The cheapest way to insure against theft is to add cover for
your bike onto your household insurance. Most home insurers offer cycle cover and
their premiums usually cost less than a stand alone bike policy. The downside is
there may well be a limit on the value of the bike that you can insure – normally
£500 or less.
As well as some selected insurance companies, cycling organisations, like the CTC
and BCF also offer stand-alone policies.
Quotes differ, and we can’t provide any info here, but some numbers you might find
CTC: 0870 873 0067
BCF: 0161 230 2301
AUA Insurance: 0171 283 3311
Equine and Livestock: 07000 800800
Specialist insurers for Datatag users
Butterworths: 0151 427 3252
Datatag: 01482 222070
If you’ve any further insurance info,
|From BIKEmagic member: Patrick Gould|
Subject: Bike Insurance
Among other things, my firm used to be involved with home insurances. While we are
now no longer involved in this class of business I thought the following might be
If you own more than one bike it is probably best to insure with Norwich Union under
the Home Plus contract. All you have to do is insure yourself for the highest value
machine you own and every other bike in your ownership is automatically covered.
I would recommend that readers check it out themselves. I currently have a whole
range of bikes covered under my policy. As far as claims are concerned, they (cheerfully?)
paid out for a new Hed Disk wheel when I inadvertantly trashed a very old one. Several
of my friends have had accident damaged (custom)bikes replaced with little or no
hassle at all. One thing though, you must have cast iron proof of ownership, receipts,
photos etc especially if you have built the machine up yourself.
If you do follow this note up please check everything thoroughly with your broker
and if they claim not to know about it get them to check while you are there. If
they do not cycle they probably think that a £250 machine is the dogs nads
and that no one could ever own anything more expensive….this means they will not
have investigated this aspect of cover. Finally, no company is perfect and maybe
some people have had a bad time with NU but, from my experience claims have been
|From BIKEmagic member: Stephen Whiteley|
Re: Insurance quotes online
I can recommend Cycleguard http://www.cycleguard.co.uk You can get quotes for cover and make applications
from the Web Site. Claim went in for my new Heckler on the Thursday, had the check
the following Friday. Very quick, no excess – I just needed a written quote from
the store. Cost is normal (for specialist insurance) at £200 for £1800
worth of insurance.
|From BIKEmagic member: Marinboy|
My home contents insurance was with Eagle Star who wouldn’t cover my beloved Mt.Vision
as it’s value exceeded their £500 policy limit. However, they were recently
taken over by Zurich, who sent me a new policy booklet when the contents insurance
was due for renewal.The booklet was a bit vague regarding bike cover so I rang up
for a quote and was referred to an underwriter who agreed to insure it for £101.50
(this was on top of the contents insurance but still considerable less than the £178
the BCF would have charged – the bike being valued @ £2000). This is all risk
cover, the only other stipulation being use of a D lock when unattended.
However, when I rang back the following day to give them payment details etc, the
quote details weren’t on file. As I did not know the name of the clerk I had talked
to the previous day, or the name of the original underwriter, the matter had to be
referred to the underwriters again, who this time refused to insure the bike at any
Needless to say, I was not a happy chappy…but after much arguing, they finally
relented and agreed to the cover.
Moral? Be persistant, insurance policies appear to be flexible. Also, make note of
who you talk to but don’t tell Zurich I mentioned this to you!