Cyclesure.ie Gone any alternatives?

Welshkev · 25-02-2016 12:56PM

Derrydingle wrote: »

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

Bicycleinsurance.ie confirmed to me they cover racing

Delboy007 · 25-02-2016 01:04PM

But if you have a CI policy does this not cover damage to your bike in racing or club spin

Stevieg2009 · 25-02-2016 02:28PM

Delboy007 wrote: »

But if you have a CI policy does this not cover damage to your bike in racing or club spin

Don't think bikes are covered

Beasty · 25-02-2016 02:59PM

CI covers personal accident and public liability, not bike damage. There is some optional extra insurance you can get via CI but I'm not sure if that would cover damage to bikes when racing. Even if it does I would imagine premiums would be quite high given the risks involved.

mark11original · 26-02-2016 02:09PM

Only company I can find is bicycleinsurance.ie I have emailed several UK companies but they won't insure residents of Republic of Ireland

coach22 · 26-02-2016 04:28PM

Bicycle insurance. Ie won't cover the bike if it wasn't bought in the Republic either.

I bought my bike online from England and they won't cover it

mark11original · 26-02-2016 04:49PM

You need to ask your LBS if they would supply a receipt for it if you need to claim - that way you'll be sorted.

xebec · 26-02-2016 08:31PM

mark11original wrote: »

You need to ask your LBS if they would supply a receipt for it if you need to claim - that way you'll be sorted.

For a bike not bought there? Also known as insurance fraud...

Lusk_Doyle · 26-02-2016 08:53PM

coach22 wrote: »

Bicycle insurance. Ie won't cover the bike if it wasn't bought in the Republic either.

I bought my bike online from England and they won't cover it

Did they explain why? This makes no sense.

Lusk_Doyle · 26-02-2016 08:56PM

mark11original wrote: »

You need to ask your LBS if they would supply a receipt for it if you need to claim - that way you'll be sorted.

Original purchase receipts are not necessary for the purpose of a claim. It's the current replacement cost that matters. The post above re bikes bought out of the country smells like horse manure to me. I'd ring back and try again with someone else following that or else challenge it with the person on the phone. Strikes me as it's someone smart in the ins co trying to make a name internally by limiting the companies exposure.

coach22 · 26-02-2016 09:08PM

Didn't try argue on the phone because it is written in the terms and conditions. Don't think they will budge on this

Lusk_Doyle · 26-02-2016 09:16PM

coach22 wrote: »

Didn't try argue on the phone because it is written in the terms and conditions. Don't think they will budge on this

Can you give a link to this?

coach22 · 26-02-2016 09:52PM

You can view the policy document on their webiste: http://bicycleinsurance.ie/Pages/ViewDoc.aspx?ptype=p&did=17

Conditions and Limitations:

2. This insurance only covers bicycles bought and used in the Republic of Ireland. Cover is extended to include use of the bicycle anywhere in the world up
to a maximum of 60 days in total, in any single 12 month period, subject to any repairs being carried out in the Republic of Ireland by repairers approved
by us.

3. The bicycle must be less than 36 months old, in full working order and in your possession when the policy is started, and you must have a valid proof
of purchase which must include the make and model of the bicycle and any accessories, the price you paid, date of purchase and the address of the
supplier.

bbolger · 27-02-2016 01:09PM

coach22 wrote: »

You can view the policy document on their webiste: http://bicycleinsurance.ie/Pages/ViewDoc.aspx?ptype=p&did=17

Conditions and Limitations:

2. This insurance only covers bicycles bought and used in the Republic of Ireland. Cover is extended to include use of the bicycle anywhere in the world up
to a maximum of 60 days in total, in any single 12 month period, subject to any repairs being carried out in the Republic of Ireland by repairers approved
by us.

3. The bicycle must be less than 36 months old, in full working order and in your possession when the policy is started, and you must have a valid proof
of purchase which must include the make and model of the bicycle and any accessories, the price you paid, date of purchase and the address of the
supplier.

****e!

bbolger · 27-02-2016 01:12PM

So other that home insurers, which have limits on coverage or else don't cover at all (depending on your provider), there are no other options for covering a race bike bought online?

Lusk_Doyle · 27-02-2016 02:06PM

bbolger wrote: »

So other that home insurers, which have limits on coverage or else don't cover at all (depending on your provider), there are no other options for covering a race bike bought online?

I think that I saw an ad not too long ago for bike insurance (full cover incl racing) from a UK based insurer. Lizzie Deignan To Be was on the ad for them. I think that it mentioned cover in Ireland also. Given that so many UK based insurers, and in particular, the many LLoyds syndicates, insure properties in ireland from the UK, it would stand to reason that there is one for bikes also.

Cycleplan is the one.

Their policy has several areas for the territorial limits (Uk, Europe or Worldwide) and doesn't state that you have to be a resident in Uk. Could be worth a phone call to check that out.

Beasty · 27-02-2016 08:28PM

I suspect that condition that a covered bike must be purchased in Ireland contravenes EU law, and in particular the free movement of goods. Effectively they cannot penalise you for purchasing something in another EU state. Alas it would probably take a legal challenge to get them to change anything.

Lusk_Doyle · 27-02-2016 09:17PM

Beasty wrote: »

I suspect that condition that a covered bike must be purchased in Ireland contravenes EU law, and in particular the free movement of goods. Effectively they cannot penalise you for purchasing something in another EU state. Alas it would probably take a legal challenge to get them to change anything.

