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Thread: Insurance

  1. #1

    Insurance

    A few years ago I was struggling to find home insurance which would cover my bikes to their true replacement value. I discovered that many would only insure bikes up to 500 which would not cover the cost of my wheels!
    Eventually I chanced upon Marks & Spencer who covered them for 4000 each at no extra cost to my home insurance and at a reasonable premium.
    Unfortunately I had one bike stolen from on top of my car last year. M&S kindly paid out 4000 for a replacement but as you might expect my renewal premium went through the roof.
    I thought Id shop around for something cheaper. I was amazed to discover that not only would each company I tried not insure the bikes, they would not insure my house and contents at all!
    Why? Because the bikes are a high insurance risk and potentially I put my home at great risk because I have them on the premises thus inviting a break in. So even buying cheap home insurance together with specialist bike insurance from elsewhere is not an option.
    So how do others cope with owning expensive bikes? It seems that merely by owning them I become uninsurable!

  2. #2
    Senior Member Nad's Avatar
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    Aug 2009
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    The lakes
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    I have mine covered on my aa home insurance. Adding two bikes to the policy (3k and 2.5k) hardly put it up at all!
    Rides: canyon torque 9.0 vertride

  3. #3
    Super Moderator xendistar's Avatar
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    Sep 2009
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    Down South in Bournemouth
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    5,140
    I think Nogins problem is that when you go for a new\renewal insurance you have to say that you have claimed in the last X months. When we first moved to current house the duaghter had her bike stolen (appollo type) shortly after, when we went for next renewal the policy went up. I guess somebody will insure your house contents (without the bikes) but I guess it won't be cheap.
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