do you buy bike insurance? if so, your opinion is sought…

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  • #14282
    londonplayer

    A friend who works in the insurance industry emailed me to ask me the following question. I thought I’d throw it open to the readers of road.cc to ask your viewpoint.

    “I’m involved in creating a Facebook/Google+ -oriented start-up planning to sell related and relevant financial and insurance products to groups.

    1. would you be tempted to buy, say, a bike insurance product only available to the members of the particular group, and probably at half the price of usual bike cover (which as you know costs around 10% of the value of the bike per annum)?
    2. could you imagine yourself putting together a group of (in this case) cyclists and bulk buying an insurance or other financial services product?”

    any views much appreciated.

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