Photo by Team EVELO
In recent years, the adoption of e-scooters and bikes as a convenient and eco-friendly mode of transportation has surged. Many of you have asked about the best way to protect your valuable e-scooters and bikes using an insurance policy. Today, we will explore the options available, including the differences between scheduling these items separately and including them as part of your policy’s contents coverage. We will also clarify the deductibles that may apply or not in each scenario, so you can make informed decisions about safeguarding your prized possessions.

-Scheduling E-Scooters and Bikes
Scheduling your e-scooters and bikes as separate items on your home insurance policy is a tailored approach that offers specific protection for these valuable assets. By doing so, you provide detailed information about each item, including its make, model, and estimated value. A bill of sale will provide an accurate assessment of the item’s worth and ensures it is adequately covered in the event of loss or damage.
Deductibles: When you schedule e-scooters and bikes, some policies may offer lower or even zero deductibles for these items. This means that in the event of a claim, you may not be required to pay the standard deductible amount before your insurance coverage kicks in. However, the specifics can vary depending on your insurance provider and policy terms, so please contact us to review your policy details. Generally when scheduled a claim does not affect your claims free discount should you be entitled to it.

-Including E-Scooters and Bikes as Contents
Alternatively, you can choose to include your e-scooters and bikes as part of the contents coverage in your home insurance policy. Contents coverage typically encompasses your personal belongings, such as furniture, electronics, and other valuables. Including e-scooters and bikes under this category is a broader option for all your possessions not excluded.

Deductibles: Contents coverage typically comes with standard deductibles as outlined in your policy. These deductibles apply uniformly to all covered items, including e-scooters and bikes. Be sure to review your policy documents to understand the deductible amounts that may apply and is generally from $500 to $5000.

Factors to Consider
When deciding whether to schedule e-scooters and bikes separately or include them as part of your contents coverage, consider the following factors:

1. Value: If your e-scooters and bikes are of significant value, scheduling them separately allows for precise coverage and potentially lower deductibles.
2. Customization: Scheduling provides the flexibility to tailor coverage to the specific needs of your e-scooters and bikes.
3. Deductibles: Review the deductibles associated with each option and assess how they align with your risk tolerance and budget.
4. Total Coverage: Consider the overall protection offered by your insurance policy, ensuring it adequately safeguards all your belongings, not just e-scooters and bikes.
5. Special Limits: Some policies have special limits of insurance for bicycles, which may include e-bikes and e-scooters. It is best to check your policy or contact your broker to review.

Insuring your e-scooters and bikes under your home insurance policy is a wise decision to safeguard your investments. Whether you choose to schedule them separately or include them as part of your contents coverage, the right choice depends on your individual circumstances and preferences. We recommend discussing your specific needs with our  team of insurance experts to determine the most suitable and cost-effective solution.