Anybody with experience of Outsurance bike cover

[martelpypie]

I see Outsurance  has comprehensive bike cover; Any specific problems related to it, that I should know about? It looks quite good to me.

 

http://www.outsurance.co.za/default.asp?search=1&ID=357

 

OUTsurance Bicycle cover will help you blow the

rest of the peleton away. Our comprehensive, world-wide cover will

ensure that your valuable bicycle is protected against fire, theft,

loss or accidental damage, regardless of whether you're out on a

training ride, competing in a race or simply transporting your bicycle

with you.

With OUTsurance Bicycle cover you don't need to take out household

contents insurance just to get your bicycle and accessories covered,*

or worry about having to take out additional cover every time you

participate in a cycling event, either here in South Africa or abroad.

Cover is available for everyday leisure cycling, road-based time

trials, as well as semi-professional racing and competitive cycling.

 What are the benefits?

• Complete protection - every time you get on - whether you are racing, training or riding socially.
• Worldwide coverage -

  take part in cycling events around the world, like the European ?Trans

  Alps Race?, without the hassle of having to take out additional cover.

• Standalone cover - you don't have to insure your household contents just to specify your bicycle and accessories*.

 

[Dirty Twin]

MP No harm done in getting a quote and finding out what the premiums and excess's are like. Try and get a complete wording and check the exceptions and warranties.

Then let us know.

 

Also look at Cyclesure and I think it is Pedalsure.

http://www.saeagle.co.za/pdf/Cyclesure_Leaflet.pdf

 

http://www.pedalsure.com/index.html (I See they are Cyclesure Brokers)

Speak to your own broker to get a quote from Cyclesure.

[madmarc]

I got a quote

Road bike insured for 30K

MTB insured for 15K

 

Premium + 170.00 p/m

 

currently paying 240.00 p/m for road bike only insured for 15K

 

So Outsurance really does beqat them hands down, but i have no experience with the following.

 

How well do they pay out on a claim

What is their annual increase inpremiums ( have heard once they have your business they load the premium after a while) but this is just what i've heard maybe just a rumour.

 

Anyone else on the hub use Oursurance and can make a comment????

[ewep]

madmarc, the sister has her car insured through them and up to now (2 accidents later) we've had no problems whatsoever.  Don't know about theft though.....

[Gumpole]

My bike was insured with them, it was stolen from my house during a robbery - they paid out the purchase price without any hassle (minus excess of R1500).

 

they paid quickly and assessor was chasing me not vice-versa!

[ewep]

Gummie and madmarc, what's their excess percentages, etc?  And do they cover for the bike being stolen from a bike rack?

[madmarc]

Gummie and madmarc' date=' what's their excess percentages, etc?  And do they cover for the bike being stolen from a bike rack? [/quote']

 

I'm not  sure but i'm looking at moving my entire insurance over to Outsurance so i'll be looking into al those things shortly

[Gumpole]

Mine was stolen from inside my house.

 

excess you can set - obviously higher the excess the lower the premiums, my R1500 was the excess on the whole burglary, not just the bike.

 

Their premiums do say that the bicycle needs to be out of site while being transported (ie in a boot or under tarpaulin)... but check with them.

 

[AndreZA]

Madmarc, when I wanted to moce my car insurance to them they told me to change my immobiliser. It was a factory fitted central locking system that came with my brand new car. I told them to get stuffed. Just look out for these small things.

 

 

[scotty]

I wonder if they insure for bicycle shop maintenance stuff ups

 

Your bicycle and accessories are protected against:

All Risks

Loss or Damage

Theft

Hijacking

Damage During Transit (i.e. while on a roof-rack, in the boot or in a trailer)

Damage During Training

While participating in sporting events (no limit)

scotty2008-06-30 02:37:41

[madmarc]

I wonder if they insure for bicycle shop maintenance stuff ups

 

Your bicycle and accessories are protected against:

All Risks

Loss or Damage

Theft

Hijacking

Damage During Transit (i.e. while on a roof-rack' date=' in the boot or in a trailer)

Damage During Training

While participating in sporting events (no limit)

[/quote']

 

Thats another thing i'm gonna check. What happens if i'm working on my bike and i accidently break something - like drop the chainring and bend it or strip a crank thread while using the crank puller etc.

[markStockton]

I just spoke to a consultant and there is a very specific exclusion. Bikes on a bike rack (even if locked to it), if they are unattended and they are stolen, you are NOT covered. 

[ewep]

 

I just spoke to a consultant and there is a very specific exclusion. Bikes on a bike rack (even if locked to it)' date=' if they are unattended and they are stolen, you are NOT covered. 

[/quote']

 

Thanks Mark!  This excludes Outsurance then.....

 

[Saffa_G]

 

wow, thats amazing, the bastards told me everything was covered

 

also with outsurance

 

Mine is R21200 and premium is R132.somthing

 

Hmmmm ....  excess is R400

 

what u peeps think?

 

Saffa_G2008-06-30 03:37:51

[Saffa_G]

 

 

I just spoke to a consultant and there is a very specific exclusion. Bikes on a bike rack (even if locked to it)' date=' if they are unattended and they are stolen, you are NOT covered. 

[/quote']

 

Thanks Mark!  This excludes Outsurance then.....

 

now what do we do?  i just called them and asked if they cover y bike if it is on the bike rack and is locked, they say yes?  they even said to me how are you supposed to conceal the bicycle in the boot sir?

 

what do we do now?  she said that the call has been recorded and that is my reference??  Weird?  Advice hubbers?

Saffa_G2008-06-30 03:46:42

[madmarc]

get it in writing.