Is my bicycle not already insured under my household insurance?
A classic household insurance policy only covers the risks of any damages arising from fire, water, natural hazards and theft. Consequently, such policies do not provide insurance cover for any damage to bicycles or e-bikes within the household without supplementary cover having been taken out, except for any damage caused by one of the aforementioned risks. It must also be noted that incidents of theft are only insured if such an event takes place within the home, unless you have taken out the more expensive “simple theft away from home” supplementary cover. Your bicycle or e-bike will often depreciate in value rapidly within your household insurance policy. Under our insurance policies, the key factor for determining the amount of compensation you will receive is the age of your bicycle or e-bike at the point in time at which you took out the insurance policy. If, for example, you take out an insurance policy from us up to three years after you purchased your bicycle, you would receive the “as-new” price of the bike as the maximum sum over entire term of the insurance.
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