[Closed] M&S insurance - if you have renewed

cannot recall what mine was but it was cheap to do think it was less £36 for one bike at £4.5 k - Orange have gone up in price but that is what it would cost now not what I paid for it

Was cheapish IMHO and worth it
threads on here suggest you can get the same for about the same price or cheaper elsewhere...price increases seemed to vary massively based on area though

Cheers, I am happy with the premium but just wary about what could happen to it if I'm as optimistic in my valuations as they were when I had to claim!

Had to make a claim last year and the service was very good, so would rather stay with them even if I could get it a bit cheaper elsewhere.

Pretty much halved my quotation by going with the AA and specifying the bikes (3 over 2k) - plus a free years motoring cover thrown in.

I think it added about £4 a month to mine when I declared one bike over £2k. Still worth it, cos it seemed there is a limited number of companies prepared to cover you when you've made a recent claim.

For some reason I was only being offered £1K as standard cover so to take it to £2.5K they wanted more than an extra £100. Warning - once I'd told them that I owned a bike of that value they said I had to take the higher premium and couldn't simply chose not to insure it as I was a higher risk for simply owning it !! (I went to Aviva who had a £2.5K limit for less)

Mine doubled! Two at £4K, one at £2.5K, one at £1K plus another.

If something happened, I don't want to be offered £50 for a Ti frame! Excess is £100.

Update for those in the same situation.

Got a high renewal quote, lowered it by raising excess to £250 (from zero).

Added named bikes which put another £80 or £90 on policy - but because none were over £4k M&S said they would take that off again as a cashback.

I'm happy enough with that.

🙂

Be careful of their policy wording about bikes - the new policy documents were enough to put me off renewing with them.

Can you be more specific?

I'll have a look at the terms when they arrive, there's a cooling-off period.

Are there any companies that will insure without specifying the bikes now?

We've got 12 bikes, and the specs chop and change all the time - don't want to be on the phone constantly changing stuff!

Dave

Beware AA - total liability for theft from a car is £1000 minus £200 excess (can be reduced to £100 - cost to me was extra £20 premium), plus your bike is not new for old - wear and tear is taken into account.

With M&S my renewal went up £80 when I specified a £2500 bike. Then realised excess was £0 - made it £100 and quote came down £100.

I'm still impressed with my contents policy from More Than. I've specified my bike (over 5k) and a guitar (just under 2k) and the monthly premium is only £11, the bike has to be inside though (outbuilding limits cover to 2k) and it's only covered at home, it was half the price of my M&S renewal although this is at a different address to the old policy.

Dave, Churchill will insure bikes at home for an unlimited amount without naming. Away from home you do need to specify though and there is an extra premium.

cheers longj, I'll get a quote from them - pretty sure my renewal is next month.

Can you be more specific?
I'll have a look at the terms when they arrive, there's a cooling-off period.

I'm still impressed with my contents policy from More Than.

I tried them; wasted 30 minutes on the phone only to be told that my specified valuables exceeded their upper limit (£10k I think). Worth bearing in mind for anyone with multiple expensive bikes, engagement rings, watches etc.

Yourcoverinsurance also offer unlimited cover for bikes in the house without specifying them. The optional extra for bikes is for cover away from home, which does add a hefty premium if you've got a few.

i bought it up with them, they honoured the renewal price and allowed me to declare 3 bikes worth more than 2k without altering the price.
phone up and talk to them, they'll generally deal with it in a good way

Pretty much halved my quotation by going with the AA and specifying the bikes (3 over 2k) - plus a free years motoring cover thrown in.

I had to renew this week. I was paying £48 a month with 3 bikes decared.
Went with the AA as its £24 a month with the same declarations

M&S are still the only ones i can find that insure bikes in a shed

Just renewed with M&S, the quote went up £90 for two bikes (worth £5.4k total).

I had the misfortune to have a break-in 18m ago, bikes nicked, car nicked, house really turned over. M&S (Axa. Cunningham Lindsey loss adjusters) behaved impeccably. Esure who insured the car were shaping up to be total bastards. (fortunately the car was recovered by the police, so I didn't have to continue the argument too much, but even to get them to change the locks was a massive up-hill battle)

M&S every time for me, even if they were more expensive

My experience of claiming from M&S was also excellent, so it will take a lot to make me look elsewhere.

Rich_s....so m&s specify that you have to lock your garage? I don't get why you wouldn't anyway, but then I don't have a garage?

Looks that way to me. Our garage is integral to the house and let's say I was in the house but the garage door was unlocked but closed with the bikes inside.

I'd be willing to wager they'd try and say the bike was unattended, therefore that exclusion would apply. the problem is that most household insurance is issued on an open theft basis where there doesn't need to be forcible or violent entry to validate the claim.

The other part of it is theft from a motor vehicle. Same exclusion applies - even though the car might be locked, your bike needs to be locked to it. Like I say, I bet there would be an interesting response from the ombudsman on that, but the cover changes are worrying. I was looking forward to discussing that with them but they just let me cancel...

Dont give up on m&s just yet.
Had the renewal quote through yesterday. Insurance premium up from £533 to £617, obviously with the new lower bike limit. No excess.

Just off the phone to them, raising voluntary excess to £200 was the sweet spot for premium reduction, bought it down to £379. Adding one bike at £4000 valuation took the premium to 460, another £80.

Happy with that since there's another three bikes each worth 1000 -2000 still covered. Changes to cover as noted above- external buildings need to be locked, or the bikes secured with a locking device to motor vehicle or immovable object.
A lot cheaper than specialist providers, and I'm a lot happier having new for old cover in place.