Cheap bike insurance dont be fooled, you get what you frigging well pay for, no matter what anyone says
After my episode last june, I am still waiting to get paid out, so be warned
Check your policy carefully, the internet insurance providers dont always give you what you think you have got
You will not get a full refund from them even if you can prove they were in the wrong
THERE IS NO refund if you pay by credit card, check the cards small print
Be prepared to deal with up to 15 different organisations if you make a claim
If you do claim they sell your details to all of the compensation claim companies, but the letters these companies send out make it out as if they are dealing with your insurer
DONT USE EBIKE UNDER ANY CIRCUMSTANCES
Once my claim is settled I will write a full report on the forum as to how they operate, and you will be shocked
As I said there is no such thing as cheap YOU GET WHAT YOU PAY FOR
My advice go to a reputable company like Bennets or Carole Nash or you local insurance broker
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Riding with enthusiasm upon the ragged precipice of disaster
think its horses for courses when it comes to insurance carole nash horrendous prices for renewal and big admin charge if you change the insured bike bennets cheap but big excess if your not carefull and read the small print looks like ill be resorting to compare sites again this year thats another evening written off then typing in details over and over
Southern Rock are the underwriters for ebike. See Company description below.
Southern Rock Insurance Company Limited Southern Rock Insurance Company Limited is based in Gibraltar where it is regulated by the Financial Services Commission of Gibraltar.
Formed in 2004 with a capital base of £4m, Southern Rock writes motor business in the UK and Northern Ireland, including eBike, eCar and eVan business marketed under the eGroup banner of brands.
As Managing Director of Southern Rock, Michael Lee has overseen the phenomenal growth of the business that now employs 16 people. Achieving premiums of £96m in 2009, Southern Rock is on target to write in excess of £110m of premium in 2010
Compare this with Aviva, have a quick look. It doesn't matter if you don't understand it all, just look at the numbers!
At 28 with 2 years no claims (bike), 2 accidents within 5 years & 6 points for speeding, my Insurance is £13.00 a month on a 2006 EXC 400. Insured with Bennetts and underwritten by AXA.
Can't really complain about that... My renewal from CIA was £44.08 a month
After my episode last june, I am still waiting to get paid out, so be warned
Just out of curiosity, is this because your company is refusing to pay, delaying the payment or because you are haggling about the settlement?
-- Edited by RichT4 on Thursday 8th of March 2012 01:08:57 PM
None of the above, once its all done and dusted I will write a story about what goes on, and nobody in their right mind would use them when you hear what has happened
Cheap bike insurance doesnt exist, as with most things you get what you pay for.
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Riding with enthusiasm upon the ragged precipice of disaster