If you expect to be spending a bit of time in the saddle and want to ride with peace of mind of knowing you’re covered for a myriad of situations, consider bike insurance. E-bike policies start at $100 per year and offer a variety of coverage levels and deductible options. It's possible that your e-bike may need to be serviced sooner than a regular bike if you put a lot of miles on it. Coverages can include protection for damage caused by theft, crash, collision, fire, attempted theft, vandalism or hitting another object. Most of bicycle insurance won’t cover electric bikes as electric bikes cost more than bicycles and they have different accidents and incidents. The basic function of the e-bike is the battery powers the motor, and the drivetrain delivers the power to the wheels, and the throttle or pedal assist allows you to control the motor.An e-bike gets you where you're going faster and easier. It allows you to travel up to 30 mph with less effort. Avoid fully draining your battery before charging. Thinking about investing in an electric bike? If you need to report damage caused by Hurricane Laura or the wildfires, our Claims team is ready to assist you.Markel Specialty, one of Markel Corporation’s four insurance divisions, Markel now offers coverage for three classes of e-bikes: Pedal assist e-bike with top assisted speed of 20 mph; Throttle assist e-bike with top assisted speed of 20 mph; Pedal assist e-bike with top assisted speed of 28 mph; Electric bike motors must be 750 watts or under. A cheap electric bike can cost somewhere around $1000 and an expensive electric bike can cost up to $15,000. A deductible may apply and you’ll be covered up to the applicable limits of your home, condo or renters policy… This publication is not intended to be legal, underwriting, or any other type of professional advice. Markel's electric bicycle coverage protects the ebike from theft, damage and more. Markel Specialty can offer a stand-alone electric bike insurance policy that insures e-bikes with power assist up to 750 watts and covers theft, damage and more. Same goes for renters or condo insurance. E-bikes tend to be safer than standard pedal bikes because you can accelerate to get out of the way faster, and travel at higher speeds, keeping up with traffic. NEW: We’ve expanded our electric bike insurance program. Persons requiring advice should consult an independent adviser. Coverage of spare parts, cycle apparel, and rental reimbursement can also be included at no additional cost.This document is intended for general information purposes only, and should not be construed as advice or opinions on any specific facts or circumstances. With Markel Specialty's collision coverage, your bike’s repairs or replacement costs (minus your deductible and subject to the settlement type terms) are covered in the event of an accident caused by collision or upset. There are many reasons why you might be considering an e-bike, including the convenience of riding further, faster, and longer, but there are key differences between e-bikes and standard bikes you’ll want to understand before making the purchase.Like regular bikes, e-bikes have the same mechanical parts—frame, two wheels, a seat, handlebars, brakes, suspension, and pedals. Under personal property coverage on most home insurance policies, your bike may be covered for what it’s currently worth. Markel does not guarantee that this information is or can be relied on for compliance with any law or regulation, assurance against preventable losses, or freedom from legal liability. Policies start as low as $100 per year and offer a variety of coverage levels and deductible options. The content of this document is made available on an “as is” basis, without warranty of any kind. Such expensive price tag make your e-bike a target for thieves. We continue to closely monitor local and national weather conditions to support our customers. The average battery lasts up to 50 miles before it needs to be recharged. Your e-bike is an investment and you want to make sure you have adequate coverage for theft or damage.Electric bike insurance provides coverage between auto, home and renters insurances where there are gaps and fine print exclusions.Markel Specialty can offer a stand-alone electric bike insurance policy that insures e-bikes with power assist up to 750 watts and covers theft, damage and more.Policies start as low as $100 per year and offer a variety of coverage levels and deductible options.Each policy can be customized to fit you and your riding style. With all of the extra components added to it, an e-bike is typically much heavier than a standard bike, which really only matters when you have to lift it.For an electric bicycle to effectively operate, it relies on the electric components working together. Pick the deductible that works best for you: $250, $500, $1,000, $1,500, or $2,000. Markel does not guarantee any particular outcome and makes no commitment to update any information herein, or remove any items that are no longer accurate or complete. Ideally, recharging the e-bike battery when it's between 30% and 60% will extend the life of your battery. Each policy can be customized to fit you and your riding style. If you are new to e-bikes, taking a training class may be beneficial before hitting the road.As a general rule, charge a new battery for 12 hours. Markel offers a stand-alone e-bike insurance policy that insures e-bikes with power assist up to 750 watts with speeds up to 28mph. Most e-bikes will charge by plugging the battery into a 110v outlet. You’re typically protected if the bike is stolen (or vandalized) pretty much anywhere, including your home, garage, at the park, etc. Lithium-ion batteries, the most common for e-bikes, lasts about three years.The mechanical parts on an e-bike can be serviced at the same shops as a regular bike.

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