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Home insurance companies that have the best coverage for bikes?

June 19, 2019, 8:16 p.m.
Posts: 87
Joined: Dec. 6, 2017

The current home insurance company I'm with, only insurance each bike to $1000. What home insurance companies have the best policy/coverage on bikes? My insurance is due next month, so looking for more coverage because $1000 isn't much!

Thanks

June 19, 2019, 10:45 p.m.
Posts: 34280
Joined: Nov. 19, 2002

They have $1000 coverage,  but you then have to pay a deductible that's typically around $500, leaving you with a net of $500.  Lame.

I recently called up TD and bought content insurance through them.   Their basic coverage is $1500 per bike.   They were also $430 for a year,  whereas my previous insurance company wanted $740.

June 20, 2019, 5:56 a.m.
Posts: 156
Joined: Jan. 2, 2018

Funny, literally last week I had to redo my house insurance and did a search here. Theres a thread in off topic about it, most people recommending TD (monnex meloche). 

They were literally half the price I was paying through intact (got discounted rate thanks to professional association memberships) and I got $6000 per bike, only had $2000 with intact. 

So, I'm happy at this point. Hopefully I don't have to use it, but I've heard that as far as insurance companies go (they all suck really) they are pretty good to deal with.

June 20, 2019, 7:40 a.m.
Posts: 1200
Joined: April 25, 2003

Another vote here for TD/monnex. They always seem to have the best coverage for fancy toys.

June 20, 2019, 8:51 a.m.
Posts: 87
Joined: Dec. 6, 2017

Posted by: Kenny

Funny, literally last week I had to redo my house insurance and did a search here. Theres a thread in off topic about it, most people recommending TD (monnex meloche). 

They were literally half the price I was paying through intact (got discounted rate thanks to professional association memberships) and I got $6000 per bike, only had $2000 with intact. 

So, I'm happy at this point. Hopefully I don't have to use it, but I've heard that as far as insurance companies go (they all suck really) they are pretty good to deal with.

Did you have to pay extra for the $6000 coverage?

June 20, 2019, 8:56 a.m.
Posts: 270
Joined: Nov. 25, 2013

No, mine was included in basic house insurance.

June 20, 2019, 10:58 a.m.
Posts: 412
Joined: Jan. 31, 2005

Posted by: Taz123

No, mine was included in basic house insurance.

You got $6k of bike coverage included in your basic house insurance??

June 20, 2019, 11:45 a.m.
Posts: 1432
Joined: July 11, 2014

BCAA is $2k per bike and you can add $3k for another $75ish a year. 

TD still looks like the way to go, but another option at least.

June 20, 2019, 11:52 a.m.
Posts: 177
Joined: Feb. 24, 2017

I’m lucky a our home owners policy has no limit for bikes. But we have what they refer to as a high value home policy. The house wasn’t that way when bought it, but it is now. We went through Westland Insurance Group.

June 20, 2019, 11:52 a.m.
Posts: 1037
Joined: Nov. 23, 2002

Posted by: craw

Posted by: Taz123

No, mine was included in basic house insurance.

You got $6k of bike coverage included in your basic house insurance??

Yup, that’s their deal. Since I’ve had their coverage the cost has increased every year however, by about 75% over what I first paid. Part of that is also due to switching my coverage to include business use to cover equipment for my business though. It’s still the best deal around though for bike coverage with not needing to add a separate rider for them.

June 20, 2019, 9:06 p.m.
Posts: 270
Joined: Nov. 25, 2013

Yes, it was covered under base with TD Meloche.

The only thing I don't know is whether or not it was related to my professional organization membership deal or not.

June 21, 2019, 5:33 a.m.
Posts: 87
Joined: Dec. 6, 2017

Thanks.

I'll check out TD/Meloche, are they based out of any TD bank?

June 21, 2019, 7:52 a.m.
Posts: 270
Joined: Nov. 25, 2013

I did it all by phone - it was dead simple.

June 21, 2019, 8:08 a.m.
Posts: 156
Joined: Jan. 2, 2018

Posted by: Taz123

I did it all by phone - it was dead simple.

Same. Got the quote online and then called the number. Rep went through it all and was super easy to deal with.

June 21, 2019, 11:04 a.m.
Posts: 87
Joined: Dec. 6, 2017

Thanks

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