Insurance for e-bikes

[soundwave]

that is my uncles house n would not give me 1p even if i was on the streets dying.

last time i was there even had to chip in for the take away, can of coke then go get one from the machine there 40p each, wtf.

b4 that he had nigel mansell old house in the isle of man for tax evasion of course lol.

 

[Live_Steam_Mad]

https://www.cycleguard.co.uk/Home/Home

will give you a idea of cost tho not be cheap unless you can get it with ur house ins.

be worth giving them a ring to make sure that they will not cover it as might have a cheaper option.

I was just getting ready to buy this insurance and was filling out the online form when I noticed the Insurance document as a PDF so I read the small print, and it states the following ;-

https://www.cycleguard.co.uk/Content/PDF/2016/CycleUrbanPolicyWording.pdf

"3.2 Security requirements when the Bicycle is away from the Insured Location Accidental damage or theft of the Bicycle, Fixed Accessories
and/or Additional Components whilst away from the Insured Location
shall only be covered in circumstances where any access to the Bicycle
is effected by Forcible and/or Violent Entry"

...so basically they are saying that if I lock my e-bike up anywhere around town to an immovable object (cycle stand provided by Council etc) and the bike is stolen, then because people have access to the bike, they won't cover it if it's stolen? In that case, I can never get insurance for my e-bike?
Unless I misunderstand?

Regards,

Alistair G.

 

[Live_Steam_Mad]

In fact, thinking about it, does anyone know of ANY e-bike insurer where the bike is covered when away from home, when it is locked to an immovable object, and when the public have access to the bike ?

Regards,

Alistair G.

 

[Gubbins]

Best way is to ring them up and ask someone.

 

[danielrlee]

In fact, thinking about it, does anyone know of ANY e-bike insurer where the bike is covered when away from home, when it is locked to an immovable object, and when the public have access to the bike ?

Regards,

Alistair G.

Zurich home insurance will cover you in this instance, but the bike needs to be a named addition to the standard policy.

 

[Sarabee]

In fact, thinking about it, does anyone know of ANY e-bike insurer where the bike is covered when away from home, when it is locked to an immovable object, and when the public have access to the bike ?

Regards,

Alistair G.

I'm with Velosure and the bike is covered so long as an approved lock is used and secured to an immovable object. I have the receipt and photo of the lock to prove it complies but think if I was leaving it for anytime I would take a quick pic showing it is locked up before leaving it.

 

[anotherkiwi]

MACIF has it as an optional extension to their contract if you want to get insured in France.

 

[Live_Steam_Mad]

I'm with Velosure and the bike is covered so long as an approved lock is used and secured to an immovable object. I have the receipt and photo of the lock to prove it complies but think if I was leaving it for anytime I would take a quick pic showing it is locked up before leaving it.

Oh dear. I would draw your attention to this small print in the contract with Velosure ;-

https://www.velosure.co.uk/assets/pdf/06-2016/velosure_cycle_wording_v12.pdf

"2 Security requirements where the cycle is away from the insured location

Accidental damage or theft of the cycle whilst away from the insured location will only be covered in circumstances where:
a) the cycle is not left unattended ; or
b) the cycle is left unattended, but secured to an immovable object by an
approved lock through the frame and
c) any access to the cycle is effected by forcible and violent entry"

NOTE the link between items b and c above, i.e. the logic symbol "and". Also notice how they did not write "or" like they did between items a and b. So again, Velosure will NOT pay out if the public have access to your bike, no matter how well locked it is to any immovable object.

So if I leave my bike around town somewhere and it gets nicked, even if it's locked to e.g. a Council provided bike stand, then I'm stuffed. Since BOTH items b and c have to be true simultaneously before they will pay out.

I'll try the other suggestions (Zurich etc) later when I get a chance.

However this is the 2nd Electric Bicycle insurer which has this wording in their small print, and I am beginning to get the idea it's pretty standard in the insurance industry? At this point, not sure if I can get my e-bike insured at all against theft ?

Or am I misreading these legal document wordings?

Regards,

AG

 

[Sarabee]

Oh dear. I would draw your attention to this small print in the contract with Velosure ;-

https://www.velosure.co.uk/assets/pdf/06-2016/velosure_cycle_wording_v12.pdf

"2 Security requirements where the cycle is away from the insured location

Accidental damage or theft of the cycle whilst away from the insured location will only be covered in circumstances where:
a) the cycle is not left unattended ; or
b) the cycle is left unattended, but secured to an immovable object by an
approved lock through the frame and
c) any access to the cycle is effected by forcible and violent entry"

NOTE the link between items b and c above, i.e. the logic symbol "and". Also notice how they did not write "or" like they did between items a and b. So again, Velosure will NOT pay out if the public have access to your bike, no matter how well locked it is to any immovable object.

So if I leave my bike around town somewhere and it gets nicked, even if it's locked to e.g. a Council provided bike stand, then I'm stuffed. Since BOTH items b and c have to be true simultaneously before they will pay out.

I'll try the other suggestions (Zurich etc) later when I get a chance.

