While it isnt a direct replacement for a car, more people should consider purchasing an e-bike rather than another EV.
Velosurance is a national insurance agency founded by two cyclists in response to the insurance needs of bicycle riders nationwide. We partnered with an A.M.Best “A” rated, US insurance company to provide a multi-risk policy offering protection to all types of cyclists.
All-risk bicycle insurance for triathletes
Velosurance on 
Free instant quote
customer rating on
Best insurance for triathletes
Whether the accident is a simple mishap or a someone's negligence, and if it happens on a ride, at home, or in transit, it's covered.
Crash Damage
Your 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.
Theft Coverage
If your bike is stolen from your home, car, workplace or any other secure location, it’s covered.
Damage or Loss in Transit
If your bike is damaged or lost in transit by an airline or a courier, or even falls off your car rack, it’s covered.
Velosurance for triathletes
Triathletes are a special bunch and their toys are no exception. Both the amount of time and money spent on a bike is significant, enough to make those not “in the know” question your sanity. To you, your bike is an important part of the lifestyle: it is your ally, a training partner, a means of escape and reprieve, a way to improve and progress.
Due to the nature and purpose of their existence, triathlon bikes are subject to some niche risks. Triathlon bikes are significantly more expensive than most bikes, and while exceptionally fast, they aren’t nearly as nimble as their roadie cousins. Triathletes travel with their bikes more than any other bike owners, often internationally. They often train solo and ride for significantly longer distances, in aerobars, in the wee hours of the morning. When they finally come out to race, these magnificent machines are left unattended in transition areas for hours, if not overnight.
Whether you’re a newbie who just caught the multisport bug, a middle of the pack amateur, or have numerous Kona Qualifiers under your belt, our policy is here to cover the risks specific to your awesome lifestyle.
Protect your bike from theft
Your bike is covered for theft from all secure locations, at home or away, and even a race transition area.
Bicycle theft isn’t new, but has increased significantly to coincide with the recent bicycle boom. While triathlon bikes weren’t at the top of bike thieves' wish list, they have certainly moved up since the sport is undergoing a renaissance in popularity, aptly being named “the new golf.” To make matters worse, the recent parts shortage has raised the stakes on bikes that are made predominantly of high-end parts.
Theft risk for triathlon bikes is quite unique: for bikes that are designed to be ridden for long distances, they spend a disproportionate amount of time unattended. They are often left in vulnerable situations, be that on a car rack during brick workouts or in the transition area during races, sometimes overnight. The highly unique design of these bikes makes them especially enticing to thieves: they are as expensive as they look.
Our policy covers your bike for theft from both your house as well as any secure location, such a race transition area. If the bike must be left unattended elsewhere, you must secure it to an immovable object, such as a cemented bike rack or a car bike rack.
Velosurance, protecting you and your triathlon bike
With racing being a significant part of the lifestyle, triathletes must be prudent to protect their bike against mishaps and themselves against liability, especially in a race situation. Velosurance policy offers flexible coverages that can be customized to one’s risk tolerance. Those who love racing internationally can extend this coverage worldwide.
Damage in transit
Your bike is covered for damage whether it's on your car or in possessoin of an airline or a postal courier.
The nature of the triathlon lifestyle is that it involves quite a bit of travel. Triathletes plan their racing season around destination races and train with the goal of achieving peak performance around those dates. These destination races often require extensive, often international travel, and significant logistics, such as arranging lodging and car rental. The expense for such trips is measured in thousands of dollars. Should the bike not arrive at the destination or arrive damaged, your trip effectively turns into a vacation and you become a spectator.
The bicycle insurance policy from Velosurance covers triathlon bikes for loss and damage in transit. This coverage encompasses all types of transport, it’s covered when it’s on a car rack or in possession of an airline or a postal courier. If you elect to ship your bike to your destination with FedEx, UPS or a dedicated bike shipping company such as TriBike Transport, BikeFlights or ShipBikes, you do not have to purchase their optional but pricey insurance.
Rental and event fee reimbursement
If your bike doesn't arrive to the race, your day can be saved with rental or event fee reimbursement.
