Electric bikes have been around for many years, but with the continuous development of motor and battery technology over the last 15 to 20 years, since the early 2000’s, the demand for the E-Bike has increased considerably. Over 31 million electric bikes were sold globally in 2012, and across Europe, sales of electric bikes in 2018, increased by a huge 160% on 2013, representing one of the fastest developing sections of the transport market.
E-Bikes tend to come with a large price tag, most costing well into their thousands. Although insurance for your E-Bike is not compulsory, the question is could you afford a repair if it was badly damaged? Or in the unfortunate event it was stolen, a like-for-like replacement? According to the ‘Office of National Statistics’, there were over 300,000 reported bike thefts across the UK in 2018, and over 17,000 reported injuries or deaths between June 2017 and June 2018, according to the department for transport.
With E-Bike insurance via MoneyMaxim, as long as the bike was secured at the time, you can be covered for theft, personal accident, plus many other areas such as;
Many people may assume their bike is covered through other means (e.g. home insurance), however research shows a third of home insurance policies do not cover bikes if they are away from the home, but also with the cost of an E-Bike, you may find the cover provided is too limited.
To give yourself great peace of mind, and to know your prize possession is covered at home, at work, or at the train station to name a few places, run an E-Bike insurance quote with MoneyMaxim today and find the right cover for you! We are associated to several specialists in this niche area of insurance - The Insurance Emporium offer many kinds of leisure related insurance and have a great reputation for well-designed policies. Also with Sportscover Direct, you can tailor a travel insurance policy for your specific cycling requirements with many options that can be added on.
This content was last reviewed on 20/06/2022