Bicycle Theft Insurance
How to prevent theft and what to do if your bike is stolen
On average, a bicycle is stolen every 30 seconds in the United States. Of course, most cyclists are aware of this plague targeting the cycling community which is why they’re turning to bicycle theft insurance. Bike theft insurance is an alternative to renters or homeowners insurance that gives cyclists more protection. Let’s explore and take a deeper dive into the benefits a bike theft policy delivers.
What Is Bicycle Theft Insurance?
Wait, wait, wait. I have renters insurance or homeowners insurance. Doesn’t that cover bike theft?
How Does Bicycle Theft Insurance Protect Me?
Other than covering your bicycle at full-value if it’s ever stolen, there are a few pretty big advantages to carrying a policy with Simple Bike Insurance.
Peace of Mind
This one is overlooked and underrated, honestly. Whether you spent $100 on your bicycle or $7,389, plenty of us cyclists are looking over our shoulder for thieves (and cars wandering into the bike lane).
With a bicycle theft insurance policy, you don’t have to worry as much. You’ll still be able to make the race next weekend and you won’t be out thousands of dollars. Rest a little easier knowing if something happens, you can easily replace your bicycle or e-bike.
Insurance companies can sometimes have a bad reputation for hassling policyholders when it’s time to make a claim. That’s why Simple Bike Insurance has pledged to offer no-nonsense claims to benefit our riders.
If your bicycle is stolen, you’ll need to gather some documents then email them to us along with a report of what happened. Grab your police report, photos of evidence of the incident (if you have them), and receipts for bicycle, bike lock, helmet, etc. That’s it. We’ll be in contact ASAP and have an emergency line you can call if you can’t wait until normal business hours.
Simple Bike Insurance dispenses benefits for eligible claims as fast as we possibly can. We understand how valuable your bicycle is, especially if you’re a commuter or competitive cyclist.
If you can’t wait until benefits are dispersed, we cover replacement bicycle rental costs in the meantime. We’ll also reimburse event fees if bicycle theft kept you from participating in a competitive ride.
A bicycle theft insurance policy does so much more than just cover the value of your bicycle. It protects your cycling lifestyle and keeps you clipped in, no matter what.
How Much Does Bicycle Theft Insurance Cost?
The easiest way to find out how much a bicycle theft insurance policy will cost is to get an instant quote. It takes less than five minutes and you get an accurate quote that’s tailored to you, your bicycle, and the way that you ride.
Most of our policies are customizable. We give our cyclists options to choose deductibles that work for them. However, if you’re looking for quick ballpark numbers:
- We offer policies starting at just $100
- We have low deductible options ranging from $200 – $500