If you ride a bicycle long enough, the inevitable will happen: you’re going to crash. One moment, you’re happily pedaling along, and the next thing you know, you’re looking up...
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.
Recumbent Bike Insurance
No matter where your adventures take you, protect your recumbent bike and yourself from the unexpected with America's best bicycle insurance.
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Best insurance for your recumbent bike
Insurance coverage for your recumbent bike provides financial protection in case of unexpected incidents such as accidents, theft, or damages. Regardless of whether the event is caused by a minor error or someone else's negligence, and whether it happens while riding, at home, or during transportation, having insurance can provide the much needed peace of mind.
Crash Damage
Your recumbent bicycle 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 recumbent bike is stolen from your home, car, workplace or any other secure location, it’s covered.
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.
Why you need Velosurance for your recumbent bike
Recumbent bikes are designed for riders who appreciate comfort, utmost aerodynamics, stability and safety in their ride. Folks with certain medical conditions or injuries may find that recumbent bikes are more comfortable to ride than a regular bike, making them an ideal choice for rehabilitation. With recumbent bikes predominantly used in urban environments, ridden on public roads and shared paths, incidents such as accidents, theft, and damage are not uncommon. Given the niche nature and rarity of recumbent bikes, repairing or replacing one can be costly. Bicycle insurance offers coverage for both recumbent bikes, providing the much needed peace of mind that if your ride is stolen or damaged, you are financially protected and can get back in the saddle as quickly as possible.
Recumbent bike crash damage coverage
On a road or trail, a group ride or a race, if it’s damaged in an accident, it’s covered.
Although riding a recumbent bike is not overly challenging, it does require some adjustment. Compared to regular bicycles, recumbent bikes place the rider in a lean-back position, have wider turning radii but much lower center of gravity. Getting going and coming to a complete stop takes some adjustment, especially if you use clipless pedals. Although minor accidents can be viewed as learning experiences, more severe incidents can result in significant damage. In such cases, having insurance can be highly beneficial. Bicycle insurance offers peace of mind and can cover the cost of repairs or replacement for a damaged recumbent bike. Our basic policy includes coverage for up to $500 for riding apparel, gloves, shoes, sunglasses, and helmets, as well as spare parts up to $500 per loss, with a policy term limit of $1,000.
Recumbent bike theft coverage
If your recumbent bike is stolen from your home, car, workplace or any other secure location, it’s covered.
Recumbent bikes, like any other valuable possession, are vulnerable to theft. While not particularly appealing to most thieves looking for bikes, they are attractive to lesser educated criminals that instantly recognize them as high-value property. Most recumbent bikes are stolen from home garages, or public parking areas and the vast majority are unsecured at the time of theft. To avoid becoming a victim of theft, it is essential to lock your ride with a sturdy lock and store it in a secure location. However, even with the best precautions, recumbent bikes can still be stolen. In such cases, having insurance can offer financial protection and reduce downtime by covering the replacement cost.
Medical coverage
This optional coverage will pay the leftover bills once your primary health insurance has paid its share.
Most recumbent bikes are ridden in the city and suburban areas on dedicated and shared bike paths, public streets and less-congested country roads. Both recumbent bikes have a significant weakness: they are significantly less agile than upright bikes and require significant riding experience to safely traverse urban and suburban landscapes. Unfortunately, even the most skilled of riders are bound to experience an accident, sooner or later. Having sufficient health coverage is strongly recommended, as even a minor injury like a broken collarbone or torn ligament can result in significant medical bills. To reduce the financial burden of riding injuries, our policy provides optional medical payment coverage that pays for medical expenses beyond primary health insurance, such as copays and deductibles.
Vehicle contact protection
As a cyclist, getting hit by a car is one of the most terrifying experiences one can imagine. Unfortunately, for recumbent bicycle riders this problem is all too real due to the very low height of these bikes. Recumbents are very difficult for car drivers to notice in perfect weather conditions and the risk of being hit goes up significantly if you ride alone during low visibility hours. While there’s no magic undo button for a bike-car accident, having Vehicle Contact Protection can provide a sense of comfort. This additional option not only serves as a gap coverage for primary health insurance, but also covers other expenses arising from the accident, including physical therapy and lost wages, up to the limit specified in the policy.
America's best recumbent bike insurance
Our policy offers a wide range of optional coverages to eliminate or minimize risks of cycling lifestyle.
Any 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.
Liability Coverage
We will protect you from personal liability (injury, sickness, death, or damage to property) you cause while riding your bike.
E-recumebent Bike 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.
Electric recumbent bicycle coverage
Electrictrification adds the needed range and power to both recruitment bikes, making them much more capable adventure machines
The trickle down effect from the boom of electric bikes made the technology available to recumbent bike riders. Every major manufacturer now offers electrified versions of their bikes. With electric assist, recumbent bikes become much more usable vehicles with significantly extended range and ability to climb the steepest of hills, which is a common weakness of the reclined body position. Electrification also significantly increases the price of these machines, making them a significant investment. Our bicycle insurance policy covers all recumbent bikes that fall under Class 1, 2, or 3 e-bike regulations.
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 cargo 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
"My bicycle suspension was broken after a crash in a mountain bike park. Luckily, Velosurance policy covered that and I was up and riding a very short time. Would recommend. "
Jack P
Brooklyn, NY
"Airline damaged by bike during my flight to an event in a different state. It was a carbon bike and it was completely ruined. I took the pictures as evidence and submitted them along with the claim. Velosurance reimbursed me within a week which was very welcome. "
Melissa E
Denver, CO
"In three years I made two Velosurance claims and both were paid within a week and for exactly the cost of repair to my bike. I ride an $8k bike and having insurance helps me sleep better at night knowing that this insurance will reimburse me if someone broke into my garage and stole my bike. "
David H
Fort Lauderdale, FL
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 cargo bike insurance
The bicycle insurance policy protects you and your cargo bike from all cycling risks like crashes, theft, medical expenses, or personal liability.
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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.