Our pick would be Velosurance, since they’re cyclists at heart and truly understand our issues. Comparing cycle insurance policies can be a complicated and frustrating task. Just the transaction fees, typically. We can now offer you our fantastic bicycle insurance, designed to keep your pedal bike insured at home or away, against theft, damage and accidents. by AmTrust Europe Limited. They don’t have a BBB profile, but they have a 4.2/5 star rating on Facebook, which is quite good. We wrote the program! Whether you are a commuter or a seasoned triathlete, there’s no need for specialist mountain bike insurance, eBike insurance, or road bike insurance … Most standard travel insurance doesn't cover you for racing abroad or if you are on a cycling holiday. Pedal assist e-bike with top assisted speed of 20 mph; Throttle assist e-bike with top assisted speed of 20 mph; Pedal assist e-bike with top assisted speed of 28 mph; Electric bike motors … In addition to providing damage, injury, liability insurance for bicycles, the Pedal Power program can also extend coverage for competitive bike … Unless you bought a very cheap electric bike, chances are you shelled out a couple thousand dollars…or more. In contrast, John Lewis Finance includes accidental damage to bikes when you select their bike insurance add-on. Based on our findings above, you’re going to get the exact same coverage no matter what company you use. One quote was for the bare minimum, with no additional coverage for liability, medical, or vehicle contact protection. Wiggle Cycle Insurance is designed specifically to protect cyclists. Covers bodily injury following an accident whilst cycling. There can also be limits on whether accidental damage cover applies in the home or outside it too. I certainly think so. They don’t do anything but bike insurance, and I’d trust a targeted, niche expertise like that over a larger company. Again, if you can afford the fallout, then it may not make sense, but otherwise I’d recommend getting a quote from Velosurance. Bicycle liability (if you hit/hurt/damage something/someone, they will cover up to $100,000), Medical payments (this can help you pay medical bills, up to $10,000), Vehicle contact protection (if you hit a vehicle that isn’t properly insured, this can help cover your costs, up to $25,000), Worldwide physical damage (up to the cost of your bike), Roadside assistance (towing services, administered by Nation Safe Driver approved service providers), Throttle assist e-bike with top assisted speed of 20 mph, Pedal assist e-bike with top assisted speed of 28 mph, Bicycle Physical Damage (Including Theft), Competitive Event Fee Reimbursement (Free). That's where Pedal Power can help, and it is why OASIS Outdoor Adventure and Sports Insurance Solutions Inc. created the specialized Pedal Power bicycle insurance program for your pedal bike. This includes everyday riding, training, racing, and participating in cycling events or activities organised by Pedal Power or any other organisation – unless you are riding for work. Our pedal cycle option covers the cost of loss or damage to bikes and bike accessories belonging to you or your family. Good value too, Markel has an A+ BBB rating, but generally lower reviews. This is the main company behind the insurance offerings of the other companies on this list. You probably wouldn’t drive your car without insurance (if it was legal to do so! 66539) and is authorised and regulated by the Guernsey Financial From the freedom of riding along the UK’s roads to saving money on train fares and petrol, cutting down on pollution and improving your health and fitness, pedal power sure is attractive. If you don’t like the idea of paying a substantial lump sum in case you are at fault for causing an accident or injury, then paying a small monthly or yearly fee for insurance can seem like a no brainer. Authority and the Prudential Regulation Authority, We believe we can’t be beaten on price, cover and service, Rated Excellent by cyclists across the country, We’ll cover and pay out faster than anyone else. This could be because they are a much bigger company, and it’s hard to say whether most reviews are coming from upset customers, whereas Velosurance seems to have more of a fan base of cyclists, since it is a company started by avid cyclists. The website in Can you afford to buy another one if you got in an accident? Before you take out a specialist electric bike insurance policy, check your home insurance to see what cover you have for pedal cycles. We’ve been dedicated to cycling insurance since 2014. We’re using a $500 deductible in all cases, although you chould choose $200 or $300, which would slightly increase your premium. With our home insurance you can choose from a range of additional cover options. Recommended to you based on your activity and what's popular • Feedback Here’s a table from Velosurance’s site, comparing homeowners insurance vs. a dedicated eBike policy: A couple of important notes from the Velosurance quote web page that may alter your quote: They offer payment plans so you