Bicycle Insurance -(Excluding Electric Bikes)

Feb 13, 2013
589
315
Edinburgh
Funster No
24,680
MH
Rapido 881F
Exp
Since 2015
Up until now I have always insured our bikes via our House Insurance. Total value of 3 bikes was about £5000. This year, the costs using our house insurance was in excess of £120.00. Did some hunting around came up with TSB Pick and Protect.

https://www.tsb.co.uk/home-insurance/

You don't need to take out their house insurance you can just pick what you like. Key thing is you only insure to the value of the most expensive bike and all other bikes are covered! There is also no need for a gold secure lock to be fitted. (you do need to lock the bike to an immovable object though, which a bike rack on a motorhome is deemed to be)

The maximum value of bike they will insure is £3,500 which just happens to be the cost of our current tandem for the princely sum of circa £32.00!
 
Mar 10, 2016
507
515
Scotland
Funster No
41,942
MH
A Class RMB 750HE
Exp
Three years and counting, 30 years a tent tower.
Still don't get the differentiation between bikes and ebikes for insurance. Both our ebikes cost way less than £3500 yet are excluded from almost all contents policies??? There is no difference in how you secure such a bike and take away the battery and any attraction for nicking the bike disappears. So why the prejudice of insurers against ebikes??
 
Mar 23, 2012
3,250
6,398
sleights
Funster No
20,245
MH
c class
Exp
1
Still don't get the differentiation between bikes and ebikes for insurance. Both our ebikes cost way less than £3500 yet are excluded from almost all contents policies??? There is no difference in how you secure such a bike and take away the battery and any attraction for nicking the bike disappears. So why the prejudice of insurers against ebikes??
I can only think its the history of claims. I think a lot of them could be dammage when a theft is attempted or bikes that get nicked then dumped when they realise theres no battery. We have a couple of bikes so old its not worth insuring them but only use them for occasional baguette fetching
 
OP
clanjones
Feb 13, 2013
589
315
Edinburgh
Funster No
24,680
MH
Rapido 881F
Exp
Since 2015
That is an interesting point. I have never understood the insurance industry and what is and isn't covered. I always think of the film 'The man who sued god' when I look at insurance policies.

It will be interesting to see what happens WRT the investigation on lower policy costs for new policy holders (churn), as it is a real pain to review policies every year which I do.

Silver lining is that I wouldn't have found this new policy though!
 

Minxy Girl

LIFE MEMBER
Aug 22, 2007
18,902
18,978
E Yorks
Funster No
149
MH
Globecar Campscout
Exp
Since 1996
Still don't get the differentiation between bikes and ebikes for insurance. Both our ebikes cost way less than £3500 yet are excluded from almost all contents policies??? There is no difference in how you secure such a bike and take away the battery and any attraction for nicking the bike disappears. So why the prejudice of insurers against ebikes??
It may be that as it is able to self-propel to some extent (remember a lot were twist and go) rather than a user propelled one, it has a higher risk for such things as public liability, damage to bike etc.
 

Minxy Girl

LIFE MEMBER
Aug 22, 2007
18,902
18,978
E Yorks
Funster No
149
MH
Globecar Campscout
Exp
Since 1996
Just read the policy details ... unfortunately it doesn't cover e-bikes or any bike with a 'motor' (petrol?).

Bike Cover insures your pedal cycles while in and away from the home, anywhere in the world. Insure your most expensive pedal cycle and all pedal cycles at the address shown on your schedule will be covered. We will provide cover for loss or damage to your pedal cycle, hire of a replacement pedal cycle and public liability. The most we will pay for loss or damage to each individual pedal cycle is the limit shown on your schedule

We will not cover • the excess(es) shown on your schedule; • loss or damage to tyres or accessories unless the pedal cycle is stolen or damaged at the same time; • theft unless the cycle is: a. in your immediate custody and control; b. securely locked to an object that cannot be moved; or c. in a locked building • any pedal cycle with a motor; • loss or damage caused by wear and tear, light, weather conditions, damp, rust, wet rot or dry rot or anything that happens gradually; • loss or damage caused by the process of cleaning, washing, repairing or restoring; • mechanical and electrical breakdown; • confiscation or detention by Customs or other officials; • loss in value; • any loss or damage covered by another policy; • any loss that is not the direct result of the insured incident itself; • theft by deception unless deception is only used as a way to get into the home; or • any loss or damage covered by another policy; • any loss that is not the direct result of the insured incident itself; • theft by deception unless deception is only used as a way to get into the home; or • anything set out in the General Exclusions section of the separate General Terms and Conditions home policy document.
 
Mar 10, 2016
507
515
Scotland
Funster No
41,942
MH
A Class RMB 750HE
Exp
Three years and counting, 30 years a tent tower.
Just read the policy details ... unfortunately it doesn't cover e-bikes or any bike with a 'motor' (petrol?).

Bike Cover insures your pedal cycles while in and away from the home, anywhere in the world. Insure your most expensive pedal cycle and all pedal cycles at the address shown on your schedule will be covered. We will provide cover for loss or damage to your pedal cycle, hire of a replacement pedal cycle and public liability. The most we will pay for loss or damage to each individual pedal cycle is the limit shown on your schedule

We will not cover • the excess(es) shown on your schedule; • loss or damage to tyres or accessories unless the pedal cycle is stolen or damaged at the same time; • theft unless the cycle is: a. in your immediate custody and control; b. securely locked to an object that cannot be moved; or c. in a locked building • any pedal cycle with a motor; • loss or damage caused by wear and tear, light, weather conditions, damp, rust, wet rot or dry rot or anything that happens gradually; • loss or damage caused by the process of cleaning, washing, repairing or restoring; • mechanical and electrical breakdown; • confiscation or detention by Customs or other officials; • loss in value; • any loss or damage covered by another policy; • any loss that is not the direct result of the insured incident itself; • theft by deception unless deception is only used as a way to get into the home; or • any loss or damage covered by another policy; • any loss that is not the direct result of the insured incident itself; • theft by deception unless deception is only used as a way to get into the home; or • anything set out in the General Exclusions section of the separate General Terms and Conditions home policy document.
Yes, thats exactly the same as most policies I've found. Crazily enough our LV contents insurance will happily insure a racing bike up to £3000 at no extra cost anywhere (said bike capable of speeds far in excess of anything I'd dare do on my ebike) and yet despite me telling them this and explaining the limits on a pedelec, they refused to cover our bikes.
 
Oct 30, 2010
3,182
7,031
Suffolk or France or ........
Funster No
14,290
MH
A Class Carthago Chic
Exp
Since 2008
May I ask who you ebike users insure with?
Haven't insured my £3k+ bike although I know I should, if only against third party claims/ accidental damage etc. Our home insurance won't cover it and some specialist bike insurance appears to cover things that are no use to me, racing etc.

Richard.
 
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