"I was in my house when I purchased the bike on the internet."

Ergo, it was purchased in Ireland!

Edit: The policy is non-specific in regard to the geographical location relating to either the seller or buyer. They would be at risk of losing out in arbitration due to that.

eeeee · 28-02-2016 07:15PM

What about insuring a race bike you bought second hand? Any insurance solution for that?

Beasty · 28-02-2016 08:18PM

You really need to weigh up the benefits against the cost of insurance, recognising insurance companies are looking to make a profit out of you

I've had one racing accident in 6 years of racing. Damage to the bike was minimal - probably not much more than a likely excess on any policy. I've had 2 other relatively serious accidents - serious in terms of injuries received, although there was minimal damage to the bike

Looking back through the thread I see it cost Inquitus €250 for €3k of cover. I've got a number of bikes most of which have a "new" replacement value of well in excess of €3k. In fact the 3 accidents I mention above involved 3 different bikes. If I had taken out the cover mentioned by Inquitus for each bike over each of those 6 years (and my track and TT bikes would not have then been covered), the total cost would have been €4,500, and I would not have made a single claim - that's funded an extra set of wheels for me:pac:

yop · 03-03-2016 03:05PM

Okay, so we are saying its not worth it then? Thats horsehsit about the bought in Ireland, but its there and the insurance won't cover it.

bbolger · 03-03-2016 04:18PM

Beasty wrote: »

You really need to weigh up the benefits against the cost of insurance, recognising insurance companies are looking to make a profit out of you

I've had one racing accident in 6 years of racing. Damage to the bike was minimal - probably not much more than a likely excess on any policy. I've had 2 other relatively serious accidents - serious in terms of injuries received, although there was minimal damage to the bike

Looking back through the thread I see it cost Inquitus €250 for €3k of cover. I've got a number of bikes most of which have a "new" replacement value of well in excess of €3k. In fact the 3 accidents I mention above involved 3 different bikes. If I had taken out the cover mentioned by Inquitus for each bike over each of those 6 years (and my track and TT bikes would not have then been covered), the total cost would have been €4,500, and I would not have made a single claim - that's funded an extra set of wheels for me:pac:

Sounds like you're covered by the N+1 insurance policy there ;-)

bbolger · 09-03-2016 01:46PM

Lusk_Doyle wrote: »

I think that I saw an ad not too long ago for bike insurance (full cover incl racing) from a UK based insurer. Lizzie Deignan To Be was on the ad for them. I think that it mentioned cover in Ireland also. Given that so many UK based insurers, and in particular, the many LLoyds syndicates, insure properties in ireland from the UK, it would stand to reason that there is one for bikes also.

Cycleplan is the one.

Their policy has several areas for the territorial limits (Uk, Europe or Worldwide) and doesn't state that you have to be a resident in Uk. Could be worth a phone call to check that out.

I phoned them to check and they only cover UK residents.
A shame as they have discounts at the moment and you can get €3K covered for around €15 a month.

bbolger · 09-03-2016 01:58PM

Phoned CI looking for info as they're aware CycleSure are pulling out of Ireland.
They said there should be an announcement within a few weeks (on the website too) with a new provider but didn't have details on who that was.

Their current info is here:
http://www.cyclingireland.ie/page/about/bike-insurance

bbolger · 18-03-2016 02:33PM

Lusk_Doyle wrote: »

"I was in my house when I purchased the bike on the internet."

Ergo, it was purchased in Ireland!

Edit: The policy is non-specific in regard to the geographical location relating to either the seller or buyer. They would be at risk of losing out in arbitration due to that.

Double-checked with http://bicycleinsurance.ie/ on this.
Even though I got my Canyon on the BTW scheme and Canyon are VAT registered in Ireland, they still won't cover it.

It must be sent from Ireland from an Irish VAT registered company if purchased online.

:rolleyes:

Alek · 18-03-2016 02:49PM

BX.

bbolger · 18-03-2016 02:51PM

Alek wrote: »

BX.

Completely agree, but that's their policy - which I'm sure they'd fall back on in the event of a claim.

Kaisr Sose · 18-03-2016 02:54PM

Lusk_Doyle wrote: »

Did they explain why? This makes no sense.

Most reasons given by insurance companies for declining cover make no sense!

Welshkev · 18-03-2016 03:26PM

bbolger wrote: »

Double-checked with http://bicycleinsurance.ie/ on this.
Even though I got my Canyon on the BTW scheme and Canyon are VAT registered in Ireland, they still won't cover it.

It must be sent from Ireland from an Irish VAT registered company if purchased online.

:rolleyes:

I queried them specifically about my Canyon and the fact it was bought online. They told me "We can insure bicycles bought and used within the Republic of Ireland (this can be online) as long as the bike is bought from new from a VAT registered supplier within the last 36 months".
I took this as them confirming my Canyon bike was covered.

bbolger · 18-03-2016 04:44PM

Welshkev wrote: »

I queried them specifically about my Canyon and the fact it was bought online. They told me "We can insure bicycles bought and used within the Republic of Ireland (this can be online) as long as the bike is bought from new from a VAT registered supplier within the last 36 months".
I took this as them confirming my Canyon bike was covered.

They kept harping on about:

last 36 months
bought in Ireland
VAT registered

I looked for clarification on bought in Ireland and they stated it must be sent from Ireland if bought online which is just silly.

When I challenged them they just reverted back to regurgitating the 3 items above again...

Cyclesure.ie Gone any alternatives?

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