can pay one year upfront, 2 payments per year, 3 payments per year, 6 payments per year, or monthly. Optional Liquor Liability. Required fields are marked *. That makes sense, as they’re all being underwritten by the same company. Everything that applies to Markel, above, will apply to Spoke. If you're one of those unlucky enough to find your bike damaged in a collision or stolen, bicycle insurance could prevent you having to cover the cost of repairs or replacement yourself. We found 3 main insurance companies that clearly offer eBike insurance online, although they are all underwritten by the same company. Electric Assist or Pedal Powered. of Guernsey under the Companies (Guernsey) Law 2008 (Company number Paying upfront will save you a few dollars, but not much. For instance, some of the best pedal bike insurance policies include cycling liability cover, meaning the insurer could cover the cost of legal fees and compensation payments if the cyclist injured a … An amazing experience from start to finish. And for a more affordable eBike, we used the same parameters as above, but said that our electric bike was worth $2000. We went through the process of filling out the online quote forms for Velosurance, Markel, and Spoke. It’s really easy, and we were able to do a bunch of quotes for this article in just a few minutes. Our smart insurance provides cover for outstanding value, at a fixed If you’re looking for a better experience dealing with people who think like you and ride like you, I’d recommend going through Velosurance, simply because they’re a company by cyclists for cyclists. Bicycle or pedal cycle insurance covers the cost of replacing or repairing your bike if stolen or damaged outside the home. The website and quote experience are better, in my opinion, than Markel or Spoke. Our bike insurance includes cover for theft and accidental damage, as well as … Compare and Buy Pedal Cycle Insurance This policy covers loss or damage to pedal cycle and liability to third party. If your bike is accidently damaged or vandalised, we’ll cover the As mentioned above, we found that each of the following three options were actually part of, or underwritten by, the same company: Markel American Insurance Company. Liability Limits Starting at $1 Million. amount each month so you’ll always know how much you’re paying. Pedalsure provide me with an outstanding level of cover and We’ve been dedicated … You … We then ran the same calculations, one with no added coverage, one with all the coverage, minus roadside and worldwide coverage. This means that there wasn’t a lot of difference when it came to getting a quote, in our experience. The benefits of cycle insurance from cycleGuard Whichever type of bike you ride, we can help provide the cover you need. Most contents insurance policies that include bikes have … … As part of the Blue Insurance Group, we have proudly … The Spoke website and sign up process is virtually identical to Markel’s, and is hosted on the same website. particular is exceptionally good and is very well crafted. At Bikesure, one of our biggest strengths is that we aim to say yes to everyone; whatever you ride or drive, we will try to help. Physical Damage to Bikes. Quote Example 1: The Bare Basics, $8000 eBike, Quote Example 3: The Bare Basics, $2000 eBike. Registration Number 2522730 Cover Section 4 do and we know what it takes to offer the most comprehensive cover costs. Looking at reviews online, it seems that Velosurance has few, but generally positive reviews, including a number of positive reviews from users on Reddit. A Pedal Power policy keeps your bike insurance coverage separate from your Homeowners/Condo policy protected your claims free status while provide a lower deductible option than applicable on … They offer coverage for: Here’s a table from Markel’s site, comparing homeowner policies vs. a dedicated eBike policy: Markel now offers coverage for three classes of e-bikes: Electric bike motors must be 750 watts or under. Markel may have a great product (good enough for Velosurance to use! Pedal cover is a pocket size insurance for cyclists that provides a lump sum benefit in case of death/permanent partial … While some local insurance companies may offer a policy that covers your eBike, very few are advertised, and many insurance companies are not prepared to offer this new service, mostly because the laws around electric bikes are either non-existent in some states, or new and untested in others. Health Products ; Network Hospitals ; Empaneled TPA ; Hospital Empanelment ; Online Products . PEDAL CYCLE INSURANCE SECTION I – LOSS OR DAMAGE The Company will Indemnify the Insured against loss or damage to any pedal cycle described in the Schedule hereto (including its accessories … If you cycle, you don't always need bike insurance – but lack of cover could put a nasty spoke in your wheel if the worst happened. ), but they are a large insurance company and likely more “faceless” than you’d experience at Velosurance. premium. liability covers you. 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