Since triathletes often travel far away from home to race, should the bike arrive damaged or not arrive at all, the race is effectively ruined. Considering that months, if not years of training lead to some of the races, this is a hard pill to swallow. This is where Velosurance steps in to save the day…
If you’re lucky enough to arrive at your destination a few days before the race, you should attempt to find a rental bike to race on. Fortunately, most races take place in or near large cities with a plethora of bike shops. Start calling immediately and with enough luck, you’ll be able to race. Best of all, Velosurance will reimburse you the rental fees.
If your bike doesn’t arrive and the fortune doesn’t smile on you with a rental bike, you might as well accept that your trip is now a vacation. While we can’t make everything perfect, we will reimburse the event entry fees, up to $500 per event or $1,000 per policy period, without a deductible.
Coverages and Features
Velosurance core policy offers must-have 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.
Total loss by theft
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 peace of mind when your bike is stolen or damaged in the process.
Medical coverage
If you’re hurt and require medical attention, our policy's optional purchase medical payments will cover your medical bills, up to the policy limit. The policy medical payments are paid directly to you to supplement the deductible of your personal health insurance policy.
Any crash or accidental damage
Our policy will pay to replace the bike when it is accidentally damaged and beyond repair, including damage that occurs while being carried on or in your vehicle. If the damage can be repaired, the policy will cover all the costs associated with the bike's repair, including tax, labor, and shipping. Cosmetic damage that does not affect the bike's safety is excluded.
Damage or loss in transit
Bikes often get damaged in transit by personal vehicles, airlines, or courier services. Filing a claim with the airlines and courier services is a notoriously difficult process with a questionable outcome. Our policy covers the insured bike for loss or damage while it's on its way to or from your destination by air or road. Even if the bike falls off a vehicle bike rack or is hit in a rear-end accident, it is covered, no arguments.
Electric bicycle coverage
We cover all electrically assisted Class 1, 2, and 3 bikes with a maximum assisted speed of 28 mph. All coverages available for conventional bikes also apply to e-bikes.
Liability protection
Our policy optional coverage purchase will protect and defend you from your personal liability (injury, sickness, death, or damage to property, including fire damage) that you are found legally liable for. Coverage limits offered: $25,000, $50,000, $100,000, or $300,000 per occurrence.
Worldwide coverage
If your travels take you outside of the USA and Canada, our policy can be extended, at a small additional premium, to cover physical damage, such as a crash, and will also cover theft as well as loss or damage by an airline.
Our shop or yours
When filing a claim you’ll need to provide a repair estimate from a bike shop. We have a nationwide network of partner bike shops that are familiar with our process and can help you speed through your claim. If you prefer to work with your favorite bike shop, that works too.
Gear and apparel
If your insured bike is damaged in a crash, our policy covers the bike as well as your apparel, such as helmets, shoes, glasses, or riding kits, that were also damaged in the crash, and will pay up to $500 per accident and $1,000 per policy term. Spare parts that are not installed on the bike, such as a spare wheelset, are also covered for loss or theft up to $500 per loss and $1,000 per policy term.
Your choice of lock
We do not dictate what type or brand of a lock must be used to protect the bike from theft. You are welcome to use any lock that you trust. The best security is provided when securing an unattended bike with metal locks combined with a high-quality chain. Securing your bike to a solid and immovable object, such as a bike rack, with a high-quality lock will send a bike thief onto the bike secured with a more vulnerable lock.
No depreciation
Our policy never depreciates your bike's insured value. Depreciation is a hidden deductible that increases every year, and is applied if the bike is stolen or totalled. No one is ever happy with a depreciation (actual cash value) insurance settlement: the bike is first devalued and then a deductible is applied, resulting in a reimbursement that is far less than it takes to replace the bike. The policy will reimburse you, without depreciation, for the cost of a replacement bike that is of like, kind, and quality, similar to your totaled bike.
24/7/365 coverage
Our policy covers the insured bike(s) at all times, anywhere in the USA and Canada, and can be extended worldwide on request. There are no exclusions on time of day, or limitations on how long a bike could be stored away from home. 24/7/365 means every minute of every day, no matter where or when.
Standalone bicycle insurance
A standalone policy does not piggyback on coverage provided by the policies you may already have, such as home insurance. A claim against our policy will not reflect on your insurance score and will not affect your rates with other insurance carriers. With home insurance rates going up every year, it’s prudent to reserve your claim for when you really need it, because no matter how expensive your bike is, it’s a lot cheaper than a kitchen fire or a basement flood.
