What can bicycle insurance cover?

Coverage for your bike

Bicycle physical damage insurance protection

Covers repairs or replacement of your bike if it is damaged or goes missing. You pick the value limit of your bike, and we can cover things like vandalism, crash damage, or a collision with another rider. We can even offer insurance protection to you while racing. Deductibles range from $200 to $500.

At no additional cost, bicycle physical damage insurance protection can also include:

Protection for spare parts and accessories - Up to $500 in coverage for spare parts and $500 for riding apparel per claim ($1,000 total per policy term).

Replacement cost coverage - Your bike is insured at full value.

Theft protection - At or away from home.

Transit protection - Protects your bike while it's in transit (by land/air) to and from a location within the United States and Canada.

Worldwide physical damage protection

We also offer worldwide physical damage insurance protection for when you travel outside of the US/Canada with your bicycle.

Coverage for you

Bicycle liability protection

Bicycle liability coverage helps protect you if you are responsible for injuries or property damage to another person or their belongings while using your bicycle. Limits range from $25,000 to $100,000.

Vehicle contact protection

This added coverage gives you the insurance protection you need in case you are hit by a vehicle that doesn’t carry the proper insurance protection to cover your losses.

Medical payments

Cover your medical costs if you are injured while riding–up to your policy limit. Limits range from $1,000 to $10,000.

Roadside assistance

With this coverage, you can get nationwide 24-hour emergency service with up to 35 miles of transportation per breakdown–all for only $12 a year per bicycle.

Special protection for competitive cyclists—at no extra cost!

Rental reimbursement

We offer coverage for renting a substitute bicycle if your bike is damaged or stolen while you are away from home and participating in an organized ride—up to $250 per occurrence.

Competitive event fee reimbursement

Helps cover nonrefundable prepaid entry fees up to $500 ($1,000 total per policy term) if your bike is involved in a covered accident, and you are unable to compete or participate.

NEW: We’ve expanded our electric bike insurance program.

Markel now offers coverage for three classes of e-bikes:

Pedal assist e-bike with top assisted speed of 20 mph

Throttle assist e-bike with top assisted speed of 20 mph

Pedal assist e-bike with top assisted speed of 28 mph

Electric bike motors must be 750 watts or under.