Do You Need Insurance for your E-Bike?

If you’re an e-bike owner, you’re likely making this misconception: since my e-bike looks like a bicycle, I should insure it like my bicycle. Many e-bike owners assume that their e-bike is covered under their home policy. Do you need extra insurance for your e-bike? Yes, and we have good reasons why.

What is an E-Bike, Anyway?

E-bikes look like bicycles, but they have a battery-powered feature that assists pedaling. This helps riders handle rough terrain or steep hills with relative ease. Most e-bikes have a max speed of 20 mph (some go up to 28 mph) and most states in the US regulate them like a normal bicycle. Surveyed riders report they are riding more because of the assistance they get from an e-bike. E-bikes are great for a commute to work, going on longer bike trips, carrying cargo, all while enjoying the scenery along the way.

The Case for Insuring an E-Bike

Home and renters insurance likely do not cover your e-bike, or at the very least could impose limits. There are likely exclusions for usage off your property or road use. You are going to be riding your e-bike on the roads, and a possible loss would likely be occur off your property. Therefore, getting an insurance policy for your e-bike is the best way to protect it.

What Can An E-Bike Insurance Policy Provide?

You will likely be looking at recreational insurance, or “toy” insurance for your e-bike. Here are some common protections found on a toy insurance policy:

  • Protection against theft or accidents
  • Coverage up to the actual cash value of the e-bike
  • Coverage for accessories, carried contents, or safety riding apparel
  • Roadside assistance
TL;DR: Yes, You Should Insure Your E-Bike

…and the team at Cincinnatus Insurance can help you. Bundled with your auto, home or renters insurance policy, a recreational toy policy is relatively inexpensive for the year. Ask us for a quote today, or notify your Cincinnatus Insurance Advisor to prevent financial disaster!

Would You Like Us To Review Your Policies?

Request Your Proposal Here

Are you ready to save time, aggravation, and money? The team at Cincinnatus Insurance LLC is here and ready to make the process as painless as possible. We look forward to meeting you!

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