Your e-bike is worth to us what it’s worth to you. We do not depreciate your e-bike so in case of a total loss you can get yourself a bike of similar value
Your e-bike is covered if it’s damaged in a crash. On a road or trail, a group ride or a race, if it’s damaged in an accident, it’s covered.
If your e-bike is stolen from your home, car, workplace or any other secure location,
it’s covered.
The cost to insure an electric bike is no different than insuring a pedal-power bike and the Velosurance cyclist policy offers the same coverage to both bicycle types. If you expect to be spending a bit of time in the saddle and want to ride with peace of mind of knowing you’re covered for a myriad of situations, consider bike insurance.
One of the unfortunate possibilities is being involved in accidents that result in damage to your e-bike or cause medical injuries to those involved. The Velosurance cyclist policy insures against accidental damage to the bike, and the optional liability coverage protects the rider from injury or damage claims. Home and renters insurance policies aren’t designed to specifically provide bike coverage and many of them exclude coverage altogether if the bike has an electric motor. One way to plan for the unexpected during your ride is to solicit help from someone who has experience with unexpected cycling situations.
Avid cyclists, the founders of Velosurance recognized the need for insurance protection that is specific to a rider’s needs, whether a bicycle is electric-assist or pedal-power. Our policies are highly customizable and intended to protect riders from the risks associated with their lifestyle. Coverage is available in the US to insure all electric-assist bicycles with a functioning set of pedals and electric motors up to 750 nominal watts. The policy also covers bicycles that are retrofitted with electric motors up to 750 nominal watts. The policy insures the cyclist anywhere in the US, Canada, or anywhere in the world with optional Worldwide Coverage.
Most states in the USA follow the Federal government's definition for what defines an electric powered bicycle, most commonly termed as e-bikes, and e-bikes are classified with a simple, straightforward approach known as the “3-Class” system. A Velosurance e-bike policy is available to cover Class 1, 2, and 3 e-bikes with an all risk, stated value policy that does not depreciate the bike value no matter when the bike was purchased. Medical Payments, Personal Liability, and Uninsured Motorist limits are available as optional coverage.
E-bikes that are pedal-assist only, with no throttle, and have a maximum assisted speed of 20 mph
E-bikes that have a maximum speed of 20 mph as well, but are throttle-assisted.
E-bikes that are pedal-assist, may have throttle(in many states), and a maximum assisted speed of 28 mph.
Velosurance core policy offers must-have e-bike protection such as accidental damage, theft, or loss in transit. Each policy can be customized by adding additional coverages such as liability protection, uninsured motorist coverage, and medical gap coverage.
Bikes are very easy to steal and equally difficult to recover and a hefty U-lock doesn’t guarantee that your bicycle will remain yours when you return. Velosurance provides the peace of mind when your bike is stolen or damaged in the process.
The cyclist insurance policy will pay to replace the bike when the bike is accidentally damaged beyond repair. If the damage can be repaired, the policy will pay all the costs associated with the repair. Cosmetic damage is excluded.
If your travels take you outside of the USA and Canada we can extend the policy's physical damage and theft coverage worldwide for a reasonable additional premium. This also covers the bike while in transit by the airline.
If you’re hurt, we'll cover some of your medical bills, up to the policy limit. This coverage pays to supplement the deductible of your personal health insurance policy.
Bikes often get damaged in transit, by airline and courier services alike. Filing a claim with these is a notoriously difficult process with a questionable outcome. Velosurance covers your bike while it is on it’s way to your destination.
We will protect you from personal liability (injury, sickness, death, or damage to property) you cause while riding your bike. Coverage limits offered: $25,000, $50,000 or $100,000 per occurrence.
Not all types of insurance are created equal. Velosurance levels the playing field by offering a stand-alone e-bike insurance policy, where claims will not affect your homeowner or renters policy premiums.
| Policy Coverage | Home Owner/RentersPolicy |  |
|---|---|---|
| Insured at Full Value | Possibly | Yes |
| Crash Damage | No | Yes |
| Theft Coverage | Limited | Yes |
| Theft Away From Home | Possibly | Yes |
| Vehicle Contact | No | Yes |
| Personal Liability | Possibly | Yes |
| Replacement Bike Rental | No | Yes |
| Event Fee Return | No | Yes |
| Cycling Apparel Insured | No | Yes |
| Medical Payments | Possibly | Yes |
| Racing Coverage | No | Yes |
| Electric Assist Bicycles | No | Yes |
| Bicycle Airline Shipping Coverage | No | Yes |
“I had a very expensive e-bike stolen when I was on a trip to Minneapolis. I filed a claim and got a response right away. The process was easy and my Ebike was covered fully. I am so grateful that I bought this insurance. Otherwise, I would’ve been out $11,000. Instead, I am able to buy a new bike and I couldn’t be more satisfied with the level of service.”
The Velosurance mission is to be fair to everyone involved, and to offer our best advice to clients so they can make an educated decision about their bicycle insurance coverage. We also like to ride as much as possible.
Bicycle prices increase every year and cyclists who are serious about their sport are spending big money on high-value e-bikes. Other forms of insurance, like homeowners and renters insurance, do a poor job insuring high value electric bicycles so we founded Velosurance to fix that.
Whether on a crowded city bicycle commute or a country road backpacking trip, cyclists take on a variety of risks whenever they hop onto the saddle. That’s why Velosurance offers a multi-risk, stated value bicycle insurance policy to e-bike owners.
Velosurance provides a stand-alone, no bike value depreciation, bicycle insurance policy to replace the cobbled together, sub standard coverages offered by traditional insurance.
We are cyclists just like you, and we understand that when your bike gets damaged in an accident you want the shortest possible downtime. We make it our mission to see that your claim check arrives before the repair parts do and you get back pedaling as soon as you want to.
Velosurance is a national insurance program founded by two avid cyclists, Dave Williams and Denis Voitenko in response to the insurance needs of bicycle riders nationwide.
One very rainy day at a local taco joint in Fort Lauderdale we started discussing how badly home and renters policies insured bicycles. We knew there had to be a better way so we set about finding out how we could take a traditional piece of insurance and make it better, much better. On that wet day over tacos, Velosurance was founded.
We partnered with Markel American Insurance Company, an A.M. Best, A rated, US insurance company, and a leader in recreational insurance, to offer a multi-risk bicycle insurance policy providing protection to all types of cyclists, and with none of the silly restrictions that other insurance wants to place on riders.
We are riders and insurance experts who give advice and share insights to educate fellow riders and keep them safe while on road or trail. We want you to become a better rider by helping you understand and manage risk associated with your lifestyle.
Members of USA Cycling, USA Triathlon, and International Mountain Bicycle Association (IMBA) receive discounts on Velosurance bicycle insurance products.
Velosurance provides bicycle insurance policies in the following states: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, D.C., Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, North Carolina, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin.
Disclosure: The information available in this website is intended to give the user a general over view of the cyclist insurance policy and nothing in this website will amend, change or modify the wording of the issued policy. Please review the complete policy wording here.
