BMX General > BMX Chat
Bike insurance
rodriguez:
--- Quote from: Andy68 on November 26, 2016, 06:35 PM ---I had a game renewing my existing insurance a few months ago as my provider was stopping house insurance.
Ended up with Admiral Platinum, all bells and whistles for buildings and contents, garage etc, 11 bikes individually specified with a couple of the other half's Pashleys no problem at all. I've kept each no more than 1K.
Policy cost about 200 quid :daumenhoch:
--- End quote ---
If you ever have to claim which I sincerely hope you don't, the problem will be providing valuation to the loss adjuster so Admiral will pay out on your bikes.
Just because you specified them at a value doesn't mean you'd get that, you still have to provide a valuation, ie, prove what the bike is worth. I just don't know if a loss adjuster will accept Ebay auctions and my gut instinct tells me it's highly unlikely.
A specified item insured for x amount and a specified item insured for x amount with an agreed value based on a proper valuation are two different things I'm afraid.
I'll try to explain it in a different way it's like the difference between normal items of contents and collectables in the same way there's a difference between normal everday cars and classic cars and you need a different type of insurance for the latter.
--- Quote from: That Swan Guy on November 26, 2016, 07:08 PM ---House insurance should cover anything up to £1k without listing it. Ours even covers the bike if it's stolen whilst out riding it
all this you must list everything is bollox
--- End quote ---
How do you know it's bollox?
I reckon you know as much about insurance as I do about hanging out of a helicopter attached to a rope, which is fuck all.
That Swan Guy:
that's funny
That Swan Guy:
I sat down and spoke to my insurer, I even explained in depth what they were, where they were and how difficult it would be to replace SOME of the parts. They were great they stated it was all covered. So I guess they know fook all too!
Andy68:
:LolLolLolLol:
I guess what I'm saying is........
Although it sounds like you got it good with your insurer, my previous quotes wouldn't entertain my collection when I asked. Although a pain in the ass, Admiral would cover them but asked for specific details and value. Who am I to argue. Just think it's best to state your bikes and take it from there, not presume they'd be covered at home or out and about.... Which of course you did. ;)
That Swan Guy:
--- Quote from: Andy68 on November 26, 2016, 07:53 PM --- :LolLolLolLol:
I guess what I'm saying is........
Although it sounds like you got it good with your insurer, my previous quotes wouldn't entertain my collection when I asked. Although a pain in the ass, Admiral would cover them but asked for specific details and value. Who am I to argue. Just think it's best to state your bikes and take it from there, not presume they'd be covered at home or out and about.... Which of course you did. ;)
--- End quote ---
and I wasn't talking to you!
see you next Sunday at 1400 x
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