Bike Insurance? Does your electric bike need insurance?
Whilst ensuring your electric bike is not compulsory in England, there are numerous reasons to consider insuring your new ride. It is highly recommended to find a suitable policy in the event that you have an accident, which leaves you and your bike with a public liability cover as well as protection against theft and damage.
Keep your investment safe
Purchasing an electric bike is a significant investment you want to protect. There are different policies available on the market and you might want to shop around for the coverage that is right for you.
Assuming your home insurance policy provides the right cover is risky as you may only be covered while the bike’s at home. It is worth checking how much cover you are likely to receive as there are some strict conditions and limitations. Whereas specialist electric bike insurance policies often offer higher amounts of cover.
Electric Bike Insurance Cover
There are different policies available and factors you should consider when comparing ebike policies to find the coverage that is right for you:
- Accidents and vandalism
- Third-party liability insurance
- Replacement cycle hire
- Cycle rescue
- Personnel accident
- Other riders cover
- Cover for accessories
Tips to prevent your electric bike from theft
Bike thefts reported to BikeRegister rose by 48% in June, compared to last year, so here are some tips to prevent your electric bike from being stolen in the first place:
- Register your bike online
- Invest in a high-quality lock
- Protect your bike with an ImmobiTag identification chip
- Store your bike in a secure location covered by CCTV
- Unlock and remove your battery when you lock it up
- Secure your bike in a different location every day
- Don’t leave it parked in public for long periods of time
- Failing to protect your bike adequately can also result in your insurance protection being invalidated.
The cost of specialised electric bike insurance is generally affordable but will vary depending on your policy and the add-ons that your policy offers to increase your coverage. Being on the safe side is always best as the damages you may be responsible for in the case of an accident can be significant.
Find more information about our UK theft and damage insurance packages here