Insurance after theft

[Snorty]

So I'm hoping to let my mate borrow my other bike, but he had one nicked in November last year...

If he puts the claim in (He got £500 for it, but they made him pay the rest of the term of his insurance so he actually still lost money).

Now when he gets quotes they're ridiculous amounts like £900 and £1100 if he puts in he claimed, and it's only a 125!

What would happen if he didn't put down the claim?

It's so annoying that some little scrote can nick your stuff, inconveniencing you, get away with it, then make your insurance higher for the next 5 years...

Any other ways to make it cheaper?

[Aff]

Nothing he can do, if he doesn't declare it his insurance is void, so he may as well not get any if he's going to do that. Its his fault for putting a claim in for a bike worth 500 quid....
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[iooi]

[Wafer_Thin_Ham]

They'd probably only bother to check the database in the event of another claim. Then you'd get royally shafted. More the fool him for claiming on a bike woth £500 IMO.
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[Rogerborg]

Yup, that was an expensive lesson.

Insure the bike as being worth £500 (or the lowest value they'll accept), get prices for 3rd party only, or TPFT but with a £500 excess - i.e. you won't be claiming on fire and theft - fit and list a cheapo £20 alarm/immobiliser, list it as garaged, with an Almax 4 chain and ground anchor. Yes, the price will come down, even though none of those factors are relevant to 3rd party risk.

Is that fraud? I dunno, that's for a court to decide. But it's clearly no more unreasonable than insurers increasing 3rd party risk just because you've suffered a theft.
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Biking is 1/20th as dangerous as horse riding.
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[P.addy]

[iooi]

[reddeviljp]

[quote="##Paddy##"

In terms of insurance, they check after you take the policy out... they phoned me to say I had put an incorrect day in for a claim... I hadn't they were just retarded [/quote]

Generally, by their nature, I've never known an insurance company to treat people fairly. Wazzocks the lot of them and got to agree with the retarded bit; beyond belief.

[spyuggy]

[dannyjohnson]

They'd probably only bother to check the database in the event of another claim,I agree
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dannyjohnson