Insurance again (but a bit different)

Big Jon said:

Reading some of the other threads about insurance for bikes started me
thinking. I have got a £3000 bike and it would appear that a general
household policy is not going to cover it. I currently do not have it
insured.

M&S cover up to £4000 with no further paperwork, various cover items of
considerably above "normal" worth with the simple caveat of naming them
specifically, which may or may not incur further expense, depending on
who it is, whether there's a 'p' in the month etc.

Quoted message said:

Does anyone know if there is a high value cycle policy for just the
small risk of the bike being stolen from the locked garage rather than
paying a massive premium to cover the relatively high risk of it being
stolen away from home?

As above, M&S do both for no extra charge, though some have found their
basic cover quite expensive. Roos & I, OTOH, found it was very
competitive so we were happy to take it.

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/

"Big Jon" <[email hidden]> wrote in message
news:[email hidden]...

Quoted message said:

Reading some of the other threads about insurance for bikes started me

thinking. I have got a £3000 bike and it would appear that a general
household policy is not going to cover it. I currently do not have it
insured.

Quoted message said:

On the other hand, I only use the bike for leisure rides at weekends

(rarely get off the bike, let alone leave it parked anywhere) or an
occasional commute to work (I bring it in to my office so again, not
out of sight).

Quoted message said:

So, when the bike is out, it is never really out of my sight and when

the bike is at home it is locked in a garage meaning risk is relatively
low and certainly not worth paying hundreds for insurance.

Quoted message said:

Does anyone know if there is a high value cycle policy for just the

small risk of the bike being stolen from the locked garage rather than
paying a massive premium to cover the relatively high risk of it being
stolen away from home?

Most home policies allow you to insure individual high value items for theft
from the home. I did that with my computer..etc.

"Big Jon" <[email hidden]> wrote in message
news:[email hidden]...

Quoted message said:

Does anyone know if there is a high value cycle policy for just the
small risk of the bike being stolen from the locked garage rather than
paying a massive premium to cover the relatively high risk of it being
stolen away from home?

You might already be covered - same as if somebody stole your expensive
telly. Worth checking with your insurer.

cheers,
clive

Peter Clinch said:

Big Jon said:

Reading some of the other threads about insurance for bikes started me
thinking. I have got a £3000 bike and it would appear that a general
household policy is not going to cover it. I currently do not have it
insured.

M&S cover up to £4000 with no further paperwork, various cover items of
considerably above "normal" worth with the simple caveat of naming them
specifically, which may or may not incur further expense, depending on
who it is, whether there's a 'p' in the month etc.

I think I saw that Nationwide have got rid of the limit on the value of
the bike as well. Not that I would know because my bike isn't worth
that much.

--
Andy Leighton => [email hidden]
"The Lord is my shepherd, but we still lost the sheep dog trials"
- Robert Rankin, _They Came And Ate Us_

Big Jon said:

Reading some of the other threads about insurance for bikes started me
thinking. I have got a £3000 bike and it would appear that a general
household policy is not going to cover it. I currently do not have it
insured.

On the other hand, I only use the bike for leisure rides at weekends
(rarely get off the bike, let alone leave it parked anywhere) or an
occasional commute to work (I bring it in to my office so again, not
out of sight).

So, when the bike is out, it is never really out of my sight and when
the bike is at home it is locked in a garage meaning risk is relatively
low and certainly not worth paying hundreds for insurance.

Does anyone know if there is a high value cycle policy for just the
small risk of the bike being stolen from the locked garage rather than
paying a massive premium to cover the relatively high risk of it being
stolen away from home?

/Me and some really big mates like the sound of your bike and we'd like
to know where you ride it so we can come along and, er, watch./

More seriously,
Lots of companies make insurance conditional on the bike being locked to
something immovable. Does anyone know what the policy is on paying if
you're mugged for your bike?

Big Jon said:

Does anyone know if there is a high value cycle policy for just the
small risk of the bike being stolen from the locked garage rather than
paying a massive premium to cover the relatively high risk of it being
stolen away from home?

My b&c insurance has a relatively modest limit for bikes out and about
(1k gbp), but a much higher limit for bikes taken from a locked
outbuilding (5k gbp). This comes about because the bicycles clause
only applies to when they are out - when they are in a locked
outbuilding, they are not bicycles, they are contents. If I were to
bring them into the house itself, they get 50k cover. My insurance
company confirmed this understanding of their terms in writing, so it
shouldn't be wishful thinking.

Worth checking the smallprint to see if you actually have such cover
already?

regards, Ian SMith
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Ian Smith said:

Big Jon said:

Does anyone know if there is a high value cycle policy for just the
small risk of the bike being stolen from the locked garage rather than
paying a massive premium to cover the relatively high risk of it being
stolen away from home?

My b&c insurance has a relatively modest limit for bikes out and about
(1k gbp), but a much higher limit for bikes taken from a locked
outbuilding (5k gbp). This comes about because the bicycles clause
only applies to when they are out - when they are in a locked
outbuilding, they are not bicycles, they are contents. If I were to
bring them into the house itself, they get 50k cover. My insurance
company confirmed this understanding of their terms in writing, so it
shouldn't be wishful thinking.

Worth checking the smallprint to see if you actually have such cover
already?

regards, Ian SMith
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Thanks, that makes sense. I will check the policy.

Jon.