Cycle insurance...

[JeRkY]

Hi guys n gals,

Ive been thinking its possibly time to think about insuring my bikes.

Does any one have any recomendations for good companies for retro bikes?

the value of mine is well below that of many on this site, however id like to find an insurance company that sees my bikes as something other than worthless old cycles.

 

[Mr752]

Try E & I (Equine & Livery) from York.
I've insured bikes off and on with them, you can pay monthly and they have different levels of cover which allow you to take your bikes abroad for so many days a year.
Think they do require you to DATA Tag your bike which isnt a bad idea.
They're on the net just Google the name.

 

[Mr752]

Heres the link,
www.EandL.co.uk/CycleInsurance

 

[Augustus]

I use the CTC's insurers Butterworths.

Always found them to be very low maintenance and down to earth friendly. I think they are a small operation as I always get one of two ladies on the phone when i phone up to change things, and they are always how you'd like all companies to be, polite, efficient and friendly.

And they are IMO competetive price wise. Seem to be approx 5% of the bike's value and even cover it for you being a tw*t and braking it out and about on a sunday morning.

Would recommend them.

http://www.butterworthinsurance.co.uk/

 

[JeRkY]

Cheers peeps, i shall look into both of those!

 

[jonnyboy666]

hey guys, be careful with e&l, had issues when it comes to claims, they insisted on seeing the broken lock of a customer a while back but the thieves took it with them, e&l said "no broken lock, no money"

always check in advance what type of circumstances the bike is covered for, locked in house, locked on street, what type of lock do they consider good enough for what price bike etc

bottom line:-

all insurance companies don't want to pay out

try your house insurance 1st but they usually have a limit pricewise, if not try the ctc or bc (was bcf) or ask mates who have had a bike stolen and the insurance did pay out.

 

[pinguwin]

The 5% in the U.S. is called scheduling, very expensive but covers you if you run into a tree. Cheaper idea is to get it under your homeowners policy as a regular piece of property.

Some issues that I've seen before are you need to establish the value in a way that your agency will agree to. If you say "Yeah, it's vintage and worth 3k." They will say, "Yeah, its 20 years old and worth $100." Make sure you agree on a method of valuing it. I've had problems with this. My Klein worth $4k might only be worth, according to the agent, as less value than the wheelset alone. Be careful, ask questions, etc. You mileage may vary in the UK, this is my U.S. experience only.

'Guin