October 29, 2024 - BikeInsure, an American insurtech company specializing in bicycle insurance for cyclists, was founded in 2021 by Buzzy Cohn, an avid cyclist who had a bicycle accident that made him aware of shortfalls in the insurance industry for cyclists.

“I created BikeInsure due to a bicycle accident and a home insurance fiasco,” said Cohn who faced a large deductible and possible cancellation of his policy following an accident.

“Traditional bicycle owners assume that a homeowner’s insurance policy adequately covers their bike. E-bikes, since they are classified as motorized vehicles, may be excluded from homeowner’s insurance policies.”

While most home insurance policies allow you to add coverage endorsements for valuable personal items such as art, jewellery, or a $10,000 bicycle, and simply pay a premium, coverage for e-bikes is not always straightforward.

BikeInsure Comprehensive Bicycle Coverage provides up to $10,000 in coverage per bike, and it can be purchased for $16.99 per month. The policy covers e-bikes, road, mountain, triathlon, gravel, fat bikes, cyclocross and cargo bikes, including accessories in the event of damage/loss caused by riding accidents or while in transit, with a $100 deductible.

They also offer optional Bicycle Theft Insurance, which is available for an additional $8 monthly, with a $250 deductible.

The company is the official bike insurance of USA Cycling, the International Mountain Bicycling Association (IMBA), the League of American Bicyclists, the Belgian Waffle Ride and the Adventure Cycling Association.