So Laka bike insurance is tried and tested now (unfortunately!!). Two of my friends have had issues resolved very quickly. One attempted theft with handlebars taken and bike written off due to thiefs damaging the carbon frame. The other a whole bike theft. Both times Laka were straight on it once claims were raised and two new bikes were delivered asap.
Insuring £5000 worth of bikes for me is coming in under £14 a month on average (here is the expalnation of how it works: http://help.laka.co.uk/billing/how-we-calculate-your-share)
They cover racing as standard which isn't the case for many insurers. You also get free liability insurance.
If you sign up via my referral link we'll both £25 off cover https://get.laka.uk/96WM4.
And as per John, I'll owe you a beer!