Not all home insurance policies are made equal and whilst your home insurance policy might provide some cover for your bike(s), it's not likely to be adequate or cost-effective for an avid cyclist like you!
Here we give you some tips on what to look out for in your home insurance policy when assessing whether you need cyclist-specific cover:
Max value limits
Most home insurance policies will require you to specify bikes above a certain value and will have a maximum value for all bikes, often only a few thousand pounds.
The max value restrictions under most home insurance policies just aren’t good enough for cyclists with a serious n+1 addiction!
At Laka we'll cover any bike between £300 and £15,000 and collections up to £30,000 and £2,000 worth of accessories. We insure some seriously sweet custom rides as well as trusty steel commuters.
Cover away from your home
Some household policies will only cover your bike whilst it's at your home.
A household policy may not cover you outside the UK whilst you're bike packing in New Zealand, training in Tenerife or at that big race in Belgium.
Laka covers you worldwide for up to 120 consecutive days and we settle claims fast to get you back on the road, wherever you are.
Most home insurance policies won't cover you during races or even sportives.
We cover all types of races so you know we've got your back when the flag drops.
Cost
Covering your bike(s) on your home insurance policy might not be the most cost-effective thing to do. Not to mention the negative impact making a claim might have on your future premiums.
The Laka Collective pay the true cost of claims each month via their share.
Excess
Unlike your home insurance, your Laka policy won’t have any excess!
Claims
Home insurers cover everything from toasters to trampolines so when you come to claim, the chance of dealing with someone who knows their 12 speed eTap from their kitchen tap is slim.
Before settling a claim your home insurer might look to apply depreciation to the value of your bike and hit you with a hefty excess. At Laka we'll do neither!
Our claim experts spend all day every day getting your gear repaired or replaced to get you back on the road.
We speak your language and we settle claims fast. It’s what we do. Check out our reviews >