pal wrote:Co-op contents insurance (and I think some others -- perhaps M&S?) has a limit of up to £1000 per bike, and covers them for up to 60 days overseas. There are some restrictions on how long you can leave a bike locked up in a public place (from memory: 12 hours generally; 24 hours at train stations), but generally the rules are fairly reasonable. The downside is that the insurance itself isn't cheap (though cheaper than the specialist stand-alone bike insurance packages, in my experience).
That's basically right, but to be clear because I've got it handy: it's part of the "Unspecified Personal Possessions" of the co-op home insurance, rather than the contents part. Depending on what other personal possessions you want to include on your policy (and most people have some I think), the co-op often isn't a bad price AFAICT and the marginal cost of also adding cycles is much smaller. I couldn't find anything about 12/24hour limits in the co-op one but I've heard that before and this is clearly a home policy, so if it the bike's arguably normally kept at a station or something like that (rather than parked there as part of a journey), I'd expect problems trying to claim.
I've been through my paper copy of the co-operative insurance current policy and the booklet of changes and as far as I can tell, this is the full wording as it applies to cycles:
- What is insured ... We will not pay in respect of any one event more than the Total Sum Insured on Unspecified Personal Possessions shown in the Policy Details, less the Excess specified in the Claims Settlement Provisions of this Section, subject to the following monetary limits ... £1,000 for any one pedal cycle.
- What is not insured ... Mechanical, electrical, electronic or computer failure or breakdown ... depreciation, wear and tear [and so on] ... Loss or damage from use for professional, trade or business purposes. ... Loss of or damage to any pedal cycle or its accessories while used for racing. Loss of any pedal cycle left in a public place unless it is locked to a fixed point. Theft of pedal cycle [&c] accessories unless the pedal cycle [&c] is stolen at the same time. Damage to tyres or inner tubes of pedal cycles or wheelchairs by punctures, cuts or bursts.
- Foreign Use ... up to 60 days in any one Period of Insurance.
- Claims Settlement Provisions ... cost of repair or of replacement as new if an article is totally lost or destroyed ... An Excess of £50.
Oh and there is no police database of non-stolen bikes at the moment. There are private companies building what look to me like spamming databases by taking in bike and owner details, with much of the advertising and collection cost dumped on the police (and thereby on us, the taxpayers). The police don't make the Data Protection implications clear to people whose bikes they register IMO. The company promoted by Norfolk police says "We will use the information collected ... send you newsletters and details of our products and services, offers and promotions in which we believe you will be interested
; understand the interests and buying behaviour of our registered users; enable third parties to carry out technical, logistical or other functions
Keep your details yourself and if the bike is nicked, it'll go on the police database along with the other details of the crime.
If any insurer is telling you to register a non-stolen bike on a police database, that's impossible and seems like an Unfair Term to me, so wouldn't be enforceable. I'd probably ask trading standards to take a look but probably I'm grumpy and they wouldn't look anyway