Happy 2022! It’s pretty amazing how the time has flown by. We hope your year has been off to a great start.
In November, 2020, we wrote about e-bikes. At that time, insurance carriers were not quite sure if they wanted to insure them as a motorcycle, include them on your home/renters policies, or just exclude coverage altogether. After more than a year, we have an update.
One, of the insurance carriers, we work with offers a pretty decent policy for e-bikes. On average, the cost of the policy is less than $400/year. The insurance company insures it like a motorcycle, with comp and collision coverage, liability, theft, etc. The driver can be as young as 14 years old. Once they turn 16, they do want a driver’s license number on file.
If you have an e-bike and you are interested in getting coverage for it, please let us know if we can help.
We realize spending $400/year may seem like a lot of money for a $2000+ or - toy. But, in the big picture, insurance is piece of mind protection for either yourself or for your children.
