I already have a neighbour who rides over sixty kilometres a day on her e-bike, a friend with orthopaedic problems who has recently bought an e-bike so she can continue cycling with her fast husband, and a professional colleague who keeps his suits cleaner than mine by using his pedal-assist e-bike to climb hills and get around town on hot, humid summer days. .
E-bikes travel faster than regular bikes, so they have the potential to cause more injury to the rider, pedestrians or property in the event of an accident. In addition, Canada can benefit from worldwide physical damage and theft coverage, even while the bike is with the company. Their multi-peril coverage can provide e-bike riders with everything they want in an insurance policy, effectively eliminating any extra effort and time to obtain the specific coverages they desire.
Markel offers a stand-alone e-bike insurance policy that insures e-bikes with electric assist up to 750 watts with speeds up to 28 mph. In addition to the multi-bike discount, Simple Bike Insurance also has a discount for certain membership organizations. Hopefully, those reading this article will be alerted to the insurance issues surrounding electric bikes before they arise in their own lives. Due to their popularity alone, Spoke and Velosurance are favorites of most U.S. electric bike users.
In addition to the convenience of adding a bike to existing coverage, Progressive makes it easy to save money by bundling policies. So, as long as you ride a Class 1, 2 or 3 ebike, you don’t need to have electric bike insurance. Policies cover your bike anywhere in the United States and Canada and include worldwide physical damage protection. My calling and passion as a bicycle accident lawyer is to represent injured bicyclists and the families of bicyclists who have been killed by careless drivers.
He is also a bit more lenient and flexible when it comes to his e-bike coverage limitations, which may even provide coverage for models with 28 mph top speeds – this is a rarity for most e-bike insurance providers.
Some companies may have stand-alone coverage for e-bikes similar to motorcycle or car insurance policies, while others may offer e-bike coverage as an add-on to an existing homeowners or renters policy. Electric bikes tend to travel faster and are heavier than bicycles, making them a greater potential risk of causing property damage to another person’s property or bodily injury.