Bicycle insurance for your e-bike: Why it is so important and what you should pay attention to

In this blog article, you will learn why bicycle insurance for your e-bike makes sense, which aspects you should consider and which options are available to you.

Why bicycle insurance is important for your e-bike

E-bikes are an expensive purchase. On average, prices range between 1,500 and 4,000 euros, and top models can be significantly more expensive. Given this high investment, it makes sense to think about insurance that protects you against financial loss. Here are some reasons why you should insure your e-bike:

1. Theft protection : E-bikes are popular targets for thieves. Insurance can compensate you for the financial loss if your e-bike is stolen.
2. Protection against damage : Accidents or falls can damage your e-bike. Insurance will cover the repair costs or reimburse you for the value of the e-bike.
3. Protection against vandalism : Damage caused by vandalism can be expensive. Bicycle insurance protects you from the financial consequences.
4. Coverage of liability damage : If you cause an accident with your e-bike and damage is caused to third parties or their property, insurance will cover these costs.

Home contents insurance vs. bicycle insurance

It is often assumed that bicycles are adequately covered by home contents insurance. However, this coverage often has its limits. Home contents insurance usually only applies if the bicycle is stolen from the apartment or basement. In addition, there is usually a limit on the insured amount. Special bicycle insurance, on the other hand, offers more comprehensive protection, even if your e-bike is stolen or damaged while on the road.

Tip: Remove bicycles from your home contents insurance

To ensure that your e-bike is optimally insured, we recommend that you exclude bicycles from your home contents insurance and take out special bicycle insurance instead. This way you can ensure that your e-bike is fully protected and that you will not encounter any restrictions in the event of damage.

Important aspects of e-bike insurance

When choosing a suitable e-bike insurance, there are a few factors you should consider:

scope of coverage

Comprehensive insurance coverage is essential. Make sure that the policy not only covers theft, but also damage caused by accidents, vandalism and natural forces. Some insurance companies also offer a breakdown service that will help you in the event of a breakdown on the road.

insurance value

The insured value should correspond to the purchase price of your e-bike. Check whether the insurance offers new value compensation, where the new price is reimbursed in the event of damage, or whether the current value is used as a basis.

deductible

The amount of the deductible can vary. A higher deductible reduces your monthly premiums, but it also means you have to pay more out of pocket in the event of a claim. Weigh up these costs carefully.

additional services

Some insurance companies offer additional services, such as protection against gross negligence, worldwide insurance coverage or the assumption of rental costs for a replacement bicycle during the repair period.

wearing parts

Another important aspect is the coverage of wear and tear parts. E-bikes consist of many mechanical and electronic components that can wear out through regular use. Some bike insurance policies also cover wear and tear parts such as batteries, brakes and tires to protect you from high repair costs.

accident with the e-bike

E-bikes often reach higher speeds than conventional bikes, which unfortunately also increases the risk of accidents. Special e-bike insurance can cover the costs of damage to your e-bike and to third parties. In addition, some policies offer accident insurance that provides financial protection in the event of personal injury. This is particularly important because accidents involving e-bikes can not only cause material damage, but can also result in significant medical costs and loss of income.

Where can you insure your e-bike?

There are numerous providers of bicycle insurance that are specifically geared towards e-bikes. The bicycle insurance from helden.de is one option, for example .

You can find extensive information at our partner helden.de and the good thing is that as a MYVELO customer with your partner code you get one month's premium for free every year. That means you are insured for 12 months and only pay for 11 months. In return you get:

• insurance coverage of up to 15,000 euros
• Compensation for theft of bicycle & accessories
• assumption of repair costs including wear and tear costs
• Cycling and downhill rides are also insured
• Breakdown & Accident Assistance Cover Included
• 0 € deductible in case of damage
• Worldwide coverage

Insurance coverage starts at just €70 per year. It's worth being quick.

Tips for avoiding e-bike theft

In addition to insurance, you can also take some measures yourself to protect your e-bike from theft:

1. Use a high-quality lock : Invest in a high-quality lock. U-locks or armored cable locks offer good protection.
2. Park your e-bike correctly : Park your e-bike in well-lit and busy places. Preferably use parking spaces that have video surveillance.
3. Note the frame number : Note the frame number of your e-bike. This will help the police to identify it in the event of theft.
4. Install a GPS tracker : A GPS tracker can help you find your e-bike in case of theft. Some insurance companies offer discounts if such a tracker is installed.

Conclusion

E-bike insurance is a sensible investment that can save you a lot of hassle and expense in the event of theft or damage. Make sure you choose insurance that meets your individual needs and offers comprehensive protection. Compare different providers and their services to find the best option for you.

A well-insured e-bike not only gives you a feeling of security, but also ensures that you can travel carefree and worry-free. Remember: prevention is better than cure.