My car insurance is much cheaper than trying to insure my bike, and one of them is a sports car (go figure). In the end, I didn't bother but have bike chained to wall / bolt anchors / CCTV and alarm. I'M NOT KIDDING!!.

We where robbed about 2 years ago and they literally ripped my house apart including children's bedrooms. Since then we have..

 

Trellis / razor wire on fence (to prevent birds of course). Before anyone say's checked with police and ok'd.

Alarms, with visual boxes front and rear.

CCTV

Security lights external

Security lighting internal when away

All glass doors downstairs replaced with security glass (like windscreen).

 

I'm sure you can guess how upset we were. It's like Colditz, but better than being robbed again.

Insurance all sorted with Aviva. Standard cover also includes £2,000,000 personal liability which looks like it will cover while on an eBike.

 

Occupier’s, personal and employer’s liability

"We will cover your legal liability to pay damages and claimants’ costs and expenses for:

● accidental bodily injury or illness;

● accidental loss of or damage to property;"

 

Exclusions:

"Liability in connection with:

a. you owning land, buildings or other fixed property;

b. you living in or occupying land or buildings other than the home or its land;

c. aircraft other than pedestrian controlled toys or models;

d. you (or anyone on your behalf) owning, possessing or using any motorised vehicle;"

 

Motorised Vehicle

"Any electrically or mechanically powered vehicle, other than:

● vehicles used only as domestic gardening equipment within the boundaries of the land belonging to the home;

● vehicles designed to help disabled people (as long as the vehicles are not registered for road use);

● golf carts and trolleys;

● toys and models remotely controlled by a pedestrian;

● electrically assisted pedal cycles that are not legally required to pay Vehicle Excise Duty for road use"

 

Was surprisingly simple to switch over from old insurance, only taken a couple of hours to look into and complete the switch. Well worth taking the time to get an online quote or two, saved me £200/year for better cover than I had before.

What happens if your bike costs £6000?. The cost of a middle to high end e-mtb has gone up due to euro / sterling exchange. A mid range to high end bike costs anywhere from £4k - £10k plus. The insurance companies are not so keen then, motorised or not.

when i tried for my bike it was 45 quid a month for 6k.

What happens if your bike costs £6000?. The cost of a middle to high end e-mtb has gone up due to euro / sterling exchange. A mid range to high end bike costs anywhere from £4k - £10k plus. The insurance companies are not so keen then, motorised or not.

 

Not sure how high they will go, site says up to £3,500 but online quote tool only lets you select £2,500, had to call up to add the increased amount. Only takes 15 min to fill out an online quote and give them a call with the quote ref if it looks promising.

Hi Jon, My experience is they won't touch a bike over 4k. Need specific bike insurance which is very expensive vs say car insurance. I think its a case of you take a chance or not.

what would a Ferrari FXX cost to insure then?

 

i mean if you have that much money would they even need to pay out as you could cover the cost anyway.

Hi Jon, My experience is they won't touch a bike over 4k. Need specific bike insurance which is very expensive vs say car insurance. I think its a case of you take a chance or not.

 

That's a shame,would be good to know if anyone has found a good policy that does go higher. Home insurance does seem to work out a lot cheaper if they will give you the cover. Think I would rather risk it than pay out the specialist insurance rates which all seem to be 6-7% of the bikes value.

 

Aviva does allow multiple bikes worth up to £3,500 each for the same price as one which is a bonus for me as my wife is now looking to get one too. Seems to be higher than most providers offer and nice that they specifically include Pedelecs in the policy.

 

Not sure i'd trust myself on a bike worth much over 4k. Would end up stressing too much about scratching it or worse. As it is I expect i'm going to be overly protective of my precious new bike for a good few months.

 

Edit: Don't mean to sound like an advert, not on commission. Shows that it can pay to shop around on home insurance though, especially if you haven't reviewed it for a few years.

Edited February 23, 20179 yr by I Am Jon

what would a Ferrari FXX cost to insure then?

 

i mean if you have that much money would they even need to pay out as you could cover the cost anyway.

People with that much money don't like paying for anything...

Funny thing about £. Most of my customers are wealthy, but very few have time for hobbies and most are unhappy, sad really. The secret is to know when to stop, but greed takes over. Anyway...

http://www2.antiquesnavigator.com/ebay/images/2011/360398741522.jpg

 

that is my uncles house n would not give me 1p even if i was on the streets dying.

 

last time i was there even had to chip in for the take away, can of coke then go get one from the machine there 40p each, wtf.

