One of the big success stories of the lockdown has been electric bikes, with sales tripling during last summer. If you’ve joined the trend of whizzing along on a powered bike, you might not have much information — including what you need to do about insurance.
The legal definition of an EAPC (electrically assisted pedal cycle) is that its electric motor can’t have an output more than 250 watts and must cap assistance at the speed of 15.5mph. If it meets this requirement, anyone aged fourteen or over can ride it in public without needing a licence.
There’s also no legal obligation to insure an EAPC, as there is for a car or motorbike — but that doesn’t mean you should ignore insurance. After all, electric bikes can cost anything up to £5,000, so it makes sense to give yourself the peace of mind that you can make an insurance claim if it’s stolen or damaged.
In fact, you may be able to cover an electric bike under your home insurance, if you declare it as a single item. This process is normal for ordinary bicycles, but there’s likely to be a limit for an item’s value under your general policy. If you’ve gone for that top-of-the-range £5,000 model, you’ll almost certainly have to take out a separate policy.
What’s Covered by Electric Bike Insurance?
Although different policies vary a little, most will cover your electric bike for theft, personal accident and accidental or malicious damage. In general, if you bought your EAPC new, replacement will be on the basis of an equivalent new bike, while a second-hand bike will be compensated according to market value.
The insurer may offer additional cover, such as for third-party liability (in case of a claim made against you for an accident), accessories or roadside breakdown assistance. On the other hand, there are various situations where the loss adjuster is likely to turn down your insurance claim, including:
- Wear and tear or damage not caused maliciously or through accident.
- Theft of a bike that’s inadequately secured.
- Any incident occurring while you were under the influence of alcohol or drugs.
- Any claim where you’re unable to prove your ownership of the bike.
As in the case of any insurance policy, Allied Claims would strongly advise you to go through a reputable insurance broker, who can explain exactly how to make sure you’re covered for what you’re likely to need.