BICYCLE INSURANCE

When do I need bicycle insurance and what does this cover?

You can choose from a range of tariffs within bicycle insurance, often also referred to as e-bike insurance, to insure your bicycle, carbon bike or pedelec (not subject to compulsory insurance), incl. luggage, against theft and damage. Moisture damage and electrical damage to battery and motor are also covered. The bicycle is often included in any existing home contents insurance, or can be added to the policy separately. However, home contents insurance often provides no coverage if the bicycle is stolen away from the residential building. The sum insured for bicycle theft is often also capped at a maximum value, meaning that the reimbursement amount does not match the overall value for more expensive bicycles. Therefore, it makes sense to insure the bicycle separately, especially in the case of higher-value bicycles or e-bikes.

Depending on the selected variant, the following events are covered:

Damage or destruction due to

• Accident
• Dropping or falling
• Vandalism
• Fire, lightning, explosion
• Natural hazards
• Moisture damage to battery, motor and control devices
• Electrical damage (short-circuit, induction, excess voltage) to battery, motor and control device

Loss due to

• Theft – bicycle/pedelec luggage is also included in coverage for the tariffs NEO mobil L and Optimal mobil
• Theft of parts (incl. battery)
• Burglary and theft
• Robbery