Insurance for bike, income, 3rd party etc

Insurance for bike, income, 3rd party etc

Postby bookworm1707 » Sun Mar 25, 2012 6:36 pm

Just wondering what people out there use?

I see bikesa has something with membership, seems to be cheap. Bike institute also has optional coverage and cycling Australia has policies.

I want something that will cover my bike and my medical bills. Also for others that I am at fault with, cars or bikes.

Not too interested in income protection as my earnings are insignificant. If I can add some sort of cycling advocacy that would be awesome.

Especially interested if anyone has had to make a claim?
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by BNA » Fri Mar 30, 2012 11:20 am

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Re: Insurance for bike, income, 3rd party etc

Postby Dr_Mutley » Fri Mar 30, 2012 11:20 am

wouldnt get out on the road without being covered with cyclecover gold....
insurance includes all you have outlined... medical is covered by SGIC if on the road (i believe?)

ran into a gutter and detroyed a zipp 303 front wheel ahile back.... email pics, and a replacement quote and had a cheque for $1650 a week later....
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Re: Insurance for bike, income, 3rd party etc

Postby rpmspinman » Wed Apr 11, 2012 4:31 pm

BikeSA provide 3 levels of full cover for personal injuries to yourself during riding as well as membership. But it will not cover your bike. If you paid the extra premium, you can get loss of Income insurance which will pay a % of your wages while you recover. I pay a household cover which covers all members of my household including the LOI insurance for about $75 a year. Cheap peace of mind if you ask me. http://www.bikesa.asn.au/RiderInfo_Membership_Cyclecove

I use Velosure to cover my bike while in use or at home which covers me for death or disability for up to $10k, the bike itself, against any theft, crashes and accidental damage, lost in transit caused to/by 3rd parties, and also covers my bike while in a racing event or any other corporate events like Amy's Ride, TDU, Grand Slam, etc. http://www.velosure.com.au/WhatsCovered.aspx

You can cover your bike at home under contents insurance for up to 5k (thats what it is with mine), but that cover may not insure you for the bike while its in use off your property. (check your policy)

This is the reason why I got additional cover with Velosure to make sure I am covered for my bike against most common instances of accidents. Cyclogold is another great institution which works in conjunction with BikeSA personal cover so there is a chance you could combine the cover together as a package.
Cheers
Shav

My Bikes:
2011 Kona Dew Plus (commuter)
2012 Focus Cayo 2.0 (road)
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Re: Insurance for bike, income, 3rd party etc

Postby MichaelB » Thu Apr 12, 2012 9:02 am

Dr_Mutley wrote:wouldnt get out on the road without being covered with cyclecover gold....
insurance includes all you have outlined... medical is covered by SGIC if on the road (i believe?)

ran into a gutter and detroyed a zipp 303 front wheel ahile back.... email pics, and a replacement quote and had a cheque for $1650 a week later....


What is the premium ?
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