Is Your E-Bike Covered On Your Homeowners Insurance?

While many are flying by you on the road in their sports cars or motorcycles, you may have noticed an influx of people zipping by on their electric bikes, AKA, e-bikes. Here in the Utica area, we have become fascinated by this form of transportation and wanted to learn more about them, so we decided to do our research!  

An e-bike is no more than 36 inches wide and has an electric motor of less than 750 watts. Even though it’s run on electric power, it still has pedals like a bicycle. Yes, it may look like a normal bike, but the top speed of 20mph differentiates it from other bikes. (Besides those e-bikes that can go above 20mph). Since many use this as their form of transportation, it was approved by the Consumer Product Safety Commission. 

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Even though e-bikes may not be the fastest way to get to and from locations, the cost of them can make up for that factor. These specific bikes can start anywhere from as low as $1,000 and go up to $7,5000 for an electric mountain bike. 

Even though NYS does not allow individuals to register their e-bikes like they would a car, there are some streets and highways you’re allowed to operate the bike on, thanks to the NYS law passed in April 2020. Those roads and highways you’re permitted to drive on must be 30mph or under, or else it’s not allowed. 

Insurance for E-Bikes

Of course with owning an e-bike, or any kind of personal asset, comes insuring them to prevent any additional costs that may occur if there’s any damage done. Since these bikes are not technically valid forms of cars or motor vehicles, they can be claimed under your homeowner’s insurance. Since this is part of your personal belongings or property, you may able to bundle it with other items listed under your insurance, based on who your provider is.  

Due to the sudden surge in e-bikes, many insurance companies are still determining whether to include them in coverage programs. While we encourage you to contact us with any questions you have about coverage for your e-bike, this article does not confirm your eligibility. 

And when it comes to e-biking the streets of Mohawk Valley, be careful and stay safe!

Until next time,
Your SZW Team

SZW Insurance is your Utica area Trusted Choice™ independent insurance agent. Call us for a quote on insurance for your home, car, business, or life at 315.792.0000. Or request a quote here. In Westchester County call Zak Scalzo at 914.246.0315 or email at zaks@szwinsurance.com.