Bike insurance

In article <[email hidden]>,

Just zis Guy said:

To resurrect yet another perennial subject, I just got my bike
insurance renewal through from CTC. It is much more expensive than I
remember last year's being, but my household policy (currently with a
part of the Norwich Union group, I'm told by my broker) won't touch
any bike over £600. So I either pay CTC £260 to insure about £6,500
worth of bikes, or I split them between the policies. Which is a
faff.

Why not move your house insurance to one that _will_ cover bikes over
600 quid? For example, LloydsTSB (ours is a staff policy, but I don't
have the slightest reason to believe that that makes any difference
other than price). They didn't blink an eye over a two grand bike,
modulo wanting to have a valuation on file.

I suspect that the terms and conditions over things like locks will be a
great deal more relaxed when talking about the all-risks extension on
your house and contents than a specialist bike policy, because in
general people who have house and contents policies are a better risk
than people living in shared and/or rented accomodation (fewer keys to
the premises, for example). Certainly mine makes no more requirement on
me than the ``reasonable care'' of the rest of the policy.

ian

Just zis Guy said:

To resurrect yet another perennial subject, I just got my bike
insurance renewal through from CTC. It is much more expensive than I
remember last year's being, but my household policy (currently with a
part of the Norwich Union group, I'm told by my broker) won't touch
any bike over =A3600. So I either pay CTC =A3260 to insure about =A36,=

500

Quoted message said:

worth of bikes, or I split them between the policies. Which is a
faff.

Nuisance, isn't it? We ended up using CTC and it came in at quite a=20
chunk(IIRC =A3350) for the year IIRC, which was frankly a bit silly but w=
e=20
were running out of time and patience for alternatives.

What we did find was BoS/Halifax seemed to cover the bikes fairly well=20
on household contents if you paid a reasonably reasonable supplmenet, as =

well as generally a pretty good deal all round. Unfortunately having a=20
tenant at the mo threw a major spanner in the works with them, but we'll =

quite possibly move over to them next year when she's gone.

I was a bit underwhelmed with the CTC's offer, to be honest. Quite why=20
only tandems get discounts I don't understand. Apparently they used to=20
discount 'bents and trikes too, but on the somewhat baffling grounds=20
that they were insuring far more tandems the other class discounts have=20
been dropped. So as it is my 8 Freight, which sticks out like a sore=20
thumb with additional neon *HEY, OVER HERE!* notices attached, doesn't=20
get ridden at great speed or over awkward ground and doesn't look like=20
an obvious joyrider's treat, costs the same to insure as a pretty decent =

hardtail MTB from a Big Name. Preposterous, and not really quite what I =

expected from people who ought to Know About Bikes :-(

Pete.
--=20
Peter Clinch Medical Physics IT Officer
Tel 44 1382 660111 ext. 33637 Univ. of Dundee, Ninewells Hospital
Fax 44 1382 640177 Dundee DD1 9SY Scotland UK
net [email hidden] http://www.dundee.ac.uk/~pjclinch/

On Mon, 28 Jun 2004 15:03:37 +0000 (UTC), Ian G Batten
<[email hidden]> wrote in message
<[email hidden]>:

Quoted message said:

Why not move your house insurance to one that _will_ cover bikes over
600 quid?

Because our household policy, which we've had for several years, is a
homeworker policy primarily designed to cover "tools of the trade" -
in our case computers, books and musical instruments, not bikes. I've
asked the brokers to look at alternatives when it comes up for
renewal.

Guy
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88% of helmet statistics are made up, 65% of them at Washington University

On Mon, 28 Jun 2004 16:17:22 +0100, Peter Clinch
<[email hidden]> wrote in message
<[email hidden]>:

Quoted message said:

my 8 Freight, which sticks out like a sore
thumb with additional neon *HEY, OVER HERE!* notices attached, doesn't
get ridden at great speed or over awkward ground and doesn't look like
an obvious joyrider's treat, costs the same to insure as a pretty decent
hardtail MTB from a Big Name. Preposterous, and not really quite what I
expected from people who ought to Know About Bikes :-(

I can hear you writing that letter to Cotterell House right now ;-)

Guy
--
May contain traces of irony. Contents liable to settle after posting.
http://www.chapmancentral.co.uk

88% of helmet statistics are made up, 65% of them at Washington University

Just zis Guy said:

To resurrect yet another perennial subject, I just got my bike
insurance renewal through from CTC. It is much more expensive than I
remember last year's being, but my household policy (currently with a
part of the Norwich Union group, I'm told by my broker) won't touch
any bike over £600. So I either pay CTC £260 to insure about £6,500
worth of bikes, or I split them between the policies.

