Bicycle Insurance For Theft

Under personal property coverage on most home insurance policies your bike may be covered for what it s currently worth.

Bicycle insurance for theft. A good quality entry level e bike costs upwards of 1 000 an average value e bike runs around 3 000 and a high end e bike costs as much as. We will cover you and your bike from as little as 2 77 per month based on a bicycle up to a value of 250 and less than 3 years old. Yes bike theft is covered by home or renters insurance with a few caveats. These provide damage theft coverage for your bike personal injury insurance and third party liability should you damage other property or people.

Policy wording may differ but most will cover your bike against theft whether left inside or outside the house if your bike is secured properly with an approved lock. That said firms that offer specialist bicycle insurance are becoming more prevalent for the increasing number of cycling enthusiasts. E bikes can be expensive. However depending on the value of your bike and your deductible it might not make sense for you to file a claim.

We will also cover you and your bicycle for damage theft and personal accident. Velosurance offers the availability of a multi risk stand alone insurance policy allowing cyclists to insure their bikes for theft physical loss damage and liability. A bike falls under your personal property section of your home or renters policy and theft is a covered claim. The two big players in the bike insurance game are markel and velosurance.

Like home insurance specific bicycle insurance will require good theft prevention precautions are in place but will probably cover the bikes in more locations such as in a car or place of work. Below are some useful examples on how bicycleinsurance ie can help you. Recommended specialist bike insurance policies. Whether at your home on your auto riding the trail or the road bicycles are rarely covered for theft or damage.

Just like renters and homeowners insurance these policies will cover you for theft damage and more but they ll also cover the cost of emergency situations on bike courses as well as medical expenses that result from bike related accidents. If you own an electric bicycle or are planning on buying one then you know it s a significant investment. Low cost insurance cover. You re typically protected if the bike is stolen or vandalized pretty much anywhere including your home garage at the park etc.

Let s take a closer look at why e bike insurance is a good move.