As e-bikes become increasingly popular, many people are looking for insurance to protect their investment. Unfortunately, e-bike theft is on the rise, with an estimated 1.3 million stolen in 2024. However, since about 60% of thefts go unreported, the actual number could exceed two million. Having proper coverage can help you recover the cost of a new e-bike in case of theft or damage.
Auto Insurance
While you may want to add your e-bike to your auto insurance policy, this is typically not an option. Auto insurance policies are designed for vehicles that must be registered with the DMV, such as motorcycles or automobiles.
In Clarinda, IA, e-bikes are usually classified as bicycles, meaning most insurance companies won’t allow them to be added to an auto insurance policy. However, it’s always a good idea to speak with an agent at Sump Insurance to explore your options, as policies can vary by company.
Other Options
If you can’t add your e-bike to your auto insurance policy, there are still other ways to protect it. Check your homeowners or renters insurance policy to see if theft from your property is covered. Additionally, some companies offer toy insurance, which may be applicable to your e-bike.
Toy insurance, often referred to as recreational insurance, is designed for a wide range of vehicles outside the standard definition. Many people use these policies to cover items like four-wheelers, ATVs, trailers, dirt bikes, and snowmobiles.
Speak with an experienced agent at Sump Insurance to explore the options available for your e-bike. Our team will work with you to find a policy that fits your needs. Contact us today to learn more. We proudly serve the Clarinda area.
