General Cycling Discussion - A question for the Aussies - Insurance?
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06-16-03, 05:07 AM
I have done a search of the site, and haven't been able to find any great detail on insuring bikes over here in Australia. I would love to know from the Aussies out there:
1. Do you insure your bike?
2. If so, though whom?
3. How much?
I am in the process of saving for my first "decent" road bike, and my darling wife is terrified that I will loose / destroy / have my new ride stolen unless it is insured. I am looking at a $4500 package (bike, accessories, clothing, cycle computer/HRM) so it does make sense to insure it. Any feedback would be greatly appreciated. Thanks in advance........
06-16-03, 05:14 AM
I already have third-party insurance through my membership of Bicycle Queensland. I'm actually looking at getting some insurance for my bike myself, having recently had one stolen. I have heard that some policies will only cover your bike if it's stolen from home, so I'm being a little hesitant at the moment (that, and the fact that I'm a notorious procrastinator).
06-16-03, 05:33 AM
I will be looking at joining a club or Bicycle NSW soonish (the third party is a great idea - I would certainly cause some damage if I hit someone at speed - a little bigger than the average bear!) As for the other insurance, let me know how you go if you manage to get enthused about it at all. I found one through the Bicycle NSW guys and Safeguard Bicycle insurance, quoting:
Up to $2000 - $200
Up to $4000 - $381
Up to $5000 - $472
06-16-03, 05:45 AM
Now that I might look into.
06-16-03, 06:47 PM
Our two bikes are insured as part of the home policy. It worked out at a few hundred dollars on top of the premium but it includes coverage anywhere in Australia. I can provide more details if you require...
06-17-03, 04:27 AM
Thanks for the reply - I checked into our home insurance policy and found that they only insure for it when it is actually in the house - not when you are out and about. I did manage to find another link that seems more promising:
Cycle Cover Insurance (www.cyclecover.com.au)
For my bike, I would be looking at around $232.50 annually - much better than $381 through the other crowd.
I reckon at the moment, between this and the third party I will be covered for with a Bicycle NSW membership, I should be sorted. I don't mind paying a little for a lot of peace of mind.
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