Cycle insurance and THAT clause...

[AndreZA]

A few months ago someone mentioned that Cyclesure added a new clause that excludes any manufacturing defects. This got me wondering if I should change seeing that I will proberbly never be able to own a new bike again. So I contacted the other cycle insurer that takes care of your pedals (and the rest of you bike actually) and they said that their is no insurer that would cover you for manufacturer defects. So who do you go to now?

 

 

[Wazza]

Go back to the manufacturer if there is a manufacturing defect.

[AndreZA]

Go back to the manufacturer if there is a manufacturing defect.

 

They don't cover if you're not the 1st owner and some frames have limited years warrantee.

 

 

[fandacious]

Go back to the manufacturer if there is a manufacturing defect.

 

Doesnt help for 2nd hand bikes. They only cover the first owner

[Old school]

Thats the reason why you shouldn't buy second hand, most companies oversee the fact that if there is a manufacturers defect outside of the warrantee period just to keep the customer happy.. Why wouldn't a happy customer buy from the same company again?

[AndreZA]

Thats the reason why you shouldn't buy second hand' date=' most companies oversee the fact that if there is a manufacturers defect outside of the warrantee period just to keep the customer happy.. Why wouldn't a happy customer buy from the same company again?[/quote']

 

so where do all the second hand bike go then? Even if you are the first owner and have the frame repainted, the warrantee expires.

 

 

[Delgado]

A few months ago someone mentioned that Cyclesure added a new clause that excludes any manufacturing defects. This got me wondering if I should change seeing that I will proberbly never be able to own a new bike again. So I contacted the other cycle insurer that takes care of your pedals (and the rest of you bike actually) and they said that their is no insurer that would cover you for manufacturer defects. So who do you go to now?

 

 

Quite correct!! The only insurance that would cover claims of this type would be liability based (recall, defective workmanship, products liability) and the insurance would be held by the manufacturer specific. Look carefully even your personal policy will exclude any losses arising from defective workmanship!! i.e. be prudent as to who you contract to install your pool etc. 

[Old school]

Seriously every company has to have rules and regulations to insure themselves.

Simple: If you buy second hand there is no warrantee.

 

You'd be surprised what painting methods some people use and then want to claim for a new bike when all goes wrong. So they just make it easy by saying no one resprays the frame but through the company it was manufactured otherwise no cover...

[Jules]

First rule is not to ride a bike you can't afford to replace.

 

 

 

Nine time out of ten, bicycle insurance is a rip off. Rather get a quote, then sign a debit order for the same amount into a good unit trust. You'll probably be surprised at how quickly you will accumulate enough money to replace your bike. Once you've achieved this amount, you can cancel your debit order. The growth of the unit trust should ensure that your investment keeps pace even with bicycle inflation.

 

 

 

Just don't be like JB and by a sector-specific fund. On July 11 he advised hubbers to buy commodity shares. Since then these shares have lost more than a quarter of their value.

[Spud]

Hey Dirty Twin, where do we stand with this................your the expert.

[ewep]

 

First rule is not to ride a bike you can't afford to replace.

 

OK guys, I now have to stop cycling

 

[AndreZA]

First rule is not to ride a bike you can't afford to replace.

Nine time out of ten' date=' bicycle insurance is a rip off. Rather get a quote, then sign a debit order for the same amount into a good unit trust. You'll probably be surprised at how quickly you will accumulate enough money to replace your bike. Once you've achieved this amount, you can cancel your debit order. The growth of the unit trust should ensure that your investment keeps pace even with bicycle inflation.

Just don't be like JB and by a sector-specific fund. On July 11 he advised hubbers to buy commodity shares. Since then these shares have lost more than a quarter of their value. [/quote']

 

If most of us have to go that route, we all would be on Makro special bikes.

 

And a week after I bought the bike It gets run over by a taxi and the first debirt order has not ever gone off yet.

 

 

[AfricaMike]

I disagree. If you ride an entry level bike then by all means rather put cash into a unit trust than buy insurance, but if you ride a top-end bike (which you spent years saving for) and you ride in Jobeg then you're an absolute fool not to insure it.  Ask the riders that had their beauties stolen and ended up on hyperama specials.

[Dirtbreath]

Insurance is like gambling. Either you put your dosch on red and black, just black or on 0.

 

As for the frame defect. Para, I dont think it is fair to expect insurance to cover a frame warranty or the manufacturer to offer warranty on a second hand frame. It is the gamble you take buying second hand and saving cash.

[Jules]

I disagree. If you ride an entry level bike then by all means rather put cash into a unit trust than buy insurance' date=' but if you ride a top-end bike (which you spent years saving for) and you ride in Jobeg then you're an absolute fool not to insure it.? Ask the riders that had their beauties stolen and ended up on hyperama specials.[/quote']

 

 

 

If you can't afford to replace your bike, you're living beyond your means.

 

 

 

I'm not saying there isn't a place for insurance, but remember you are lining the pockets of the company's shareholders, and you are also subsidising the careless and the fraudulent.

[Wazza]

Besides, what manufacturing defects would arise on a secondhand bike that would not have been picked up by the first owner?