Electric Bicycle Insurance India

Velosurance is a national bicycle insurance agency founded by two cyclists in response to the insurance needs of bicycle riders nationwide.

Electric bicycle insurance india. Buy an electric bicycle now. As per the indian motor tariff every bike owner in india is mandatorily required to own at least a third party bike insurance policy. Markel offers a stand alone e bike insurance policy that insures e bikes with power assist up to 750 watts with speeds up to 28mph. Driving a bike without an active third party bike insurance policy is a legal offence punishable with a fine of rs.

Electric bike motors must be 750 watts or under. Markel now offers coverage for three classes of e bikes. Pedal assist e bike with top assisted speed of 28 mph. We ve expanded our electric bike insurance program.

2 000 and or imprisonment of up to 3 months. Looking for the best electric bicycle in india. You have to have an e bike insurance policy in place first and then declare the e bike to your umbrella insurance carrier. The policy primarily protects the policyholder against any financial or legal liabilities arising out of losses or damages caused to a third party or their properties.

Miltex spero electric bicycle by a startup manikandan s company milltex. Electric bicycles available online. This is the basic form of insurance mandatory in india. Throttle assist e bike with top assisted speed of 20 mph.

If you wish to buy an insurance policy for your electric bike there are mainly two types of policies you should know about. Cyclists may be unaware they don t need specialty insurance to protect their bicycles. E bike insurance is readily available and affordable. Lightspeed offers high tech reliable and fast electric cycles at the best prices.

Electric bicycles in india miltex spero electric bicycle. An e bike needs its own insurance policy in order to be adequately protected. Markel s electric bicycle coverage protects the ebike from theft damage and more. In many situations bicycles are covered by your standard homeowners renters or condo insurance policy.

Electric bikes and home insurance before you take out a specialist electric bike insurance policy check your home insurance to see what cover you have for pedal cycles. Most contents insurance policies that include bikes have a low cover limit which is likely to be below the value of your electric bike and unlikely to cover bicycle theft away from the home. This has 3 models spero e 30 e 60 e 100. Motor rear mounted geared direct drive hub motor 250 watts.

Pedal assist e bike with top assisted speed of 20 mph. Electric bike insurance does exist and it provides coverage between auto home and renters insurances where there are gaps and fine print exclusions. Battery 48 volts 6. Plus if you re injured on your bike in a collision with a vehicle your auto insurance may even cover your medical bills.