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    Brompton Folding Bicycle

    No lock+insurance

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    13 Comments

    1. Deviantdefective on

      Insurance will absolutely not cover you when your out and about unless you’ve locked your bike to something. Most will also ask to see proof the lock was broken off as well.

    2. CandidLiterature on

      You’ll need to check the terms of your insurance. Most would cover a snatching if it happens in your direct line of sight within X metres of you.

      If by ‘keep it with me’ you mean bring it inside then leave it out of sight in some cupboard or under your desk. Then no, if you come back from the toilet or a meeting and it isn’t there, your insurance will not be paying.

      While it may feel less secure to you, you’d likely be better to just lock it up to an immovable object with a properly rated lock.

    3. Brompton-Explorer on

      Remember insurance is a legalised protection racket where you bet against yourself. You make payment for a “promise”, but when disaster strikes, the company uses fine print and delayed payouts to keep your money, only one side gets rich. Not using a lock is the fine print that will stop them paying, having the key to a lock and saying you locked it is a way to circumvent it. In life the good people have highway men either side of the road.

    4. Familiar9709 on

      If you never lock your bike why would you need a lock? That doesn’t make any sense. 

      How expensive is the lock though? It may be better to just buy it and keep proof of purchase. Maybe you could get away with buying it and returning it. 

      Anyway, a lock is useful, there’s going to be some time when you lock the bike.

    5. lontrachen on

      Bike insurances in (in germany) only cover theft if yo prove you had/have a bike lock that is reasonable for the value of the bike, so if you get a 2k bike you can’t have a 5€ lock.

      And they ask for proof, so keep the receipt.

      Otherwise insurance won’t give you money back

    7. drnullpointer on

      Hi. I am a risk expert (work on investment risk systems for large financial institutions).

      It makes absolutely no sense to buy an insurance for a bike, unless this bike is your source of income and in case you lose the bike you would lose that income and not be able to replace the bike quickly enough.

      Insurance companies do not sell insurance for free. They get a lot of money, basically in two ways:

      1. They calculate that the money you will pay for the insurance is more than the risk of losing the bike.
      2. They calculate that if you lose the bike, they are likely to be able to deny the claim either through exclusions in the insurance contract, through burden of process that you will not want or be able to follow through, through discouraging from claiming insurance due to other consequences (insurance premium on future insurance) or through denying your claim due to process mistakes.

      Additionally the point of owning a Brompton is that you do not have to leave it anywhere. This *substantially* reduces the risk that you will lose the bike. But the insurance is calculated on much higher likelihood of you losing the bike and therefore you are likely overpaying on insurance.

      So if you plan on carrying the bike with you and never giving thieves a chance to steal it from you, the insurance is a really poor deal.

    8. Due_Duck_8472 on

      Thieves dont understand it’s a bike anyway, I never lock it unless thieves are around

    9. WIldefyr on

      I don’t pay for insurance because it only ever covers the scenario of the bike being locked up and it stolen from you. Which is 1. Unlikely to ever be the case if you have a Brompton and 2. Far more likely that someone comes up to you with a weapon and mugs the bike off you which isn’t covered.

    11. Agreeable-Risk-1599 on

      i didn’t take any insurance on mine because i keep it near ne always. Maybe the insurance and the lock is needed only if you leave it alone at some point

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