Flippin' 'eck. We don't spend a great deal on bikes (we
have 4, but the only two I'm interested in insuring were
my new Specialized hybrid, and SWMBO's Raleigh MTB),
so about £600 to replace both. An order of magnitude
less than your bikes, but Direct Line charged me £15.75
to insure both for the year on top of our household
insurance.

Not exactly a linear scale, is it?

--
jc

Remove the -not from email

Jeremy Collins said:

Flippin' 'eck. We don't spend a great deal on bikes (we
have 4, but the only two I'm interested in insuring were
my new Specialized hybrid, and SWMBO's Raleigh MTB),
so about £600 to replace both. An order of magnitude
less than your bikes, but Direct Line charged me £15.75
to insure both for the year on top of our household
insurance.

Direct Line doesn't want to insure bikes over £1500.
And they don't insure 'new for old', they deduct an amount for wear and
tear.

They are however much more sensible about our tenant, just adding a clause
that we're not insured if she robs or demolishes the place.

Roos

you know? said:

To resurrect yet another perennial subject, I just got my bike
insurance renewal through from CTC. It is much more expensive than I
remember last year's being, but my household policy (currently with a
part of the Norwich Union group, I'm told by my broker) won't touch
any bike over £600. So I either pay CTC £260 to insure about £6,500
worth of bikes, or I split them between the policies. Which is a
faff.

The real nuisance here is that this is the only bit of insurance which
doesn't go through our brokers. Normally they do all the legwork for
me. However, since I've been given a sick note and told I have 'flu
(not bloke-flu, the real thing) I suppose I have nothing better to do
with my afternoon...

Attaching bikes to your home contents' insurance is cheaper because
all those people who keep their expensive MTBs securely in their
lofts, and never use them, subsidise the likes of us who regularly use
our bikes and occasionally have the locks cut and bike stolen while
they've been left outside the library.

Just zis Guy said:

To resurrect yet another perennial subject, I just got my bike
insurance renewal through from CTC. It is much more expensive than I
remember last year's being, but my household policy (currently with a
part of the Norwich Union group, I'm told by my broker) won't touch
any bike over £600. So I either pay CTC £260 to insure about £6,500
worth of bikes, or I split them between the policies. Which is a
faff.

The real nuisance here is that this is the only bit of insurance which
doesn't go through our brokers. Normally they do all the legwork for
me. However, since I've been given a sick note and told I have 'flu
(not bloke-flu, the real thing) I suppose I have nothing better to do
with my afternoon...

I've given up on bike insurance. They're covered at home, locked with a
Kryptonite New York 3000 at work and otherwise they're never out of sight.

On Mon, 28 Jun 2004 18:19:40 +0100, in <40e054ab.0@entanet>, Zog The

Undeniable said:

I've given up on bike insurance. They're covered at home, locked with a
Kryptonite New York 3000 at work and otherwise they're never out of sight.

The only bike I've ever had stolen was taken from me whilst I was
sitting on it! [1] Are you insured for this on your household policy?

[1] Technically I was actually lying in the road when it was taken.

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Just zis Guy said:

To resurrect yet another perennial subject, I just got my bike
insurance renewal through from CTC. It is much more expensive than I
remember last year's being, but my household policy (currently with a
part of the Norwich Union group, I'm told by my broker) won't touch
any bike over £600. So I either pay CTC £260 to insure about £6,500
worth of bikes, or I split them between the policies. Which is a
faff.

The real nuisance here is that this is the only bit of insurance which
doesn't go through our brokers. Normally they do all the legwork for
me. However, since I've been given a sick note and told I have 'flu
(not bloke-flu, the real thing) I suppose I have nothing better to do
with my afternoon...

Guy

I've said it before and I'll say it again, go to the insurance broker in the
back of the CTC magazine. They sorted out a household policy with a major
insurer with all the bikes for a tiny fraction of what the CTC wanted to
charge.

Tony

In news:[email hidden],
Ian G Batten <[email hidden]> typed:

Quoted message said:

In article <[email hidden]>,

Just zis Guy said:

To resurrect yet another perennial subject, I just got my bike
insurance renewal through from CTC. It is much more expensive than I
remember last year's being, but my household policy (currently with a
part of the Norwich Union group, I'm told by my broker) won't touch
any bike over 600. So I either pay CTC 260 to insure about 6,500
worth of bikes, or I split them between the policies. Which is a
faff.

