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.
Liability Coverage
We will protect you from personal liability (injury, sickness, death, or damage to property) you cause while riding your bike.
Worldwide Coverage
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.
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 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, and medical payments.
Total loss by theft
Bicycles are very easy to steal and equally difficult to recover, and even a hefty U-lock doesn’t guarantee your bike is still there when you return. Velosurance provides peace of mind if it is stolen or damaged in the process.
Any crash or accidental damage
Our policy will pay to replace your ride if it is accidentally damaged and beyond repair, including damage that occurs while being carried on or in your vehicle. If it can be repaired, we will pay all the costs associated with the bike's repair, including tax, labor, and shipping, minus the deductible. Cosmetic damage that does not affect safety is excluded.
Our shop or yours
When filing a claim, you’ll need to provide a repair estimate from a repair shop. We have a nationwide network of partner shops familiar with our process to help you move things along quickly. Prefer your favorite local shop? That works too.
Gear and apparel
If you go down in a crash, we cover your ride as well as your apparel, such as helmet, shoes, glasses, or riding kit that are torn up, and pay up to $500 per accident and $1,000 per term. Spare parts that are not installed, such as a spare wheelset, are also covered up to $500 per loss and $1,000 per year.
Your choice of lock
We do not dictate what type or brand of lock must be used to protect your ride from theft – you are welcome to use any lock that you trust. The best security is provided by metal locks combined with a high-quality chain. Securing your ride to a solid and immovable object, such as a bike rack, with a high-quality lock will send the thief onto the one secured with a more vulnerable lock.
No depreciation
Depreciation is a hidden deductible that increases every year and is applied if the bicycle is stolen or totaled. No one is ever happy with an 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 the cost of a replacement. We reimburse without depreciation, for the cost of a replacement that is of like, kind, and quality similar to your totaled bike.
24/7/365 coverage
We cover the insured bike at all times, anywhere in the USA and Canada, and can be extended worldwide on request. There are no exclusions on the time of day or limitations on how long it can be stored away from home. 24/7/365 means every minute of every day, no matter where or when.
Standalone policy
Our policy does not piggypack on any coverage you may already have, such as homeowners policies. Filing a claim won’t impact your rates with other carriers. With home insurance premiums rising each year in the U.S., it’s wise to reserve that policy for major incidents, because no matter how valuable your bike is, it’s still a lot cheaper than a kitchen fire or a flooded basement.
Permissive use
You can lend it to anyone you choose, and it will be covered. The bike and the person riding it 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 stand-alone bicycle coverage, where claims won’t affect your homeowner's or renter’s 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 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 provide the same level of protection, and many people only discover gaps in their coverage after filing a claim. We’ve done the hard work of reviewing the fine print. To see how plans compare, check out our insurance comparison.
Customer Stories
Client satisfaction is our #1 goal. Here's what our clients say about Velosurance
"Incredibly easy experience making a claim which made the overall upsetting situation of having my bike stolen much less painful than it otherwise would have been."
Alex S
"I had a really great experience with Velosurance. I communicated with Dave and he was always helpful. It’s a really bad day when something gets stolen from you, in my case it was an $1,000 Trek road bike. I’m so thankful I had insurance on the bike. After paying the deductible I would say I got about 75% of that money back. Without insurance I would have gotten nothing. I recommend velosurance to all!"
Madison L
"Your representative, Dan Madsen, was very efficient and fast on following up on my claim. This was the first time I had insurance on my bike and wondered all along about if I ever have a claim, how well it was going to be handled. Well, it was handled so well that I am recommending Velosurance to all my cyclist friends! Once I receive my new bike, I will be adding Velosurance insurance to it. Thanks to Dan and Velosurance for successfully taking care of my claim on a timely matter."
Laura G
Check out Velosurance reviews to see what people are saying about us.
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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.