Can I insure my bicycle or e-bike for less than its value?

The Amount of Insurance should reflect the full equipment value of the bicycle or e-bike being insured.

For example, an $8,000 bicycle should be enrolled based on its $8,000 value rather than selecting a lower Amount of Insurance simply to reduce the premium. BikeInsure premiums are based on the value of the equipment being insured.

This is important because many covered accidents result in partial damage rather than a total loss. An $8,000 bicycle, including the value of qualifying non-stock accessories and components, could sustain several thousand dollars of covered damage even though the bicycle itself is not a total loss.

Accurately stating the value of the equipment being insured on the policy helps ensure that the premium appropriately corresponds to the equipment being covered.

Coverage is subject to the terms, conditions, limits, and exclusions of the issued policy.

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