Newbie Insurance question

[Capn_Phil68]

Hi All,

been lurking for a couple of days and just joined.

Seems a great forum with knowledgeable people who are always ready to offer help .

So going to buy a ebike as just given up working in the building trade, and massive 4x4, to pursue a more rewarding endevour.

My last three normal bikes have been stolen and if this trend continues then I feel it is best to sort out some insurance so......... any feedback/ links will be gratefully received.

TIA

Phil

 

[Ian]

Hi Phil,

Personally I don't bother with insurance, prefering to rely on heavy locks and an alarm. Cycleguard who advertise in this forum on the right are a bicycle insurer but the premiums are rather high. Some members have found they can arange cover on their houshold insurance at minimum cost which is probably the best option if available.

 

[Tiberius]

My household insurance covers bikes up to a certain value. The electric bike is over that value so I had to pay an extra £30 or so to add it.

Nick

 

[4beeches0]

Have covered my eZee Liv on my household insurance, the main proviso being that when left it must be locked securely to an immovable object with padlock and chain. My local supermarket has concreted in bicycle racks which are ideal for my trips into town.

 

[Capn_Phil68]

Thanks for the replies guys...good info and will checkit out with my insurers.

Hmmm bike alarms. Sounds a good option. Off to ebay to check them out.

Thanks

Phil

 

[jimmyengland1000]

Two days ago I arranged £1200 worth of cover for my e-bike through my house insurance. The bike is covered at home in my shed and also when out and about, with the one proviso that it has to be locked up when left unattended. The cover added £32 to my premium.

I use a cable lock to secure my bike and have never had one stolen but, even so, if you're paying out a lot of money for a bike, I can't see why anyone would recommend not insuring it when the premium increase is so low. £32 for a possible loss of £1200 is pretty good, I'd say.

 

[alex]

Insurance

I recently did alot of shopping around for house & contents insurance after my old insurer upped their renewal premium by a huge amount for no good reason, they had asked 40 pounds to cover my 750 pound electric bike. Many of the other companies who quoted had a limit of 500 pounds on the pedal cycles they would cover, others specifically exclude motorised cycles. Eventually I went with Churchill who were alot cheaper than my old insurer & asked about 15 pounds to cover the bike. I don't think I would have bothered to include the bike on the policy if I had to pay 40 pounds, better to buy a serious lock & cover the saddle & battery with a tatty plastic bag when parked to hide the fact that it is electric from casual observers.

 

[Capn_Phil68]

Hi All,

Many thanks for the advice.

Taken it onboard and decided to go with a separate policy £30 and joining ctc for free personal cover.

My contents policy had so many clauses in it that I simply felt a need for a clear concise solution.

Got a On-Guard Bullguard D-lock and chain on the way + two cable locks + alarm stickers (visual deterent) and an alarm. Hells teeth if the scallies get thru that defence they can have the bike!!!! without the battery and charger of course.

Phil

 

[Steveu]

insurance

i checked with my insurer yesterday and was pleasantly surprised to find there was no limit on my bike cover (or excess). This may be because I have a fairly high level of insurance (to cover a variety smallholding type paraphanalia) - my annual 'contents' premium is around £500 - but if others have insurance premiums of this level it maybe worth looking at some of the insurers who specialise in this end of the market (rather than your bog standard firms (who tend to have even more small print). I'm even covered for the risk of getting a hole in one (for the drinks round) - even though I don't play golf!

Steve