rapidoman Posted August 12, 2012 Share Posted August 12, 2012 I have 2 raleigh velotrail electric bikes worth £1100 each. Just had house contents insurance through and they want an extra £174.00 to cover them. This seems a lot? any suggestions, current insurer is LV. Link to comment Share on other sites More sharing options...
Guest JudgeMental Posted August 12, 2012 Share Posted August 12, 2012 just insured one of our new bikes and it was an extra £110 (£2200 bike) I think that reasonable considering its EU wide.. You have to remember items insured outside the house are always more expensive because of the risk. You think your quote for 2 bikes expensive, have a look and see what stand alone bike insurance costs.. treble in most cases we insure with UIA as it was recommended on an e bike forum....maybe try a quote Link to comment Share on other sites More sharing options...
hallii Posted August 12, 2012 Share Posted August 12, 2012 Ours 2x £600 bikes cost £25 on the house insurance. H Link to comment Share on other sites More sharing options...
tonyishuk Posted August 12, 2012 Share Posted August 12, 2012 Our two Freego bikes £1200 each cost £50 on the household insurance and does include if batteries are stolen and bikes left. Seems like a successful try-on by the Insurance company, Time to change next year ! Rgds Just to add, Try CTC membership, they have have a range of membership offers that might be of interest. http://beta.ctc.org.uk/joinmembership/1 Rgds Link to comment Share on other sites More sharing options...
Cliffy Posted August 12, 2012 Share Posted August 12, 2012 Marks and Spencer home insurance is good for including cycles in the policy. I assume electric bikes will come under the same as normal bikes. Link to comment Share on other sites More sharing options...
tonyishuk Posted August 12, 2012 Share Posted August 12, 2012 Cliffy - 2012-08-12 7:02 PMMarks and Spencer home insurance is good for including cycles in the policy. I assume electric bikes will come under the same as normal bikes.According to my insurance company , electric bikes are seen as "mechanized or assisted" transport. But any excuse to up the premium will do !Rgds Link to comment Share on other sites More sharing options...
malc d Posted August 12, 2012 Share Posted August 12, 2012 tonyishuk - 2012-08-12 8:07 PMCliffy - 2012-08-12 7:02 PMMarks and Spencer home insurance is good for including cycles in the policy. I assume electric bikes will come under the same as normal bikes.According to my insurance company , electric bikes are seen as "mechanized or assisted" transport. But any excuse to up the premium will do !RgdsAs they are MOtorised PEDal cycles I would have thought they would be classed by insurance companies as mopeds ? (?) Link to comment Share on other sites More sharing options...
Clive Posted August 12, 2012 Share Posted August 12, 2012 The premiums have more to do with where you live and in what type of building they are stored in. locked SHED No Brick built and locked garage YES C. Link to comment Share on other sites More sharing options...
lennyhb Posted August 13, 2012 Share Posted August 13, 2012 Cliffy - 2012-08-12 7:02 PMMarks and Spencer home insurance is good for including cycles in the policy. I assume electric bikes will come under the same as normal bikes.Unfortunately they don't. Link to comment Share on other sites More sharing options...
tonyishuk Posted August 13, 2012 Share Posted August 13, 2012 lennyhb - 2012-08-13 8:36 AMCliffy - 2012-08-12 7:02 PMMarks and Spencer home insurance is good for including cycles in the policy. I assume electric bikes will come under the same as normal bikes.Unfortunately they don't.I suspect that M"n"S just act as agents, If you can get through to the insurance company, you may be able to do a deal. Although it may be as cheap to insure with a specialist insurer of through Cyclist Touring Club.Rgds Link to comment Share on other sites More sharing options...
Pete-B Posted August 13, 2012 Share Posted August 13, 2012 I think a lot of the time these companies think of a price and double it! I've just sold my Caterham 7 which was a very quick car and very stealable, the insurance on that was £180 which included 30 days european breakdown and recovery. How do you square the circle and come up with pretty much the same money to insure a couple of thou of bikes? the mind boggles! Link to comment Share on other sites More sharing options...
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