Why do you need an e‑bike insurance?

Have you ever wondered why it's important to protect your bike with e-bike insurance? An e-bike is an exciting thing, but it's also a pretty expensive purchase for many. For many, the question of the right protection for their new favorite is often directly linked to the purchase.

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In this article, we'll take a closer look at why e-bike insurance is so important and what options are available to cover your e-bike.

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Insuring e-bikes in Germany - a brief overview

In Germany, a bike is stolen every two minutes. But the detection rate is just nine percent. Perpetrators are increasingly focusing on high-priced models. In most cases, household insurance does not cover bicycles stolen from outside a garage or house. In some cases, there are also nighttime clauses that state that theft between 10 p.m. and 6 a.m. is not covered.

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E-bike insurance not only protects against theft, but also against vandalism or falls - and for the most part worldwide. In order for the insurance to take effect, however, some points must be taken into account:

• The bike must be locked in a fixed location.

• There are insurance companies that specify the type of lock.

• Rates may be higher in places where there are also many stolen bikes.

• In case of theft, the bike bill and frame number must be shown.

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Does an e-bike insurance make sense?

The demand for bikes is constantly growing. The bicycle market, for example, experienced growth of 17 percent. Demand for e-bikes is also growing steadily. This market recorded an increase of around 61 percent. The increasing popularity of bicycles and e-bikes is due to political attention regarding alternative mobility and sustainability.

People increasingly want an alternative to the car or public transport. Due to this, it is not surprising that the value of these bikes continues to increase. As a result, bikes costing between 2,500 euros and 4,000 euros are being sold more and more frequently. The average price of an e-bike is now 3,000 euros.

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But why should you think about e-bike insurance?

Due to rising prices, the number of expensive models being stolen is also increasing. In the meantime, the amount of damage amounts to 110 million euros. Unfortunately, your household insurance does not always cover the damage. Because if your bike is stolen on the open road, the insurance does not cover this damage. In these cases, a special e-bike insurance can help, which specializes in the theft of e-bikes on the open road.

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You want to learn more?

This video (German only) summarizes all the important information about bicycle insurance and for whom insurance is worthwhile:

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Conclusion

The value of stolen bicycles is also increasing in Germany. Due to the increasing number of high-priced bikes sold, perpetrators are focusing more and more on such models. However, household insurances do not always cover the damage or only up to a certain amount. Therefore, insurance can be worthwhile - so that you are also covered in cases where the household insurance does not apply.

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Digital services by velio

At velio we love two things: bikes and technology. Our goal is to create a platform for buying and selling used bikes. In doing so, we focus our main attention on high-quality premium bikes. velio is about your bike and your experience. We are a companion for people who want to get the most out of their bike. Thus, we want to help you keep your bike in top condition and make your experiences unforgettable.

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