It’s simple: if you own an electric bike, you’re exposed to the risk of e-bike theft and injury. No matter how careful you are, unexpected accidents can occur. It is always good to have a strong insurance plan in place to protect yourself from legal fees and proceedings.
Let’s look at four reasons why getting an insurance policy is a good idea for e-bike owners.
Protection Against Damage and Theft
A bicycle is stolen every 30 seconds in the US, making e-bike insurance a necessary safety measure for every e-bike owner. With the correct insurance coverage, you’ll be compensated for the cost of replacing your bike.
Since the cost of replacing a bike is very high, you want to get your e-bike insured. Decent insurance coverage will cover any repair expenses, whether your e-bike was damaged accidentally or deliberately.
Financial Safety in Case You Get Injured
Bike accidents involving serious injury are quite rare. However, should something unfortunate occur, e-bike insurance will ensure that you are compensated for your losses. With a financial cushion in place, you can focus on your recovery without stressing monetary expenses.
Buying a New Ebike is More Expensive
If you’re planning to purchase an e-bike or already own one, you know how expensive they can be. You can get a high-end bike in the $1,000 to $3,000 range, while a decent e-bike will cost as much as $12,000. An investment of this magnitude demands comprehensive insurance coverage in the event of loss or damage.
Additionally, electric bikes are often more sophisticated, with mechanical, electrical, and computer-driven systems. They tend to travel at high speeds and for long periods of time, making them more vulnerable to damage or theft.
Avoid Pesky Legal Fees
When someone else is responsible for causing an accident that you were not involved in, you can file a lawsuit against them. Ebike insurance often covers legal expenses, giving you the peace of mind you need to resolve the problem quickly and effectively.
If the accident occurred in a packed city center, there’s a high chance you were to blame for the collision. Third-party liability coverage can be crucial in this case, or in other events of an accident involving another vehicle.
Premium Ebikes in Bonita Springs, FL
If you’re looking for a reputable e-bike, e-motorcycle, or golf cart retailer in Bonita Springs, visit SWFL Golf Carts. Customers can count on them for high-quality electric bikes and bicycles at affordable rates. They also offer convenient financing services where customers can rent an e-bike before purchasing it. Contact them to learn more about their services.