All-risk bicycle insurance for triathletes

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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, such as a triathlon transition area, 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.

Cyclist on a bike

Protect your bike from theft

bike theft insurance

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.

Race Coverage

Damage due to a crash while racing is covered with an optional coverage.

Liability Coverage

We will protect you from personal liability (injury, sickness, death, or damage to property) you cause while riding your bike. Coverage limits offered: $25,000, $50,000 or $100,000 per occurrence.

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.

We cover your bike in transit by land or air

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.

bicycle liability insurance

Rental and 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.

triathlon competition event

Coverages and Features

Velosurance core policy offers must-have e-bike 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 the peace of mind when your bike is stolen or damaged in the process.

Any Crash or Accidental Damage

The cyclist insurance policy will pay to replace the bike when the bike is accidentally damaged beyond repair. If the damage can be repaired, the policy will pay all the costs associated with the repair. Cosmetic damage is excluded.

Medical Coverage

If you’re hurt, we'll cover some of your medical bills, up to the policy limit. This coverage pays to supplement the deductible of your personal health insurance policy.

Damage or Loss in Transit

Bikes often get damaged in transit, by airline and courier services alike. Filing a claim with these is a notoriously difficult process with a questionable outcome. Velosurance covers your bike while it is on it’s way to your destination.

Why Velosurance is best for your triathlon bike

Not all types of bike insurance coverage are created equal. Velosurance levels the playing field by offering a stand-alone bicycle insurance policy, where claims will not affect your homeowner or renters policy premiums.

Policy Coverage Home Owner/RentersPolicy Velosurance
Insured at Full Value Possibly Yes
Crash Damage No Yes
Theft Coverage Limited Yes
Theft Away From Home Possibly Yes
Vehicle Contact No Yes
Personal Liability Possibly Yes
Replacement Bike Rental No Yes
Event Fee Return No Yes
Cycling Apparel Insured No Yes
Medical Payments Possibly Yes
Racing Coverage No Yes
Electric Assist Bicycles No Yes
Bicycle Airline Shipping Coverage No Yes

“I have been using Velosurance for a few years now and have received nothing but top-notch service. Thankfully I have only had to file claims a couple of times and each time I have received very fast reimbursements for both medical and bike repair costs. I would recommend them to any bike racer.”

Protect your bike with Velosurance

We never share your email
You can add more bikes later

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 e-bikes. Other forms of insurance, like homeowners and renters insurance, do a poor job insuring high value electric bicycles so we founded Velosurance to fix that.

Whether on a crowded city bicycle commute or a country road backpacking trip, cyclists take on a variety of risks whenever they hop onto the saddle. That’s why Velosurance offers a multi-risk, stated value bicycle insurance policy to e-bike owners.

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.

Cyclist on a road bike

Velosurance story

Velosurance is a national insurance program founded by two avid cyclists, Dave Williams and Denis Voitenko in response to the insurance needs of bicycle riders nationwide.

It all started over tacos

One very rainy day at a local taco joint in Fort Lauderdale we started discussing how badly home and renters policies insured bicycles. We knew there had to be a better way so we set about finding out how we could take a traditional piece of insurance and make it better, much better. On that wet day over tacos, Velosurance was founded.

We partnered with Markel American Insurance Company, an A.M. Best, A rated, US insurance company, and a leader in recreational insurance, to offer a multi-risk bicycle insurance policy providing protection to all types of cyclists, and with none of the silly restrictions that other insurance wants to place on riders.

Cyclist on a bike

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.

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, 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, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin.

Cyclist on a bike

Disclosure: The information available in this website is intended to give the user a general over view of the cyclist insurance policy and nothing in this website will amend, change or modify the wording of the issued policy. Please review the complete policy wording here.