BikeInsure vs Velosurance

BikeInsure is a dedicated standalone bicycle insurance policy — not an add-on to homeowners or renters insurance.

‍Claims are filed directly through BikeInsure and never affect your home insurance record, premiums, or renewal eligibility.

Unlike homeowners insurance, BikeInsure is built specifically for bicycles and e-bikes, providing protection for accidental damage while riding, transit damage, and optional theft coverage for your bike and listed accessories.

Coverage highlights:

• Accidental damage while riding
• Transit protection included
• Optional theft coverage
• New and used bicycles and e-bikes
• Listed accessories covered
• Casual to competitive riding
• Road and off-road use
• $150 deductible
• Monthly payments
• No additional fees

‍

Homeowners insurance is designed to protect your home and major property losses — not bicycles or e-bikes. Filing a bike claim under a homeowners policy can trigger consequences that often outweigh the value of the claim.

Why homeowners insurance doesn’t work for bicycles and e-bikes:

Higher deductibles:

Standard homeowners deductibles typically range from $500 to $2,500 or more, making many bicycle claims impractical. BikeInsure features a low $150 deductible.

Premium increases:

Filing a bicycle claim under homeowners insurance can increase your premium at renewal, even after a single claim.

Risk of non-renewal:

Multiple claims — regardless of type — may result in policy non-renewal or cancellation.

CLUE report impact:

Claims are recorded in the CLUE (Comprehensive Loss Underwriting Exchange) database and can affect future insurance eligibility and pricing for years.

Limited bicycle coverage:

Homeowners policies often apply low sub-limits to bicycles, frequently below the replacement cost of modern bikes. Riding accidents and transit damage may be excluded.

E-bike exclusions:

Many homeowners and renters policies classify electric bikes as motorized vehicles, which are typically excluded from coverage—even with a rider.

BikeInsure claims are filed separately and never affect your home insurance record, premiums, or CLUE report.

‍

BikeInsure Offers Fast, Easy Online Bike Insurance Sign-Up

Enrolling in BikeInsure takes only a few minutes online — no credit check, no Social Security number, and no credit-based insurance score required.

BikeInsure enrollment does not require:

• Credit reports or credit checks
• Social Security numbers
• Credit-based insurance scores
• Additional underwriting requirements

Simple enrollment for bicycles and e-bikes

Enter your bicycle or e-bike details — make, model, year, and Amount of Insurance — and include any non-stock attached accessories and upgraded components, such as bags, bottle cages, computers, lights, cameras, mounted pumps, radar devices, groupsets, pedals, power meters, saddles, and wheelsets.

Listed accessories are included in your total Amount of Insurance.

Coverage begins immediately for qualifying equipment upon completion of enrollment and payment.

‍

No immovable object. No approved lock. Just secured.

BikeInsure does not require a bicycle or e-bike to be locked to an immovable object or secured with a specific approved lock to qualify for theft coverage.

Instead, BikeInsure uses a practical standard: the bicycle or e-bike must be secured with a physical locking device while unattended. A specific brand, model, or type of lock is not required. Electronic devices such as GPS trackers or alarms do not replace this requirement.

Unlike Velosurance, Markel, and Sundays — which require the bicycle to be locked to an immovable object — BikeInsure provides broader, real-world theft protection.

When optional Bike Theft Insurance is selected, and a properly secured bicycle or e-bike is stolen, the policy pays the replacement-cost value for equipment of substantially similar kind and quality — including listed accessories — less the $150 deductible, up to the Amount of Insurance on the policy.

‍

BikeInsure is the official bike insurance partner of USA Cycling and the preferred choice of leading cycling organizations, including IMBA, USA Triathlon, the League of American Bicyclists, and Adventure Cycling Association.

These partnerships reflect a shared focus on protecting cyclists with specialized bicycle insurance designed specifically for riding, transit, and optional theft risks — not adapted homeowners or renters coverage.

BikeInsure is also trusted by select bicycle brands such as Canyon USA, Pivot Cycles, and Tern Bicycles, reinforcing BikeInsure as a purpose-built insurance solution for cyclists.

Why organizations choose BikeInsure:

• Coverage designed specifically for bicycles and e-bikes
• Protection for riding accidents, transit damage, and theft
• No impact on homeowners insurance policies or claims history
• Supports riders from casual cycling to competitive events

These partnerships help riders access dedicated bicycle and e-bike insurance protection, while policy eligibility and coverage terms remain consistent for all customers, regardless of affiliation.

‍

Immediate Coverage Protection

BikeInsure coverage begins immediately upon completion of enrollment and payment for qualifying bicycles and e-bikes.

Your application includes a date and time stamp confirming exactly when coverage becomes effective — so you can ride with confidence from the moment you enroll.

No documentation uploads or additional approval steps are required before coverage begins.

As part of your BikeInsure enrollment, you electronically sign and certify your application information and agree to policy terms and required disclosures.

In contrast, some bike insurance policies in the U.S. require extensive documentation — such as purchase receipts or detailed photos — to validate ownership and value, and apply strict theft conditions, including securing the bicycle to an immovable object with an approved lock and providing evidence of compliance at the time of loss.

After enrollment, you receive a confirmation email with your application and receipt, followed by your official policy documents by email and mail.

‍