You are hereForums / By Discipline / Mountain (off road) / MTB Gear / The new bike :) (ideas for insurance?)
The new bike :) (ideas for insurance?)
Well,
I just went and picked up the new bike today (stumpy 29er XXL)
i have tested it around the car park and down the road and it feels awesome!!!
can't wait to test it on a trail, still finding my feet with the change in steering feel from a 26 but its good.
now the important question is insurance...
any ideas?
- Login to post comments
- Bookmark & share
Tags
Expensive but good.
Insurance for damage or insurance for theft? As I keep my bikes in a part of the house they are covered by my contents insurance but if they were in the garage then I would need to list them separately. I can extend my insurance to cover theft outside away from my home but it is expensive - I go for a healthy dose of paranoia, a good lock and a photo of what happened to the last person who attempted to steal a bike and got caught. You also get insurance for damage but it is really expensive and with most frames covered by warranty and parts really cheap I am not sure that it is worth it unless you are talking a really expensive bike.
I would definitely make sure that a good bike is insured for theft from your home as that is the place where it is going to spend most time without you actually being there.
http://www.bicyclensw.org.au/content/bug-insurance
http://www.realinsurance.com.au/Bicycle-Insuranc...
There are others but those are the two I can think of for now. I have been thinking of doing this also.
I have mine listed separately under home and contents as it's in the garage and it also provides some cover away from home.
I guess you need to do the research and find the best fit because they all vary a bit and some can cost more than a car to insure if you go the whole hog and cover everything.
i recently went through reviewing my bldg, content, portable item and all the other insurances one needs to take out these days and decided to go with Cyclecover for my contents. At the same time i was also looking for travel insurance as we were heading to Nth America and were taking our bikes. Standard travel insurance had a set limit on claiming for bikes something around the $6000 mark for all bikes and then there are conditions.
Reason I changed from NRMA to Cyclecover:
- unlimited number of bikes and unlimited value caovered
- covered outside the house eg away camping, riding, on the back of the car
- covered when OS so no need to take out extra insurance
- requirements for storing the bikes not as restricted as normal insurance companies
- bike damage covered even if riding or racing!
- they support the cycling community
- no i don't work for them
I am yet to make a claim with them (hope i never need to) but if you have a number of bikes that are of value it is important to make sure you have the right amount of insurance. The big insurance companies have a limit on the liability they will pay, say you have the bike away from home they may only pay 20% of the bike value compared to 100% if it is stored securely at home and sometimes they will have a limit on how much they will pay out (mainly if you have an exy bike >$6k
anyway that was my insurance hunting experience
I spoke to the guys at Velosure about... erm... insurance and explained their name came up online a lot.
The guy there gave me a referral code to spread about... if anyone does insure with them, if you quote this code it would be nice: 0992
FWIW, I found that adding our bikes to household insurance as named items was cheaper. Clearly though, if you don't have fancy home insurance or want some of the other benefits Velosure have they are the way to go. I compared several bike insurance specialists recently and they were all pretty much the same price.