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.

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Additional Real Claim Examples

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Road Bike Crash – Arizona

Specialized Tarmac SL8 accident repair

BikeInsure paid $4,072

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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

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