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  • insurance help?

     hugo15 updated 11 years, 6 months ago 4 Members · 4 Posts
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  • dixiegirl

    Member
    19 July 2009 at 6:48 am

    hi as we now as 1 (soon to be 2 fs) and 2 hardtails as well as sons bike, i realised that our house insurance prob did not cover them all. checked into it they don’t £2500 max for all of the bikes combined 😥 also do not give me the option to buy extra cover.

    i have been looking through some old threads and found people recommend m&s however on looking theirs is a max of £4000 and combined our bikes are worth more than this – can’t actually believe that, i still have a house that is half finished but more than 4k worth of bikes sitting in shed – where are my priorities 😉 to think when my hubby first bought his hardrock 4 yrs ago i could not belive he was spending £350 on a bike!!

    anyway i digress…can anyone recommend a good insurance company that would cover us? i have looked at some specialist insurance companies (ie for the bikes only) but think that will work out expensive so would prob like someone who we can add to home contents insurance. i have seen E&L advertised – i am not sure if these are the same people who do horse insurance? if so they do not have a good reputation in the horsey world!

    any help appreciated jules

  • tomlevell

    Member
    19 July 2009 at 7:47 am

    That’s not how I read the MandS info.

    Page 3

    http://money.marksandspencer.com/pdf/HIPolicySummary.pdf

    Bikes are not sets or collections so they are covered up to £4000 each. It may be worth confirming this but stamp collecting is a collection. A bunch of classic bikes is a collection.

    Couple of issues though. Get the Premier cover as it includes bikes away from home (not in or on a car though as it’s not an imovable object) and I think a single total claim is limited to £40k so if you have a total loss you could lose out.

    Oh and at renewal do another online quote with them and cancel your renewal and take it out again as I’ve just had ours through and I can knock £80 off it doing that.

  • bry5

    Member
    19 July 2009 at 8:00 am

    i still have a house that is half finished but more than 4k worth of bikes sitting in shed – where are my priorities

    I hope you have some immediate security set up, ground anchor, sturdy chain and lock.

    While a professional thief will get through most forms of security, its the chav’s and the would be thiefs you want to put off.

    You can also pick up some reasonably cheap one off motion sensor alarms that you can attach to the chain or bike so if somebody does atemp to break in, there wil be some audiable alarm.

    You can not go without insurance, but I would make it as hard as possible for the thief first.

  • hugo15

    Member
    24 July 2009 at 6:59 pm

    That’s not how I read the MandS info.

    Page 3

    http://money.marksandspencer.com/pdf/HIPolicySummary.pdf

    Bikes are not sets or collections so they are covered up to £4000 each. It may be worth confirming this but stamp collecting is a collection. A bunch of classic bikes is a collection.

    Couple of issues though. Get the Premier cover as it includes bikes away from home (not in or on a car though as it’s not an imovable object) and I think a single total claim is limited to £40k so if you have a total loss you could lose out.

    Oh and at renewal do another online quote with them and cancel your renewal and take it out again as I’ve just had ours through and I can knock £80 off it doing that.

    That’s my reading of it as well, so at £4k per bike I think it makes it pretty good value if you have a fleet of exotic machines.

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