ebike insurance

has anyone had any success finding an affordable policy? my current renter's/homeowner's policy (State Farm) specifically excludes e-bikes, and they were only willing to write me a motorcycle policy for about $200/yr. It seems a little kludgy, borderline unworkable. Velosurance will write a policy for about $3-400/yr, and I've found a Progressive agent who *says* his renter's insurance *will* cover an electric bike, but I'd like to see it in writing. I'd like to know if anyone in the US has actual experience with this. The Velosurance CEO (Dave?) said the renter's policy were not worth it and they would fail to provide adequate coverage. any advice welcome
thanks!
 
I have renter's insurance and they did not cover my wife's iZip Zuma when it was stolen from the carport. They stated that it needed to be stored inside our actual apartment and it would have been covered.

I have AAA in So Cal.
 
has anyone had any success finding an affordable policy? my current renter's/homeowner's policy (State Farm) specifically excludes e-bikes, and they were only willing to write me a motorcycle policy for about $200/yr. It seems a little kludgy, borderline unworkable. Velosurance will write a policy for about $3-400/yr, and I've found a Progressive agent who *says* his renter's insurance *will* cover an electric bike, but I'd like to see it in writing. I'd like to know if anyone in the US has actual experience with this. The Velosurance CEO (Dave?) said the renter's policy were not worth it and they would fail to provide adequate coverage. any advice welcome
thanks!
 
Just ran into this, BigRing: http://www.bigringinsurance.com/whats-covered/faq
Quote for me in NE for a bike of $2000 w/ a $250 deductible was $133/yr. We have so little bike theft here thought that I'm not actually looking for insurance; I was just curious, so I didn't try contacting them to see if they'd do an e-bike, but it'd be interesting to know.
 
I have Renters through State Farm. I keep my ride inside at night. Where I work - it's under surveillance, lock & key, and sometimes - even caged behind cardkey access. The main deterrent though I think it the weight @ 111 lbs. And I always try to find a stanchion or a bench to wrap the bike lock around. Knock wood - it hasn't been stolen. Although once I know someone did try:

Some weirdo Vietnam Vet suffering from Agent Orange was giving me grief at a Denny's in Fort Bragg when I was on my 2nd road trip to California. The guy washed windows for a living and wanted my bike to use for his business. Obviously he was not dealing with a full stack and told me someone (like him) could just steal it. I had the trailer attached (bolted on) which brought the weight up to about 300 lbs. and I knew it wasn't going anywhere. I said something like "thanks but I keep my bike locked for that reason: Keep honest people honest, and stupid people from making a mistake." :twisted: That pissed him off and he left. After breakfast I went to leave and noticed the damage to my lock: It's wire-rope with heavy clear plastic; the plastic was notched like someone tried to use wire cutters. I don't think bolt cutters would make it through that lock. The guy was the village idiot. :p

Found the link to the episode here.

That's the only trouble I've had with theft, or attempted theft.

Loading up more batteries, KF
 
I have Travelers. They swore up and down than my property was covered anywhere, so if my ebike was stolen, that I simply had to file a claim and pay a deductible. I'm a little skeptical, and I'm going to investigate further. $15,000 of coverage was only $10 per month, though, so I went ahead and bought it.
 
Might depend on how its defined by your state's codes?
 
"Canadian" State Farm would not ensure my ebike if it was stolen from the house or destroyed in a fire.
My agent said that since it had an electric motor it would have to be covered under another policy.
Since I store the bike inside in the winter for 6 months, he suggested that I remove the motor therefore changing it back to a bike.
 
lxgoldsmith said:
Is it possible to insure an ebike built from a bike, conversion kit, and battery?
Click to expand...

I've never tried, but I imagine that to know for certain, you could try calling some insurance companies. I am guessing that you can insure just about anything.
 
Most say they only insure the original bike, but one said they'd insure me (may be a lie). I'll keep looking to see all that's available.
 
Thanks, I can keep track of that. I put a lot of time into the battery and various additional parts, so the bike as a whole is worth over twice than what I paid in total. An evaluation would be better than receipts
 
Seems like most people I have talked to with high dollar bikes assume their bikes are insured thru their homeowners policy. They may be in for a surprise if that bike gets stolen. I took my Easy Motion to our local AAA to have it placed on ryder of my homeowners after being given a quote. The AAA rep took pictures as well as copied my receipt of purchase and told me it would take a few days. I have been riding my bike to work almost 5 weeks to work. last week, I called AAA to tell them I never received andy information on that Ryder, I was told AAA under writers would not and do not insure bikes unless the theft was taken from home *(limit $2300.00 minus deductible). I was told other insurance companies would also be limited how much, if any at all, would cover much more.Currently I am now looking at BigRing.com (Transamerica) to cover damage, theft , medical and much more for $220.00 a year.......My question. with a bike value over $3000.00, what do you rely on?
 
ended up with BigRing.com after buying my wife an Easy Motion Jet..$300.00 per year 2 bikes includes a med option.. thats less than $15.00 pm a bike..acceptable
 
Seems like most people I have talked to with high dollar bikes assume their bikes are insured thru their homeowners policy.
Click to expand...

Contacted my agent SAFECO
No theft insurance coverage
No liability insurance coverage
on ANY FORM OF MOTORIZED bike

non motorized, no problems

pedestrians on the MUP just got more dangerous
and no smarter
 
My home insurance company added 140$ per year to my bill, for theft and vandalism insurance of 3 ebikes out of premises. So my bikes are now insured for theft even when they are not at home, and everyone on the street is insured with a "no fault" program here in case of an accident. Unfortunately, crashes in the mountain trails are not insured, and that is where I do damages 99% of the time.
 
Does anyone ave data on fire insurance covering battery fires with velo insurance
Homeowner's or renter's
Would it be considered negligence
or if scooter charging for $ , commercial
 
From what I have read, it is NOT a good idea to tie your bikes to your home insurance,

Better reg it as a moped and have your auto insurance cover it and get a separate rider.

maybe someone who works in the industry can educate us.
 
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