Bike Insurance

Got my Cycle2Work bike and need to make sure it is covered as I can't afford a new one.

Just curious how people insure thiers?  Household or seperate insurance?  - Any suggestions would be helpful.

TIA

BWT

MIne are insured under my Direct Line home insurance, whilst at home or anywhere else, as long as they are locked etc. But its worth checking!

Strangely, there is a specific clause stating they are not insured when Im racing them - now I know I'm not the fastest rider, but I would like to think I'd be fast enough to stop someone pinching my bike from under me!!

Anyway, it was discussed a little while a go here:

 http://www.runnersworld.co.uk/forum/forummessages.asp?dt=4&UTN=190181&last=1&V=8&SP=

Thanks that was really helpful.

I should have searched better myself.

I have a couple of questions... I have the BTF cover, does this cover liability in case an accident is my fault? 

I would ideally like something to cover theft as well so I really need to look into this, I have three bikes (£200/£800/£1800) and would prefer if I had all 3 covered under some insurance that won't cost an arm and a leg and is seperate from home insurance?

The exclusion of racing is probably less to do with the risk of theft, and more to do with the risk of damage - to you bike and to third parties if the insurance covers public liability.

The insurance I'm looking at is with E&L, and is about £80 a year, with £1m public liability and roadside recovery cover and replacement bike hire.  It covers road based time trials, but there is another policy they do for competition/racing.

My household insurance wouldn't even cover half the value of the bike, never mind anything else.

Mine are all covered as an addition to my Halifax home contents..

Usual stipulations that they are kept locked up in a locked garage when not in use

I don't think BTF insurance covers damage to the bike.  It covers damage that you might do to others in the event of a crash, and I think there is some cover for injury to yourself but probably best to check.

I found that most household insurance only covered bikes up to the value of £1000 or sometimes only £500, and mine is worth more than that.  I've insured mine with ETA for the last three years.  The cost hasn't gone up in that time which is why I haven't bothered to check around for better offers.  ETA covers everything except if you leave your bike unattended and unlocked (except during events) and riding under the influence of drugs or alcohol.  It is worth checking household policies as some don't cover the bike when it is away from home.

I was amazed when the Halifax said they could offer bike cover, So I laughingly said go on, gave them the details of the P2 and they said no problem, They even knew how much it was worth in standard form and asked if I had added to it....