Call Us 941-747-4600 ☰ ˟
Logo
  • Home
  • Get a Quote
    • Auto Insurance Quote
    • Business Insurance Quote Form
    • Flood Quote Form
    • Health Insurance Quote
    • Homeowners Insurance Quote
    • Quote & Bind A Life Insurance Policy
    • Get A Life Insurance Quote
    • Medicare Insurance Quote
    • Recreational Vehicle Insurance Quote
  • Products
    • Automobile
    • Business & Commercial
    • Flood
    • Health
    • Homeowners
    • Life
    • Medicare
    • Recreational Vehicles
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • Blogs
  • About Us
    • About Us
    • Location(s)
    • Privacy Policy
  • Contact
Icon Auto Icon Home
Icon Business
Icon Life & Medicare Plans
Icon Flood Icon Recreational
Home > Blog > Yes, We Can Insure Your E-bike!
MONDAY, OCTOBER 11, 2021

Yes, We Can Insure Your E-bike!

Electric bicycle

The popularity of electric bicycles, or e-bikes, has soared over the past couple of years—sales were up 145 percent between 2019 and 2020, according to market research firm NPD Group. If you’re one of the many people zipping around for fun, or even commuting to work with a little help from an e-bike, you might wonder if you need insurance for your new toy. 

Do I really need insurance for my e-bike?

While Florida doesn’t require insurance for e-bikes as long as they’re not capable of going more than 28 miles per hour, it’s not a bad idea to carry it. Here’s why:

The main reason is that while your homeowners or renters insurance policy may provide some coverage for an electric bike under personal property (be sure to check with your insurance company for details), that coverage will likely be limited and subject to your deductible. In addition, you’ll need to make sure you have adequate coverage for your injuries if you’re hurt while riding, and for protection for your liability if you injure someone or damage property while riding your e-bike.

Since e-bikes are heavier and more complex machines, and they travel faster than a pedal-only bike, the potential for injury (to rider or pedestrian) and property damage is greater. And since e-bikes are more expensive than standard bikes, if yours is stolen or damaged, you may find it a financial hardship to replace it. Quality e-bikes often cost thousands of dollars.

What does e-bike insurance cover?

The good news is that a standalone e-bike policy is usually inexpensive—policies start at around $100 a year. Cost depends on the coverage you choose, the value of your e-bike, and your deductible.

Basic bike policy coverages include:

  • Physical damage to your bike if you hit something—another vehicle, a curb, a tree, and so on.
  • Liability if you’re at fault and you injure someone or damage property.
  • Theft and vandalism—coverage to repair or replace your bike if it’s stolen or vandalized.
  • Uninsured motorist—coverage that pays for your injuries if you’re hit by an uninsured driver (and unfortunately, we have many of those in Florida).

We can insure your e-bike!

Whether you use your e-bike to commute or just for recreation, protect your investment and your personal liability with a standalone electric bicycle insurance policy. Give Lakewood Financial a call at 941-747-4600, or contact us online for a quote. Happy riding!

Posted 11:00 AM

Tags: electric bikes, e-bikes, e-bike insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • homeowners insurance(23)
  • auto insurance(9)
  • car insurance(9)
  • flood insurance(6)
  • commercial insurance(5)
  • medicare(4)
  • insurance premiums(3)
  • hurricane season(3)
  • commercial property insurance(3)
  • business insurance(3)
  • property investors(3)
  • hurricane preparation(3)
  • medicare advantage(3)
  • water damage(3)
  • medigap(3)
  • lawsuits(2)
  • commercial auto insurance(2)
  • homeowners insurance premiums(2)
  • insurance scores(2)
  • hurricanes(2)
  • fire(2)
  • independent insurance agent(2)
  • independent agents(2)
  • private flood insurance(2)
  • builder's risk(2)
  • life insurance(2)
  • property investors insurance(2)
  • local independent insurance agency(2)
  • insurance news(2)
  • cost of insurance(2)
  • credit scores(2)
  • medicare supplement(2)
  • florida homeowners(2)
  • independent insurance agency(2)
  • florida insurance(2)
  • condo(1)
  • umbrella insurance(1)
  • florida tornadoes(1)
  • nfip(1)
  • young drivers(1)
  • ho-3(1)
  • ho-6(1)
  • driving safety tips(1)
  • sb 2a(1)
  • home maintenance(1)
  • deductibles(1)
  • grilling(1)
  • falls(1)
  • flooding(1)
  • allstate(1)

View Mobile Version
Insure your needs today!
Social Social Social Social
Quick Links
Home
Get A Quote
Customer Service
Payment Options
Report a Claim
About Us
Our Carriers
Blog
Contact Us
Location 11015 Gatewood Drive
Suite 101
Bradenton, FL 34211

Ph: 941-747-4600
info@lwfinancial.com
A Pacific Crest Services Affiliate Agent