Velosurance Introduces $500,000 Liability Coverage for E-bike Owners

December 24, 2024

Velosurance announces an industry-leading $500,000 liability coverage option for e-bike owners, addressing rising concerns over accidents, property damage, and battery-related risks, while offering flexible, customizable protection for both e-bike and conventional bike riders.

FORT LAUDERDALE, FL (Dec 24, 2024) /ENDURANCE SPORTSWIRE/ — Velosurance, a leading provider of insurance solutions for cyclists, has announced an exciting new offering: up to $500,000 in optional liability coverage designed to address the liability concerns of e-bike riders. This addition underscores Velosurance’s commitment to addressing the unique challenges faced by the growing e-bike community.

The rise in e-bike adoption has transformed the way people commute and recreate. However, the convenience and popularity of e-bikes bring an increased exposure to liability risks, which can leave e-bike owners vulnerable.

Addressing Growing Concerns

As e-bike popularity continues to expand, so do the associated risks. Accidents involving pedestrians and motor vehicles have become a significant concern. Collisions often result in injuries, property damage, and, inevitably, legal disputes. Velosurance’s liability coverage ensures that e-bike owners are shielded from the financial burden of paying a law firm to defend them should they be named in a lawsuit.

Policyholders with existing personal liability umbrella coverage will additionally benefit from this new $500,000 limit, as it meets the underlying coverage requirements often mandated by personal liability umbrella policies. Pairing high-limit liability coverage from specialized e-bike insurance with the coverage afforded by personal liability umbrella coverage creates a seamless solution for e-bike owners seeking comprehensive protection.

Battery-related hazards represent another critical area of concern. While generally safe, lithium-ion batteries can be susceptible to thermal runaway, which may lead to combustion. A number of fires caused by e-bike batteries have prompted some multi-family residential buildings to require high-limit liability insurance for e-bikes stored on-premises, highlighting the increasing recognition of these risks. Liability coverage from Velosurance includes protection for battery-related incidents.

Flexible and Optional Coverage

Velosurance’s liability coverage can be enabled at the time of purchase, or added to any active policy via a convenient client portal. Riders can choose from a range of coverage limits, including $25,000, $50,000, $100,000, $300,000, and the newly introduced $500,000 option, allowing for customized protection based on individual needs. Notably, this optional liability coverage is also available to conventional bike owners, extending its benefits to the broader cycling community.

A Trusted Partner for E-bike Owners

“E-bike owners face unique risks that require specialized coverage,” said Dave Williams, Co-Founder of Velosurance. “Our new $500,000 liability coverage is designed to meet these needs, offering protection and confidence to riders in an increasingly complex environment.”

Velosurance’s policies also address common concerns such as theft, damage, and personal accident coverage, making it a one-stop solution for e-bike and conventional bike riders.

For more information about Velosurance’s liability coverage for e-bike and conventional bike owners, visit velosurance.com.

About Velosurance

Founded in 2012 by two avid cyclists, Velosurance is dedicated to addressing the insurance needs of cyclists, including those riding e-bikes. A specialized bike insurance policy from Velosurance offers theft and accidental damage coverage and can be extended with optional coverages such as liability, medical, uninsured motorist, racing, and worldwide. Multiple coverages with varying limits can be added to address the specific risks associated with the individual’s cycling lifestyle. With a focus on protecting riders and their investments, Velosurance continues to lead the way in innovative cycling insurance products. For more information contact us at info@velosurance.com.

Policies underwritten by Markel American Insurance, 4521 Highwoods Parkway, Glen Allen, VA 23060.