Velosurance is a relatively new company, having gone live in January 2013, but it’s been a project for founder Dave Williams since 2009.
The idea is to provide the type of coverage that cyclists, particularly those that race, really need but probably aren’t getting through their homeowner’s policy. Assuming they even have a homeowners policy.
Policies start at $100 per year, and that’ll buy you theft/damage coverage on a bike in the $1,200 to $1,500 range. You can put more than one bike on a policy, which provides a per-bike price break. With a few options and a $12,000 race bike, a premium can run about $600. If you’re regularly jumping into a domestic crit
wreck race (their coverage mainly applies to claims from incidents in the US and Canada, but worldwide incident coverage is available), it could very well be worth it. It’ll even cover your entry fee and the Spandex that’s now smeared across the asphalt.
Click through to check out some of the options and see why it took so long to get this thing off the ground…
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