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Bike on house insurance

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  • 13-09-2010 11:28am
    #1
    HardyEustace
    Registered Users Posts: 1,462 ✭✭✭


    Guys, just want to make people aware of this.

    I renewed my house insurance with fbd. I'd a few questions to ask them one of which included my bike. It's worth about 800euros and kept in my shed. The person I was dealing with went away and checked that it would be insured and when they came back they said that it couldn't be included on the house insurance as it was considered professional as I took it to races.

    Has anyone ever heard anything like this?

    What insurance do people use for their bikes?

    Thanks


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    #2
    grizzly
    Registered Users Posts: 2,789 ✭✭✭grizzly


    Last month I saw a new specialist Irish cycling insurance company posted on the cycling forum. I'll dig out a link for it in a bit.


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    #3
    hunnymonster
    Registered Users Posts: 5,365 ✭✭✭hunnymonster


    all our bikes and boats are on our AIB home insurance. We needed to name all the items valued over €1000 and there is a small premium per item over the amount.


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    #4
    HardyEustace
    Registered Users Posts: 1,462 ✭✭✭HardyEustace


    hunnymonster wrote: »
    all our bikes and boats are on our AIB home insurance. We needed to name all the items valued over €1000 and there is a small premium per item over the amount.

    See, I think the problem is when I said that I brought the bike to races. I'd suspect that a lot of people will be the same.


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    #5
    BeepBeep67
    Registered Users Posts: 8,080 ✭✭✭BeepBeep67


    Mines worth 2k and it's included in the household insurance at no extra cost (but only if taken from the house) - paid an additional small premium to have it insured while outside the house also.


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    #6
    RacoonQueen
    Moderators, Sports Moderators Posts: 20,364 Mod ✭✭✭✭RacoonQueen


    I think this is just the case with FBD, my bike was insured when I ha insurance with Hibernian when I moved to FBD they said it wouldn't be insured.


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    #7
    onimpulse
    Registered Users Posts: 350 ✭✭onimpulse


    My Home Insurance (RSA) won't cover you while racing or training... but it will cover it if it's taken from the shed for example... There is a policy you can get through either Cycling Ireland or Triathlon Ireland which will cover it if damaged racing / training.


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    #8
    HardyEustace
    Registered Users Posts: 1,462 ✭✭✭HardyEustace


    Checked Triathlon Ireland website and it costs 115euro to insure bike which is f*cking ridiculous.

    Feeling very cross about this whole. Honest to Christ, steer clear of fbd.


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    #9
    shg101
    Registered Users Posts: 155 ✭✭shg101


    HardyEustace wrote: »
    Guys, just want to make people aware of this.

    I renewed my house insurance with fbd. I'd a few questions to ask them one of which included my bike. It's worth about 800euros and kept in my shed. The person I was dealing with went away and checked that it would be insured and when they came back they said that it couldn't be included on the house insurance as it was considered professional as I took it to races.

    Has anyone ever heard anything like this?

    What insurance do people use for their bikes?

    Thanks


    Cancel immediately, tell them why, then sign up with someone else


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    #10
    HardyEustace
    Registered Users Posts: 1,462 ✭✭✭HardyEustace


    shg101 wrote: »
    Cancel immediately, tell them why, then sign up with someone else

    In process of doing that. Have already spoken to insurance ombudsman but there's no joy.


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    #11
    huskerdu
    Registered Users Posts: 1,931 ✭✭✭huskerdu


    Our insurance policy only covers bikes if taken from the house or garden.
    This is standard. The bikes can be added as a specific named all-risk item with
    an extra premium. Again, AFAIK, this is standard. It is certainly the case for everyine I know that has insured their bike.

    The last time I priced it, a few years ago, the premium was about 8-10% of the value of the bike.

    Have you asked how much it would be to insure an €800 bike, which was for recreational use only. It would be interesiting to know how much extra they charge for a "professional" bike.

    I know the OP is cross at FBD, but I haven;t seen any evidence that they are acting any differently than the rest of the insurance industry.


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    #12
    HardyEustace
    Registered Users Posts: 1,462 ✭✭✭HardyEustace


    huskerdu, sorry I didn't explain myself properly.

    I wouldn't expect the bike to be covered away from the house.

    Fbd are refusing to cover the bike when it's actually at the house.

    Apparently going to a few races a year make it a "professional" use bike (not enough f'ing rolly eyes) so they're refusing to cover it at all on the house insurance.


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    #13
    Cabaal
    Moderators, Technology & Internet Moderators, Regional South East Moderators Posts: 28,468 Mod ✭✭✭✭Cabaal


    grizzly wrote: »
    Last month I saw a new specialist Irish cycling insurance company posted on the cycling forum. I'll dig out a link for it in a bit.

    Was it this?
    http://www.cyclesure.ie/

    covers pro and normal users


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    #14
    megamonsterboy
    Registered Users Posts: 30 ✭megamonsterboy


    I was on to AIB yesterday about adding a bike to the house insurance, they will insure bikes to the value of €2000. they will not pay a claim for €2000 if the bike is worth more. Mine is 2299 so I had to get a seperate policy :(


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    #15
    ecoli
    Closed Accounts Posts: 10,762 ✭✭✭✭ecoli


    Mod: This sort of vile talk is banished to the darkside (Triathlon/Duathlon/ Adverture Racing)


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    #16
    fletch
    Registered Users Posts: 7,388 ✭✭✭fletch


    Mine cost an additional €10 a yr to add to my Aviva home insurance policy (bike valued @ €1000)


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    #17
    silver campaign
    Registered Users Posts: 363 ✭✭silver campaign


    I think i'm with 123.ie. 4 bikes in the house, cost to replace them like for like with new would be about €500, €1000, €1350 and €2500.

    They won't insure them if they are being used for competition. I think thats fair enough, why should they replace a bike that I wrote off while racing?

    Also, insurance excess on replacement bikes was about €500. Thats more than 3 of them or currently worth in their second hand state, so all in all the insurance was not worth going for.


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