Why not move your house insurance to one that _will_ cover bikes over
600 quid? For example, LloydsTSB (ours is a staff policy, but I don't
have the slightest reason to believe that that makes any difference
other than price). They didn't blink an eye over a two grand bike,
modulo wanting to have a valuation on file.

When LloydsTSB was trying to sell me one in 2001, they didn't cover bikes
over 600 quid, but it was up to me to point out that he was trying to sell
me a policy that wouldn't cover either of my bikes.

A

In article <[email hidden]>,

Ambrose Nankivell said:

When LloydsTSB was trying to sell me one in 2001, they didn't cover bikes
over 600 quid, but it was up to me to point out that he was trying to sell
me a policy that wouldn't cover either of my bikes.

They have to be specified items on the all risks components. I assumed
that no-one would (a) mind listing their bikes and (b) want insurance
that didn't operate outside their boundary.

ian

Roos Eisma said:

Direct Line doesn't want to insure bikes over £1500.
And they don't insure 'new for old', they deduct an amount for wear and
tear.

Makes sense; I think that's about their limit for single
items on the household insurance. They didn't mention
wear and tear deductions, though, I'll have to clairfy
that. If it's a sensible percentage then I won't mind,
seeing as the cover was so reasonable.

--
jc

Remove the -not from email

Zog The Undeniable said:

I've given up on bike insurance. They're covered at home, locked with a
Kryptonite New York 3000 at work and otherwise they're never out of sight.

Belt 'n' braces for me. I've got my favourite bike insured,
which is (almost) never out of sight. I use an old MTB for
trips into town if it's going to be "parked" for a while.

--
jc

Remove the -not from email

"Just zis Guy, you know?" <[email hidden]> wrote in message news:<[email hidden]>...

Quoted message said:

To resurrect yet another perennial subject, I just got my bike
insurance renewal through from CTC. It is much more expensive than I
remember last year's being, but my household policy (currently with a
part of the Norwich Union group, I'm told by my broker) won't touch
any bike over £600. So I either pay CTC £260 to insure about £6,500
worth of bikes, or I split them between the policies. Which is a
faff.

Guy

We just moved to the AA - they treat bikes as personal possesions.
Their basic cover means all bikes under £500 are included. If contents
insured for £40k, then all bikes under £1500 included and anything
over that just needs to be listed.

The advantage of bikes as personal possesions - five bikes insured at
no extra cost. I asked about adding the Speedmachine (£2,000) when it
arrives. We'll list it as a valuable now, they said, because it won't
cost anything more!

So over £4,000 of bikes insured for no extra cost. Yippee

PhilO

In news:[email hidden],
PhilO <[email hidden]> typed:

Quoted message said:

We just moved to the AA - they treat bikes as personal possesions.

Load of breadheads the lot of them.

<john lennon>
Imagine no possessions, it's easy if you try,...
</john lennon>

IGMC

a

Jeremy Collins said:

Roos Eisma said:

Direct Line doesn't want to insure bikes over £1500.
And they don't insure 'new for old', they deduct an amount for wear and
tear.

Isn't that what 'new for old' actually means?

AC

In article <[email hidden]>,

anonymous coward said:

Quoted message said:

Quoted message said:

And they don't insure 'new for old', they deduct an amount for wear and
tear.

Isn't that what 'new for old' actually means?

No.

ian

anonymous coward said:

Quoted message said:

Roos Eisma said:

And they don't insure 'new for old', they deduct an amount for wear and
tear.

Quoted message said:

Isn't that what 'new for old' actually means?

No, it means if I crash my fairly well used Streetmachine and write it
off they'll pay me the cost of a new bike of equivalent spec. Since the
Streetmachine is still in production, it would be a new Streetmachine
(but with the better Meks fork and Aheadset that's now standard) with
dynohub lighting and hydraulic brakes and full racks and mudguards, just
like my existing one.

Pete.
--
Peter Clinch Medical Physics IT Officer
Tel 44 1382 660111 ext. 33637 Univ. of Dundee, Ninewells Hospital
Fax 44 1382 640177 Dundee DD1 9SY Scotland UK
net [email hidden] http://www.dundee.ac.uk/~pjclinch/