 

b4 that he had nigel mansell old house in the isle of man for tax evasion of course lol.

https://www.cycleguard.co.uk/Home/Home

 

will give you a idea of cost tho not be cheap unless you can get it with ur house ins.

 

be worth giving them a ring to make sure that they will not cover it as might have a cheaper option.

 

I was just getting ready to buy this insurance and was filling out the online form when I noticed the Insurance document as a PDF so I read the small print, and it states the following ;-

 

https://www.cycleguard.co.uk/Content/PDF/2016/CycleUrbanPolicyWording.pdf

 

"3.2 Security requirements when the Bicycle is away from the Insured Location Accidental damage or theft of the Bicycle, Fixed Accessories

and/or Additional Components whilst away from the Insured Location

shall only be covered in circumstances where any access to the Bicycle

is effected by Forcible and/or Violent Entry"

 

...so basically they are saying that if I lock my e-bike up anywhere around town to an immovable object (cycle stand provided by Council etc) and the bike is stolen, then because people have access to the bike, they won't cover it if it's stolen? In that case, I can never get insurance for my e-bike?

Unless I misunderstand?

 

Regards,

 

Alistair G.

Edited March 12, 20179 yr by Live_Steam_Mad

In fact, thinking about it, does anyone know of ANY e-bike insurer where the bike is covered when away from home, when it is locked to an immovable object, and when the public have access to the bike ?

 

Regards,

 

Alistair G.

Best way is to ring them up and ask someone.

In fact, thinking about it, does anyone know of ANY e-bike insurer where the bike is covered when away from home, when it is locked to an immovable object, and when the public have access to the bike ?

 

Regards,

 

Alistair G.

Zurich home insurance will cover you in this instance, but the bike needs to be a named addition to the standard policy.

In fact, thinking about it, does anyone know of ANY e-bike insurer where the bike is covered when away from home, when it is locked to an immovable object, and when the public have access to the bike ?

 

Regards,

 

Alistair G.

 

I'm with Velosure and the bike is covered so long as an approved lock is used and secured to an immovable object. I have the receipt and photo of the lock to prove it complies but think if I was leaving it for anytime I would take a quick pic showing it is locked up before leaving it.

MACIF has it as an optional extension to their contract if you want to get insured in France.

I'm with Velosure and the bike is covered so long as an approved lock is used and secured to an immovable object. I have the receipt and photo of the lock to prove it complies but think if I was leaving it for anytime I would take a quick pic showing it is locked up before leaving it.

 

Oh dear. I would draw your attention to this small print in the contract with Velosure ;-

 

https://www.velosure.co.uk/assets/pdf/06-2016/velosure_cycle_wording_v12.pdf

 

"2 Security requirements where the cycle is away from the insured location

 

Accidental damage or theft of the cycle whilst away from the insured location will only be covered in circumstances where:

a) the cycle is not left unattended ; or

b) the cycle is left unattended, but secured to an immovable object by an

approved lock through the frame and

c) any access to the cycle is effected by forcible and violent entry"

 

NOTE the link between items b and c above, i.e. the logic symbol "and". Also notice how they did not write "or" like they did between items a and b. So again, Velosure will NOT pay out if the public have access to your bike, no matter how well locked it is to any immovable object.

 

So if I leave my bike around town somewhere and it gets nicked, even if it's locked to e.g. a Council provided bike stand, then I'm stuffed. Since BOTH items b and c have to be true simultaneously before they will pay out.

 

I'll try the other suggestions (Zurich etc) later when I get a chance.

 

However this is the 2nd Electric Bicycle insurer which has this wording in their small print, and I am beginning to get the idea it's pretty standard in the insurance industry? At this point, not sure if I can get my e-bike insured at all against theft ?

 

Or am I misreading these legal document wordings?

 

Regards,

 

AG

Edited March 12, 20179 yr by Live_Steam_Mad

Oh dear. I would draw your attention to this small print in the contract with Velosure ;-

 

https://www.velosure.co.uk/assets/pdf/06-2016/velosure_cycle_wording_v12.pdf

 

"2 Security requirements where the cycle is away from the insured location

 

Accidental damage or theft of the cycle whilst away from the insured location will only be covered in circumstances where:

a) the cycle is not left unattended ; or

b) the cycle is left unattended, but secured to an immovable object by an

approved lock through the frame and

c) any access to the cycle is effected by forcible and violent entry"

 

NOTE the link between items b and c above, i.e. the logic symbol "and". Also notice how they did not write "or" like they did between items a and b. So again, Velosure will NOT pay out if the public have access to your bike, no matter how well locked it is to any immovable object.

 

So if I leave my bike around town somewhere and it gets nicked, even if it's locked to e.g. a Council provided bike stand, then I'm stuffed. Since BOTH items b and c have to be true simultaneously before they will pay out.

 

I'll try the other suggestions (Zurich etc) later when I get a chance.

 

However this is the 2nd Electric Bicycle insurer which has this wording in their small print, and I am beginning to get the idea it's pretty standard in the insurance industry? At this point, not sure if I can get my e-bike insured at all against theft ?

 

Or am I misreading these legal document wordings?

 

Regards,

 

AG

 

In the description of terms, forcible entry is described as

 

"Forcible and Violent Entry -

 

a) entry evidenced by visible damage to the fabric of the building or vehicle at the point of entry

b) damage caused to an immovable object or approved lock ".

 

They do tell you that you need evidence (receipt or similar) of the approved lock.

 

Hope this helps, might be the same for other insurers too.

OK so I phoned up Cycleguard and a person called Ruby said that they will cover me if I e.g. leave my electric bike locked to an immovable object outside around town, even if anyone can access where the bike is, and they will pay up if the lock is forced violently or broken and the bike is stolen, and they accept (up to 1200 quid bike value) the use of any lock specifically designed for bikes (including my Oxford brand bike lock which has 3/4 inch diameter flexible cable consisting of many woven hardened steel strands, which is about 10 years old or more, so I was told). The cost was 43 quid to cover my 600 GBP value bike. So I am now insured with them.

 

Regards,

 

AG

Oh dear. I would draw your attention to this small print in the contract with Velosure ;-

 

https://www.velosure.co.uk/assets/pdf/06-2016/velosure_cycle_wording_v12.pdf

 

"2 Security requirements where the cycle is away from the insured location

 

Accidental damage or theft of the cycle whilst away from the insured location will only be covered in circumstances where:

a) the cycle is not left unattended ; or

b) the cycle is left unattended, but secured to an immovable object by an

approved lock through the frame and

c) any access to the cycle is effected by forcible and violent entry"

 

NOTE the link between items b and c above, i.e. the logic symbol "and". Also notice how they did not write "or" like they did between items a and b. So again, Velosure will NOT pay out if the public have access to your bike, no matter how well locked it is to any immovable object.

 

So if I leave my bike around town somewhere and it gets nicked, even if it's locked to e.g. a Council provided bike stand, then I'm stuffed. Since BOTH items b and c have to be true simultaneously before they will pay out.

 

I'll try the other suggestions (Zurich etc) later when I get a chance.

 

However this is the 2nd Electric Bicycle insurer which has this wording in their small print, and I am beginning to get the idea it's pretty standard in the insurance industry? At this point, not sure if I can get my e-bike insured at all against theft ?

 

Or am I misreading these legal document wordings?

 

Regards,

 

AG

You're misreading them...

 

Access to the bike means....Being able to ride it, not just touch it.

 

Obviously if it's locked to an immovable object this access entails the use of force as described in the caveat.

Just insured my bike on an AXA policy - £145 buildings and contents and £14.95 for the £1200 Oxygen e-bike.

Best way is to ring them up and ask someone.

Best way is to email them and keep their response. Nine months down the line you can't say 'you said it was fine' if your bike gets pinched.

 

I made the mistake of calling regarding a query I had regarding the additional windscreen cover option for my car insurance. The helpful assistant basically told me what I wanted to hear. In reality, when I had to make a claim, it really wasn't.

I insured my motor bike fully comp for only £107 so why is a ebike so expensive ?

 

Yup - I'm with you there. I paid £133 for my motorbike insurance with an agreed value of £10k yet it's £160 for a £2K bicycle.

 

Possibly because it's a new market, not enough competition or maybe because there's more chance of recovering the motorbike.

Best way is to email them and keep their response. Nine months down the line you can't say 'you said it was fine' if your bike gets pinched.

 

I made the mistake of calling regarding a query I had regarding the additional windscreen cover option for my car insurance. The helpful assistant basically told me what I wanted to hear. In reality, when I had to make a claim, it really wasn't.

 

+1 for that. The AXA policy does not specifically state that e bikes are covered (I'm also with AXA). I emailed them and asked the question to which I had a reply saying yes they are covered. Keeping that email safe in case it's ever needed later !!

 

 

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