Bicycle Broker Specializes in Insurance for the Cycling Community
PRESS RELEASE: Bicycle Broker
Getting a bike stolen sucks. It doesn’t matter if it's the MTB you spent your life savings on or the commuter you ride to work everyday. When you go to grab your bike, and it’s not there, you experience all the stages of grief and loss at the same time.
If only there was someone that had your back, with insurance policies tailored to the unique needs of cyclists.
Introducing, Bicycle Broker.
We are a rider-owned, Vancouver-based, insurance service that specializes in serving the cycling community.
The founders of Bicycle Broker have worked with top professionals in the cycling industry for years. They first specialized in unique travel and medical coverage that met the needs of athletes.
Then they realized there was another problem. There were few viable options to insure a bicycle. Most of the existing insurance policies included bikes under a home insurance policy. Which is ok but, there were lots of exclusions: no coverage for high value bikes, claims denied for bikes stolen while in use or away from the insured residence, etc..
To fix this problem the team at Bicycle Broker went to work designing a comprehensive insurance solution specifically for cyclists. Their initial service offering includes 3 main policies that cover your bike, your home, and your body.
1) Unique theft & Damage for your bike(s) - bicyclebroker.ca
- Coverage for any and all bikes - MTBs ,E-bikes, custom/handmade builds and even second hand bikes.
- Damage coverage - Bicycle Broker's Specialist Bike Coverage allows policyholders to file claims for damage to their bike that occurred while riding. If damages are not first covered under warranty, then a claim can be made. **Does NOT cover normal wear and tear.
- NO existing insurance required
- Claims do NOT affect your existing property insurance history
- Low deductibles, starting at $250.
Rates for the average $3,000 CAD mountain bike start at $15/month with a $250 deductible.
2) Review your home, condo or renters insurance for improved sports equipment coverage and competitive rates. bicyclebroker.ca/homecoverage
3) Travel, Disability and Life insurance options that do not exclude amateur or professional mountain biking pursuits. bicyclebroker.ca/illnessdisability
Bicycle Broker is the choice of riders like Matt Macduff
Check out what other cyclists are saying about Bicycle Broker.
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But, I've had various home insurance from a few different big names like BCAA, TD and now Square One and they all offer significantly cheaper bike insurance while covering just as much if not more.
My current policy with Square One covers bikes up to $3000 with no additional fees. I added $17,000 of specific bike and sporting goods insurance that covers my families bikes, snowboards, skis and other sports equipment... and costs me $4.00 a month (less if you insure for less and my deductible is just $500.
There are basically no limitations... bike breaks while riding, stolen from anywhere, etc. I asked a ton of questions and they basically don't care what happens to it, they'll just give you the cash for a new one. All I had to do is upload my invoice.
And Square One has been great to deal with. Just had a finished basement flood a couple months ago... and they took care of everything perfectly, zero issues.
On another note... don't need it this year, but for next years race season, do you offer race bike insurance coverage? (covers damage to a bike during a race) In the past I've purchased my policy through CyclingBC's partner program with a local broker, but would be interested in what you might have to offer.
EDIT: "Specialty Property Listing - For any of the items described below, the maximum payable in the Policy Wordings is hereby waived."
email: info@bicyclebroker.ca with subject "Competition bike coverage" and we'll hook you up. Thank you.
bicyclebroker.ca/forms/commercial-liability-quote-request-form-bbcl
Happy trails!