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Hi HFPers, are there any cards or bank accounts that have bicycle insurance included as a perk? Thanks, M
- This topic was modified 55 years, 4 months ago by .
Not aware of any unfortunately, though it would be a really good perk. A shout out to Laka insurance, which is between £8-£9 for 2no. 1 year old trek hybrid bikes, with gold U locks.
My bike was crashed in to, where it was parked outside my workplace in Soho. I didn’t realise until I tried riding home and saw my back wheel was buckled. I took it straight to Balfes in Islington and they booked me in for a new wheel, 1 week later (after bike was fixed) I realised I hadn’t taken any photos of said damaged bike. I uploaded a video statement to Laka with receipts for repair and the money was in my account 2 days later!
If you have home insurance worth checking how much to add to your bike. My home policy added my bike for less than £2.50. It was a new bike cost <£500. I have not (luckily) had to claim off it yet.
I would advise extreme caution about using home insurance.
Go online and get a quote on the basis that you have made a claim. Check and see what impact it would have for you.
Albeit for a different item, but when I stupidly did (for a £250 payout), it then doubled my premiums for the next 3 years, meaning I was well over £600 out of pocket, rather than £350 (factoring in the £100 excess).
I would advise extreme caution about using home insurance.
Go online and get a quote on the basis that you have made a claim. Check and see what impact it would have for you.
Albeit for a different item, but when I stupidly did (for a £250 payout), it then doubled my premiums for the next 3 years, meaning I was well over £600 out of pocket, rather than £350 (factoring in the £100 excess).
Not sure it’s a good idea to get a quote stating you’ve made a claim when you haven’t.
No harm in doing that at all. As long as you don’t lie when giving the details for an actual policy you take out, all is fine.
I can (and have) gotten car insurance quotes to see what a claim would do, or living at a different address, doesn’t leave a negative impact me for any future quotations. Why should it?
I second Laka – I have a referral code if anyone wants some money off – £25 credit – should cover 2/3 months depending on bike(s). First class cover and, most importantly, customer service to get my bike back/fixed in an accident – two days from broken back wheel to being able to ride to work again. I have also used their health recovery cover following an injury which gave some nice benefits.
The eager referral code share really undermines the recommendation. At least for me.
The eager referral code share really undermines the recommendation. At least for me.
Equally happy to remove the referral – use or not – up to you.
Hmm, I don’t know of any such account, although it would be great and very convenient, you need to look around and be lucky to find something similar.
I would advise extreme caution about using home insurance.
Go online and get a quote on the basis that you have made a claim. Check and see what impact it would have for you.
Albeit for a different item, but when I stupidly did (for a £250 payout), it then doubled my premiums for the next 3 years, meaning I was well over £600 out of pocket, rather than £350 (factoring in the £100 excess).
Good advice – I made a couple of small claims (lost/damaged items) on my home contents insurance the past 2 years totalling about £250, not realising it would affect my renewal quotes so much, and now have really high premiums. In my case it’s probably not worth claiming for small losses (say under £500) because it causes future premiums to increase so much.
No harm in doing that at all. As long as you don’t lie when giving the details for an actual policy you take out, all is fine.
I can (and have) gotten car insurance quotes to see what a claim would do, or living at a different address, doesn’t leave a negative impact me for any future quotations. Why should it?
Because attempting a variety of ‘attempts at honesty’ is considered as a factor by many insurers. I used to work on the SaaS used by most of the insurance industry to highlight such anomalies btw.
No harm in doing that at all. As long as you don’t lie when giving the details for an actual policy you take out, all is fine.
I can (and have) gotten car insurance quotes to see what a claim would do, or living at a different address, doesn’t leave a negative impact me for any future quotations. Why should it?
Because attempting a variety of ‘attempts at honesty’ is considered as a factor by many insurers. I used to work on the SaaS used by most of the insurance industry to highlight such anomalies btw.
Very interesting @WillPS – would it make a difference if you use a disposable email account and dummy name / address via a VPN or is the software too sophisticated to allow such an approach?
No harm in doing that at all. As long as you don’t lie when giving the details for an actual policy you take out, all is fine.
I can (and have) gotten car insurance quotes to see what a claim would do, or living at a different address, doesn’t leave a negative impact me for any future quotations. Why should it?
Because attempting a variety of ‘attempts at honesty’ is considered as a factor by many insurers. I used to work on the SaaS used by most of the insurance industry to highlight such anomalies btw.
Very interesting @WillPS – would it make a difference if you use a disposable email account and dummy name / address via a VPN or is the software too sophisticated to allow such an approach?
Probably a limit on what I should say here, but those particular details would not be visible inside the ‘point of quote’ applcation that we worked on, so safe to say those attempted mitigations would make no difference at all.
You can’t really gamify your home address and it’d be inadvisable to attempt it (you’re more likely to simply not be offered insurance if insurers can’t be certain what they are insuring!)
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