Cyc-liast Posted December 21, 2016 Share Good day fellow cyclist, Do you make use of insurance for your bicycle? If yes, what is the best insurance for bicycle in terms of cover and price? If no, why don't you have insurance for your bicycle? I am conducting a research paper and would appreciate your feedback. Link to comment Share on other sites More sharing options...
BaGearA Posted December 21, 2016 Share Yes Cyclesure , only heard good things about them ( pricey tho) Link to comment Share on other sites More sharing options...
IH8MUD Posted December 21, 2016 Share Yes.I phone my insurance guy ( he is also a cyclist) and tell him that I built a new bike and this is the cost it would take to replace it. He just says and the next day mail me my amended insurance papers. Sometimes I send him photos of the bike and frame number as proof because I double up en overdo everything. But he does not ask for it. Edited December 21, 2016 by IH8MUD Link to comment Share on other sites More sharing options...
porqui Posted December 21, 2016 Share (Nope - too expensive. Mid range bike) Link to comment Share on other sites More sharing options...
Dicky DQ Posted December 21, 2016 Share Yes - Santam - Insurance good and proper, through a broker. Not the cheapest but I am happy. Never had any issue with a claim to date. Link to comment Share on other sites More sharing options...
Kalahari Vegmot Posted December 21, 2016 Share Cost of insurance on say, a 50k bike? Link to comment Share on other sites More sharing options...
Dicky DQ Posted December 21, 2016 Share Cost of insurance on say, a 50k bike?Not sure, probably about R 900.00 give or take, bit ask Myles. Link to comment Share on other sites More sharing options...
Grey Hubs Posted December 21, 2016 Share Use a broker! Link to comment Share on other sites More sharing options...
Special-K Posted December 21, 2016 Share I use Santam for my road bike, paid out twice without any questions in less than a week. Icylce on my mtb, paying R260 for R50k, took a bit longer to pay out, about 3 weeks and want the old parts/bike back, but cant complain. Link to comment Share on other sites More sharing options...
Kalahari Vegmot Posted December 21, 2016 Share R260 isn't that bad, R900 is more than car insurance... ObiWhanKenobi and Patchelicious 2 Link to comment Share on other sites More sharing options...
Zorro5614 Posted December 21, 2016 Share Yes - Santam - Insurance good and proper, through a broker. Not the cheapest but I am happy. Never had any issue with a claim to date. Heard from my Santam broker that they only insure bicycles to a max of R30 000. Is this the case with you as well? Link to comment Share on other sites More sharing options...
nonky Posted December 21, 2016 Share Would love this cover but N+1 means that it's simply too expensive Link to comment Share on other sites More sharing options...
jock_the_GIANT Posted December 21, 2016 Share Heard from my Santam broker that they only insure bicycles to a max of R30 000. Is this the case with you as well? You can insure with Santam for more than R30k but the excess increases for any amount above R29 999. if i remember correctly the excess is R2500. Normally between R250 and R500 Link to comment Share on other sites More sharing options...
Patchelicious Posted December 21, 2016 Share Not sure, probably about R 900.00 give or take, bit ask Myles.Jeeeeeezuz that's way too high! Thats like 22% You should be in the R200 to R300 pm range for a R50k bike depending on cover type. B20 1 Link to comment Share on other sites More sharing options...
Tatt Posted December 21, 2016 Share All bikes covered on my household policy with Santam. Fully compatible, and have to update replacement purchase price every 3 months or so given that the Rand fluctuates so much... pay around R450 for R90k replacement cover and around R220 for R40k bike. Would include any bike I purchase on my policy just for peace of mind. Have never had to claim before. Tom Link to comment Share on other sites More sharing options...
JA-Q001 Posted December 21, 2016 Share Bike is with Santam as well. R 130 000 with a R300 monthly premium. Excess is R 2 500. Have never had problems with them. Must add that it is insure through my parents policy thats about 30 years old. Link to comment Share on other sites More sharing options...
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