Where to find insurance for a bicycle at the end of the lease?

4 years ago, thanks to a cafeteria plan, Isabelle equipped herself with a speed pedelec worth 4,590 euros. This is an electric bike whose pedaling assistance can reach up to 45 km / h.

This lease will soon come to an end and Isabelle has the opportunity to permanently acquire this becane for 270 euros. That’s the decent thing to do, and it should end there almost 100,000 bicycles are stolen every year in Belgium.

obstacles

At the beginning of his research, she encountered two obstacles. The type of bike – for example, Yuzzu does not “yet” insure speed pedelecs – and his age. Axa and P&V do not offer any flight guarantees for bicycles over one year old. At Ethias, this applies to bikes older than two years, while Baloise only insures new bikes.

Solutions

Without decorating, Isabelle continued her market tour to find a company ready to offer her flight coverage, and wow, it exists!

This is especially the case with AG Insurance. “We regularly receive requests to insure second-hand bikes, which are still of considerable value and are more than two years old,” said Laurence Gijs, who took her free. Under certain conditions, this insurer may respond favorably.



“We regularly receive applications to provide second-hand bikes that are still of considerable value and are more than two years old.”

Laurence Gijs

spokesman for AG Asigurari

Insurance can be based on one “second hand” invoice issued by a professional reseller official approved by the bicycle brand. “We start from the principle at that moment that the deed gives a correct current value.

When a customer buys the bike from an individualinsurance can then based on an expertise performed at a bicycle dealer of the mark concerned. “The seller of bicycles can face an assessment of the value of the bike and record it in an official document that he gives to the customer. The insurance can be taken out on the basis of this value.”

As part of an insurance that follows a lease“Bicycle insurance could be offered using the original invoice for the bike (since it is a resumption of an existing insurance policy), but as the bike is more than 4 years old in the case stated, which will not be interesting for the customer d’assurer sur the basis of value in the manufacture of origin. The depreciation is high because the date of the original invoice is taken as the starting point and the premium is therefore too high in relation to the amount that is actually paid in the event of a claim. ”

“In order to obtain insurance based on a fair value, we also recommend that you have it evaluated the value by a professional seller of this bike brand. “

Note that if you stipulate well to the insurance companies that the bicycle was already insured for a guarantee against an insurer previously or from the leasing company, it is possible to derogate from the rule that a bicycle over one or two years of age cannot be insured against theft.

This is the case among others at Axa, Belfius, KBC or bis Yuzzu. „If it is a return of a bike insured elsewhere, even if it is already a few years old, our acceptance conditions for flight coverage are more flexible, with proof that the bike was well insured until the date of recovery and that it is in good condition“Belfius said.

rates

For a bike one value of 1,000 euroscount 48 euros on an annual insurance basis Vol et Dégâts Materels chez AG Insurancee.g, 82 euros for a value of 2,500 euros, et 132 euros for a value of 4,000 euros. Chez BelfiusIsabelle should get away with it 155 euros. But this rate may vary depending on your place of residence.

If you need, you can also add a cover Assistance (15 euros at AG Insurance) and coverage Accident (42 euros). Finally, “note that there is no specific time limit for subscription of a Top Bike (the name of our insurance) after the end of the lease”Concludes Laurence Gijs.

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