Insuring your e-bike
Well, I did it. Having heard from my clients about how much they loved their e-bikes I bit the bullet and purchased my commuter e-bike. The plan is to use it to commute to my lectures in Hamilton (1 1/4 hours ride each way). I got one ride in, then the weather was foul, then we got locked down. But I still love my bike (but still ride my non e-bikes as well).
So I thought it was important to understand about whether my fire and general insurance policy covered my e-bike.
E-bikes aren't cheap, but are easy to steal. The AA reports that more than $1 million of bikes have been stolen in the last year, with $225,000 of these being e-bikes. Because they are valuable and left in the open, they are a great target for thieves, they even use bolt-cutters to cut your lock. They then go and buy a charger online or from a bike store and flog them off on Trade-Me or elsewhere.
Because of the global supply chain issues it is hard to find an e-bike to replace one when it has been stolen. Thieves are stealing from your private property, from your garage if the garage door is left open, there is a great market for e-bikes on the second hand market. Easy money.
Because of the value and portability of your e-bike it is likely to need to be a specified item on your insurance policy. Some policies are only replaced new for old up to a certain age. But remember, you may only get the current (depreciated) market value for your e-bike, best practice is to get a rugged robust D Lock, or one with a wire running through it.