Is Velosurance an all-risk policy?
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Yes, the Velosurance core policy is all-risk, meaning anything not specifically excluded is covered. It protects your bike against sudden, accidental loss or damage: crash and accidental damage, theft (subject to the policy's locking conditions), and loss or damage in transit by car, airline, or courier. Fault does not affect the claim, so a crash you caused is handled the same way as one you did not.
Your bike is insured at stated value with no depreciation, and physical damage claims are subject to your deductible. All-risk describes the protection for the bike itself. Liability, medical gap, uninsured motorist, racing, and worldwide coverage are optional, and each must be elected before the accident to apply.
How does all-risk compare with a named-perils policy?
An all-risk policy starts from covered: a sudden, accidental loss to your bike is paid unless an exclusion applies. A named-perils policy works the other way, paying only for the causes of loss it lists, so anything missing from the list is left out. With all-risk, the exclusions set the boundaries, and you can read them before you buy. The full wording is in where to review the policy document.
What to know about exclusions in an all-risk policy
The exclusions are written into the policy, so you know where coverage stops before you ever file a claim. They include wear and tear, mechanical breakdown, cosmetic damage that does not affect function, and commercial use such as delivery or courier work, which suspends coverage. Theft is covered when the policy's locking conditions are met, and every theft claim requires a police report, so file one the same day. The details are in theft coverage conditions and is cosmetic damage covered.
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