Bicycle insurance - who has it
- snedden9485
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Bicycle insurance - who has it
Postby snedden9485 » Wed Mar 11, 2009 3:21 pm
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- trailgumby
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Postby trailgumby » Wed Mar 11, 2009 4:07 pm
But I do have public liability insurance through my membership of BNSW.
I will not bet the farm that insurance companies will play nice if (when) I have an accident and someone tries to pin the blame on me. Even if I end up winning, I lose big time: distraction from work and family, funding legal bills, negotiating a settlement... and then there's the risk of a huge payout if I;m found at fault. And that's if I'm not at fault. I don't want to think about what the consequences could be if I really did make a stupid mistake that actually hurt somebody.
If you ride a lot I think that is a much bigger exposure to be worrying about. $10k on a damaged bike is piffle by comparison.
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Postby snedden9485 » Wed Mar 11, 2009 4:39 pm
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Postby RobRollin » Wed Mar 11, 2009 4:43 pm
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Postby bennysthe1 » Wed Mar 11, 2009 5:53 pm
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Postby Boognoss » Wed Mar 11, 2009 7:11 pm
Also have Bicycle NSW membership for public liability and personal accident insurance.
- Burt 'Pigeon Racer' Jones
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Postby Burt 'Pigeon Racer' Jones » Wed Mar 11, 2009 7:42 pm
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Postby Low Racer » Wed Mar 11, 2009 9:26 pm
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Postby sharktamin » Thu Mar 12, 2009 12:53 am
- aeroslave
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Postby aeroslave » Thu Mar 12, 2009 6:11 am
The reason I got it is just what Zozz said...i started racing already. In the racing last Sunday at Landsdowne...there and there I saw a crash. Thats how easy it is to stack the bike.
yeah I forgot to add that I got it from Velosure.
- Pax
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Postby Pax » Thu Mar 12, 2009 7:04 am
It is with Cycle Cover.
I don't have insurance for theft or damage to my bikes...gamble I am prepared to take, but neither of my bikes is worth over $2000, so it is a gamble I am prepared to take and 30+ years of adult riding (touch wood ) without needing it seems to suggest that I am well in the black on that gamble.
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Postby aeroslave » Thu Mar 12, 2009 9:28 am
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Postby GAJ » Sat Mar 14, 2009 3:18 pm
A $4,000 bike adds $28.00 per anum to the policy and covers the bike anywhere in australia for damage theft etc, but not whilst racing. It is covered for non race events such as Around the Bay, training rides, whilst in or on the car etc.
Having battled a drivers insurance company for months when my previous bike was written off, I enjoy getting out on my bike much more with the peace of mind the insurance brings. At the end of the day it's only the cost of a few coffes.
We also have the 3rd party insurance and benefits that come with Bicycle Victoria Membership.
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Postby brendancg » Sat Mar 14, 2009 4:42 pm
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Postby Aushiker » Sat Mar 14, 2009 8:51 pm
Insured all my bikes as part of the contents insurance with HBF. Found it to have less restrictions and best coverage for the dollars when I researched this last year. Lot cheaper than what I have seen quoted here by some.
Oh also a member of BTAWA so have coverage through them as well.
Andrew
Aushiker.com
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Postby Ant. » Sat Mar 14, 2009 10:12 pm
At the end of the day, only velosure and cyclecover (need to have $35k worth of home contents insurance with QBE to qualify) can PROPERLY cover me.
As kilroy suggested, covering it with contents insurance; it's like jewellry. Except you can't crash jewellry during racing/training/commuting/learning to track stand.
Specific insurance like velosure is not for everyone, but it is for me.
Cervélo P3C
BT Blade
- aeroslave
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Postby aeroslave » Sun Mar 15, 2009 10:17 am
Cover during racing is where you get your money's worth.
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Postby trailgumby » Sun Mar 15, 2009 11:19 am
Pigeons?Burt [b]'Pigeon Racer' [/b]Jones wrote:Not yet, but I'm going to sign with Velosure tomorrow purely because they cover when racing.
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