2016 03:24PM

kenmc wrote: »

fbd do contents only insurance, including bike cover. I added cargo bike to mine as it's 3k i don't really want to have to pay out to replace if worst comes to worst. includes theft or damage anywhere, not just in the home.

Cheers I'll look in to this so. Would be great if they would cover the racing aspect

Edit. Rang FBD there and they wouldn't offer me contents insurance as I have been living in the apartment for 1 year and not taken it out already! I hate insurance companies!

Macy0161 · 08-01-2016 04:00PM

Can I just ask whether the bike claims people have made on their house insurance affected their premium?

When I looked into putting a phone on, whilst it was much cheaper than specific insurance, the effect on premium/ loss of no claims was much more than specific insurance (actually nearer the actual value of the phone!) should I have had to claim. I know a bike would be higher value, but still may negate some of the saving.

Only took out cyclesure in November, so good to read I am still covered anyway!

nilhg · 08-01-2016 06:09PM

Macy0161 wrote: »

Can I just ask whether the bike claims people have made on their house insurance affected their premium?

When I looked into putting a phone on, whilst it was much cheaper than specific insurance, the effect on premium/ loss of no claims was much more than specific insurance (actually nearer the actual value of the phone!) should I have had to claim. I know a bike would be higher value, but still may negate some of the saving.

Only took out cyclesure in November, so good to read I am still covered anyway!

I'll tell you next March.....

I've all my insurance with FBD, house, farm, car, van and all the farm machinery so in the greater scheme of things the claim would be relatively small, I doubt it'll have a huge effect on my premium. I had a claim a few years ago for a laptop which was stolen in a breakin at my house, I don't think it made any real difference to the premium at next renewal.

Qualitymark · 10-01-2016 02:19PM

I wonder would The Big Switch do a mass insurance seek for bikes (against theft and vandalism, rather than racing.)

aFlabbyPanda · 10-01-2016 02:56PM

I claimed for my bike on the house insurance and the premium almost doubled. Now I have the bike insured with bicycleinsurance.ie

wirelessdude01 · 10-01-2016 05:12PM

TopSideControl wrote:

I claimed for my bike on the house insurance and the premium almost doubled. Now I have the bike insured with bicycleinsurance.ie

Do they cover racing accidents?

Inquitus · 10-01-2016 05:47PM

wirelessdude01 wrote: »

Do they cover racing accidents?

It seems they cover all accident damage, there is no mention of racing or competition as an exclusion in the policy doc. I put in a 3k bike price and it came in at 250 a year, they only insure bikes bought in 2014/15/16.

aFlabbyPanda · 10-01-2016 10:32PM

wirelessdude01 wrote: »

Do they cover racing accidents?

no idea since I don't race.

Welshkev · 12-02-2016 10:44AM

Has anybody found any specific cover for racing? Don't want to go through the hassle of changing house insurance etc. - would just like specific insurance to cover me whilst racing just like Cyclesure did.

Cheers

Welshkev · 12-02-2016 10:44AM

Has anybody found any specific cover for racing? Don't want to go through the hassle of changing house insurance etc. - would just like specific insurance to cover me whilst racing just like Cyclesure did.

Cheers

bbolger · 25-02-2016 11:50AM

Got my ButterWorthSpengler email this morn... will switch to http://bicycleinsurance.ie so.
Nice they have a monthly payment option.

Inquitus wrote: »

It seems they cover all accident damage, there is no mention of racing or competition as an exclusion in the policy doc. I put in a 3k bike price and it came in at 250 a year, they only insure bikes bought in 2014/15/16.

I also like that they have a Sonic Boom clause in terms of what they won't cover...:)

Don't go too fast!

Alek · 25-02-2016 12:23PM

Is that only for 0-3 year old bicycles?

Leroy42 · 25-02-2016 12:28PM

Is racing not covered by CI insurance?

bbolger · 25-02-2016 12:42PM

Leroy42 wrote: »

Is racing not covered by CI insurance?

It doesn't cover damage to your bike.

Derrydingle · 25-02-2016 12:47PM

So is there no one who covers bike damage in a race anymore?

Leroy42 · 25-02-2016 12:54PM

bbolger wrote: »

It doesn't cover damage to your bike.

Right, so just medical expenses then. Thanks, I wasn't sure of that

Cyclesure.ie Gone any alternatives?

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