Why is Velosurance superior to other insurance for bikes?
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A Velosurance policy insures your bike at its full declared value and never depreciates that value for any reason. The policy also covers the insured bike for all types of accidental damage, no matter how the accident happens.
That combination is what sets it apart: there simply is no other insurance for bikes that even comes close to the coverage offered by a Velosurance policy. The side-by-side is on how we compare.
What does a no-depreciation payout look like?
If a five year old $5,750 bike insured with a $200 deductible is stolen, the reimbursement will be $5,550. The bike's age never enters the math: the insured value you declared is the value the claim is settled on, minus only your deductible. How that differs from a depreciated payout is covered in how depreciation affects your payout.
Why does the difference matter for a high-value bike?
An expensive bike deserves insurance built to replace it in full, and a Velosurance policy is priced and written for exactly that job. The caveat worth knowing: it often takes a claim to see how poorly other forms of insurance cover a high-value bicycle. If you own an expensive bike, don't buy cheap insurance.
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