However this is the 2nd Electric Bicycle insurer which has this wording in their small print, and I am beginning to get the idea it's pretty standard in the insurance industry? At this point, not sure if I can get my e-bike insured at all against theft ?

Or am I misreading these legal document wordings?

Regards,

AG

In the description of terms, forcible entry is described as

"Forcible and Violent Entry -

a) entry evidenced by visible damage to the fabric of the building or vehicle at the point of entry
b) damage caused to an immovable object or approved lock ".

They do tell you that you need evidence (receipt or similar) of the approved lock.

Hope this helps, might be the same for other insurers too.

 

[Live_Steam_Mad]

OK so I phoned up Cycleguard and a person called Ruby said that they will cover me if I e.g. leave my electric bike locked to an immovable object outside around town, even if anyone can access where the bike is, and they will pay up if the lock is forced violently or broken and the bike is stolen, and they accept (up to 1200 quid bike value) the use of any lock specifically designed for bikes (including my Oxford brand bike lock which has 3/4 inch diameter flexible cable consisting of many woven hardened steel strands, which is about 10 years old or more, so I was told). The cost was 43 quid to cover my 600 GBP value bike. So I am now insured with them.

Regards,

AG

 

[Crockers]

Oh dear. I would draw your attention to this small print in the contract with Velosure ;-

https://www.velosure.co.uk/assets/pdf/06-2016/velosure_cycle_wording_v12.pdf

"2 Security requirements where the cycle is away from the insured location

Accidental damage or theft of the cycle whilst away from the insured location will only be covered in circumstances where:
a) the cycle is not left unattended ; or
b) the cycle is left unattended, but secured to an immovable object by an
approved lock through the frame and
c) any access to the cycle is effected by forcible and violent entry"

NOTE the link between items b and c above, i.e. the logic symbol "and". Also notice how they did not write "or" like they did between items a and b. So again, Velosure will NOT pay out if the public have access to your bike, no matter how well locked it is to any immovable object.

So if I leave my bike around town somewhere and it gets nicked, even if it's locked to e.g. a Council provided bike stand, then I'm stuffed. Since BOTH items b and c have to be true simultaneously before they will pay out.

I'll try the other suggestions (Zurich etc) later when I get a chance.

However this is the 2nd Electric Bicycle insurer which has this wording in their small print, and I am beginning to get the idea it's pretty standard in the insurance industry? At this point, not sure if I can get my e-bike insured at all against theft ?

Or am I misreading these legal document wordings?

Regards,

AG

You're misreading them...

Access to the bike means....Being able to ride it, not just touch it.

Obviously if it's locked to an immovable object this access entails the use of force as described in the caveat.

 

[kangooroo]

Just insured my bike on an AXA policy - £145 buildings and contents and £14.95 for the £1200 Oxygen e-bike.

 

[hobbes748]

Best way is to ring them up and ask someone.

Best way is to email them and keep their response. Nine months down the line you can't say 'you said it was fine' if your bike gets pinched.

I made the mistake of calling regarding a query I had regarding the additional windscreen cover option for my car insurance. The helpful assistant basically told me what I wanted to hear. In reality, when I had to make a claim, it really wasn't.

 

[hobbes748]

I insured my motor bike fully comp for only £107 so why is a ebike so expensive ?

Yup - I'm with you there. I paid £133 for my motorbike insurance with an agreed value of £10k yet it's £160 for a £2K bicycle.

Possibly because it's a new market, not enough competition or maybe because there's more chance of recovering the motorbike.

 

[davell]

Best way is to email them and keep their response. Nine months down the line you can't say 'you said it was fine' if your bike gets pinched.

I made the mistake of calling regarding a query I had regarding the additional windscreen cover option for my car insurance. The helpful assistant basically told me what I wanted to hear. In reality, when I had to make a claim, it really wasn't.

+1 for that. The AXA policy does not specifically state that e bikes are covered (I'm also with AXA). I emailed them and asked the question to which I had a reply saying yes they are covered. Keeping that email safe in case it's ever needed later !!


Sent from my iPhone using Tapatalk

 

[Gubbins]

Best way is to email them and keep their response. Nine months down the line you can't say 'you said it was fine' if your bike gets pinched.

I made the mistake of calling regarding a query I had regarding the additional windscreen cover option for my car insurance. The helpful assistant basically told me what I wanted to hear. In reality, when I had to make a claim, it really wasn't.

I record my calls for training purposes. [emoji41]

 

[anotherkiwi]

Just back from my insurer to insure the new bike (and continue the old) - 40€ / yr for 4500 €. They start to get expensive when you have a bike worth 7,500 €, the premium goes up to 160 € /yr.

 

[The Bear]

If you all send me £50 I will cover you in the event your bike is stolen.

Terms and conditions apply

 

[Gubbins]

Bradford and bingley cover e bikes and paid out instantly when mine was stolen. They have a 5k limit which I have now exceeded so go with a specialist bike insurance company that does an insure one get one insured free. More importantly tho they cover for public liability which most people don't even consider. Losing your bike is one thing but being sued for causing an accident is quite another.

 

[Gringo]

If you all send me £50 I will cover you in the event your bike is stolen.

Terms a

Exelent idea, add your bank details to the post and we can transfer our payments