Find answers, ask questions, and connect with our
community around the world.

Forums Forums Mountain Biking Bike Insurance – All Confused

  • Bike Insurance – All Confused

     silky666 updated 3 years, 6 months ago 3 Members · 4 Posts
  • silky666

    28 December 2016 at 6:36 pm

    Hi. Sorry of this is in the wrong section, I did look about but couldn’t find a suitable place to post. So feel free to move if needed admin 🙂

    I have recently bought a rather expensive mountain bike. Always owned good bikes… but this one is a little bit special. New it is approx. £7500 .. but I got it second hand for £1000.

    The issue I have is that when insuring the company’s all want to insure ‘new for old’. eg: I have to enter the new cost , which immediately generates a quote that is higher than my motorcycle or car.

    But if it gets stolen I DONT want a new bike.. I simply want to buy a second hand one of the same spec for around £2000.

    So what I need is a ‘market value’ insurance policy.

    Does anyone have any experience with insurance or similar issues ?

    Thanks in advance,


  • Gunner

    28 December 2016 at 7:38 pm

    Either add it to your home insurance policy as a “specified item” with a max value of £1000, or go to a cycle shop and get them to produce a receipt for you for £1000 for a fictional cycle, you will need to pay them a small fee, I paid £20 a few years ago and use that. Then if your bike gets stolen you just submit the receipt for the fictional bike to get your £1000, obviously if your bike does go missing then you can’t report it as stolen………………….

  • Doomanic

    28 December 2016 at 9:22 pm

    How did you manage to buy a £7.5k bike for a grand? 😯

  • silky666

    29 December 2016 at 1:08 pm

    How did you manage to buy a £7.5k bike for a grand? 😯

    Got a rich mate that buys the very best .. gets bored .. sees something new … then decides to sell the old thing to me at mates rates 🙂 A very handy friend to have 🙂

    Bike is a 2012 SWorks Carbon FSR Stumpjumper – with additional Mavic SLR tubeless wheels and assorted extra bits.

    New I think it was around £7500.

    Regularly serviced by dealer and Fox.

Viewing 1 - 4 of 4 posts
Original Post
0 of 0 posts June 2018

New Report