How does BikeInsure pay if I have a bike accident?

BikeInsure provides replacement-cost value coverage that pays to repair or replace the insured bicycle or e-bike, including listed accessories, with equipment of substantially similar kind and quality, without deduction for depreciation, up to the Item Amount of Insurance shown on the Declarations page, less the $150 deductible.

In most riding or transit accidents, the bicycle is repairable. The policy pays the cost to restore the insured equipment — the bicycle or e-bike and listed accessories — to its pre-loss condition using new OEM (Original Equipment Manufacturer) or equivalent parts, including labor and applicable tax, based on a written estimate from a local bike shop of the policyholder's choice, up to the Item Amount of Insurance, less the $150 deductible.

Claim Payment Process

Additional Real Claim Examples

Road Bike Crash – Arizona

Specialized Tarmac SL8 accident repair

BikeInsure paid $4,072

Transit Damage – Colorado

Carbon wheelset and derailleur replacement

BikeInsure paid $1,850

Bike Theft – California

Urban commuter e-bike stolen outside café

BikeInsure paid $3,200

Actual Claim Example
BikeInsure casual riding bicycle insurance coverage seal
Casual Riding
No racing license required.
UNITED STATES
+ Canada Territory
Cyclist riding a road bike during a casual ride with BikeInsure bicycle insurance coverage (Bike Ride Insure)
BikeInsure competitive racing bicycle insurance coverage seal
Competitive Racing
Casual riding + racing events.
Worldwide
Coverage Territory
Cyclist competing in a road race with BikeInsure bicycle insurance coverage (Bike Race Insure)
BikeInsure electric bike insurance coverage seal
Electric Bikes
Up to 28 mph.
UNITED STATES
+ Canada Territory
Family riding a cargo electric bike with BikeInsure bicycle insurance coverage (Electric Bike Insure)