Uninsured Motorist Coverage
One of the scariest things that can happen to a cyclist is getting hit by a car. This coverage will cover medical expenses, physical therapy, mental health services, lost wages, and other expenses that arise from a bicycle-car accident.
Permissive Use Policy
You can lend the bike to anyone you choose and it will be covered. The bike and the person riding the bike are covered as if it were you riding it – this includes theft and crash damage as well as any purchased optional coverages.
Why Velosurance is best for your triathlon bike
Not all types of insurance are created equal. Velosurance levels the playing field by offering a stand-alone bike insurance policy, where claims will not affect your homeowner or renters policy premiums.
| Policy Coverage |  | Homeowner/Renters Policy |
|---|---|---|
| Insured at Full Value | Yes | Possibly |
| Crash Damage | Yes | No |
| Theft Coverage | Yes | Limited |
| Theft by Force | Yes | No |
| Theft of Accessories | Yes | Limited |
| Theft Away From Home | Yes | Possibly |
| Vehicle Contact | Yes | No |
| Personal Liability | Yes | Possibly |
| Permissive Use Policy | Yes | No |
| Replacement Bike Rental | Yes | No |
| Event Fee Return | Yes | No |
| Cycling Apparel Coverage | Yes | No |
| Medical Payments | Yes | Possibly |
| Racing Coverage | Yes | No |
| E-bikes | Yes | No |
| Coverage in-transit | Yes | No |
| USAC, USAT and IMBA Member Discount | Yes | No |
| FREE INSTANT QUOTE |
Not all insurance policies cover bikes equally and it often takes a claim to find out that your bike isn't covered. We did the hard work and read all the fine print. To see the difference, see bicycle insurance comparison.
Customer Stories
Client satisfaction is our #1 goal. Here's what our clients say about Velosurance
"Thank you so much to Velosurance!! My Ebike was stolen recently while on a trip to Minneapolis.. I was so bummed to lose it and I wasn't sure if it would even be covered.. Dan Madsen and Velosurance were very understanding and covered my claim in full.. "
Piper D
Baltimore, MD
"Velosurance is great! I’ve had them for 5 years now and it gives me peace of mind knowing that I have my bike stuff covered. I have made a few claims and everything was taken care of and solved in a timely manner. Definitely recommend getting velosurance. "
Steven G
Los Angeles, CA
"I have insured my bikes with Velosurance for 10 years and had to make two claims. Once I damaged my wheels on vacation, the second I was hospitalized after a massive crash. They were incredibly responsive both times, and made a stressful time incredibly easy. "
Gary K
San Francisco, CA
Check out Velosurance reviews to see what else people are saying about us.
Contact Us
'Convinced yet? Let's make something great together.
If you have any questions, don't hesitate to get in touch with us.'
America's best insurance for triathletes
No matter where your adventures take you, protect your triathlon bike and yourself from the unexpected with America's best triathlon bicycle insurance.
Free instant quote
Our mission
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.
We are riders too
Bicycle prices increase every year and cyclists who are serious about their sport are spending big money on high value bikes. Other forms of insurance, like homeowners and renters insurance, do a poor job insuring high value bicycles so we founded Velosurance to fix that.
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.
Most popular articles
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.
Read More
12 commuting mistakes
Whatever your reason for switching from a car commute to a bicycle commute, there are a few things that new bicycle commuters often get wrong.
Read More
How to ride faster
Whether you are a road, gravel, or mountain biker, we all want to go faster. Any cyclist will tell you that a critical component to progressing as a rider is...
Read More
Ten reasons to ride your bike early in the morning
Surveys show that of Americans who regularly work out, over 50% report that their workout occurs before 10:00 A.M.
Read More
The most popular ways to travel with an e-bike
E-bikes are here to stay, as seen by a nearly 40% surge in e-bike usage since the pandemic ended, with much of that usage taking place on cycling vacations.
Read More
A beginners guide to road racing
Road races typically take place on public roads and can vary greatly in distance, terrain, and difficulty, which makes them so popular.
Velosurance discounts
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, Maine, 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, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin.