BMX General > BMX Chat
Bike insurance
factory pilot:
A great idea for a thread .... Cheers Joff!
Would be great to hear people's stories/advice :daumenhoch:
Waxintaxin:
done this years ago
house cover will cover with an ammendment and them being added seperatley with a value ammount not replacement
you are esentially covering the value not the item
as they are unable to replace like for like they need to insure them against a cash value.
Jaan:
You have to be really careful here.
The grey area is that you're insuring bikes. Most insurers have a separate clause for bikes as they're classified as high risk items, well at least the one you padlock outside Tesco on a late night munchie run is.
You need to make sure that although they're kept inside as a "collection" they're treated as contents and not bicycles - that may sound odd but if you drill most insurers they'll actually not pay out if they're stolen from your house an amount greater than your bicycle cover. A surprising amount of insurers said they'd be classified as contents actually turned out not to be the case when I asked them to verify that with their managers.
All calls are recorded so they won't BS you. Just check and double check, leave no room for ambiguity so describe them as a collection of BMX bicycles.
I have mine insured with Aviva. They're individually photographed, with an accompanying parts list and serial number - major ball ache.
NORTY40:
--- Quote from: meticulous on March 02, 2015, 04:15 PM ---Anthony pumpkin.... ;)
--- End quote ---
Sure is Sam , think he's stressed over it :D I have sent him a txt to come on and read the lads replies ;)
NORTY40:
Thanks for taking the time to reply lads , really appreciated :4_17_5:
Some good points there and something that may differ from insurance company to insurance company . I'll get him to log on and view all the points you have raised as i don't fancy explaining all that over the phone :D
Thanks again lads :daumenhoch:
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