What Type of Insurance do you Need for your Electric Bike?

The cost for the E-Bikes can range from a few hundred dollars to thousands. Of course, the higher end bikes would be a financial hit if stolen or damaged in an accident but it’s the Liability I’m more concerned with. What if you accidently hit a pedestrian? What if a family member lets a friend try the E-Bike and they get hurt. An uninsured bodily injury lawsuit can financially ruin a family.

E-Bikes are not automatically covered under your auto insurance or homeowners policy.

AN E-BIKE INSURANCE POLICY MAY COVER:

• Liability: If you injure someone or damage their property while riding your e-bike, your policy may cover their medical bills and pay to repair or replace their property — up to your policy's limits.

• Collision damage to your bike: Some e-bike policies include collision coverage, which can pay to repair or replace your e-bike if it's damaged in a collision with a vehicle or stationary object.

• Theft & unexpected damage to your bike: Policies that include comprehensive coverage can also repair or replace your bike if it's stolen, lost, or damaged due to fire, falling trees, and other unexpected damage.

Dan Zeiler

danzeiler.com

877-597-5900 x134