While many pandemic-era cyclists stopped biking, most cities retained their infrastructure, with many temporary pop-up bike lanes becoming permanent as cycling to work continued to grow, especially in urban and...
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
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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 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.
Medical payments
If you’re hurt and require medical attention, our policy's optional purchase medical payments will take care of your medical bills, up to the selected 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 your ride if 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, 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.
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. We cover the insured bicycle for loss or damage while it's on its way to or from your destination by air or road. Even if it falls off a vehicle rack or is hit in a rear-end accident, it is covered, no arguments.
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 bike shops that are familiar with our process and can help you speed through your claim. If you prefer to work with your favorite shop, that works too.
Gear and apparel
If you go down in a crash, we cover the bike 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 year. 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 bike 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 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
We cover 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 the time of day or limitations on how long a bike can be stored away from home. 24/7/365 means every minute of every day, no matter where or when.
Standalone bike insurance
Our standalone policy does not piggyback on coverage provided by the policies you may already have, such as home insurance. A claim will not reflect on your insurance score and will not affect your rates with other insurance carriers. With home insurance rates in the USA going up every year, it’s prudent to reserve it 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 pay for medical expenses, physical therapy, mental health services, lost wages, and other expenses that arise from a bicycle-car accident.
Permissive use
You can lend the bike 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 bike insurance, 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 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 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
"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 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.
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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.