E Bike Rental Insurance

If the at fault driver is uninsured then you ll want to file a claim on your homeowners renters or condo policy.

E bike rental insurance. Spoke insurance also offered bicycle insurance plans and they both offered coverage for crash or damage to frame and wheel set accident or failure of frame or wheelset total loss by theft theft of spare parts liability to others road side assistance replacement bike rental but now spoke insurance has moved along so the main choice appears. Having bicycle tour and rental insurance provides the financial protection companies need to keep the business on the right track. Custom build your own protection with a package that includes general liability commercial property workers comp employee health benefits commercial auto cyber liability and more. Businesses that rent bikes or operate bike tours have unique exposures.

We spent years negotiating nationwide bicycle shop liability insurance programs to find a generous combination of coverage and low rates even if you ve had previous claims. It s risky for your e bike to be uninsured. E bike insurance is readily available and affordable. While this is true for human powered bicycles the addition of a motor to a bike makes it a motorized vehicle which excludes it from coverage on standard homeowners renters or umbrella insurance policy.

Safeco one of the insurers that my company works with does have an insurance product for e bikes that provides up to 500 000 in liability coverage i e. Your auto insurance or homeowner insurance may or may not cover your e bike and even it covers don t expect full coverage. Renters insurance policies include a total amount of coverage e g 25 000 but that coverage includes category limits which are max amounts your insurance will pay out for certain categories like jewelry art and bikes. Endorsed by the national bicycle component manufacturer s association.

Category limits vary by policy but are generally between 1 000 to 2 000 per category. With our bike rental shop insurance you can safeguard your business assets with the right amount of coverage for your individual shop. Electric bike insurance does exist and it provides coverage between auto home and renters insurances where there are gaps and fine print exclusions. A driver crashes into your bike.

Markel offers a stand alone e bike insurance policy that insures e bikes with power assist up to 750 watts with speeds up to 28mph. This is why you need e bike insurance. Coverage that protects you if you hurt someone else with your e bike 500 000 in um uim coverage i e. A simple bodily injury claim from a customer riding your bike can derail your business.

If you re riding your bike and involved in an accident where the other party is at fault e g they crash into you their auto insurance policy covers the damage. But they are also expensive vehicles which you can pay up to 15 000.