Insurance companies tend to follow market needs and make available new products as there is a higher demand for those items.  E-bikes and Compact Tractors are two such items that are very popular these days.  In typical insurance coverages, there are gaps of coverage, and PROGRESSIVE Insurance has stepped up to fill those gaps.  They now offer separate insurance coverage for each of these, and it’s pretty comprehensive in scope.  Let’s get the specifics on the E-BIKES.

• What is an E-BIKE?
  • It’s a bicycle with pedals and an electric motor that can assist in propulsion
• What are the insurance benefits?
  • Protection against theft or accidents whether the e-bike is used on-road, on bike paths, or off-road.
  
  
  • Coverage up to the actual cash value of the e-bike (whereas a homeowners policy may impose limits)
  
  
  • Coverage of accessories up to $3000 is automatically included when Comprehensive coverage is selected – and there is no depreciation taken on accessory losses.
  
  What we can’t insure under this program:
  • E-bike that is registered as a moped or other type of on-road motor vehicle
  
  
  • E-bikes made before 2010
  
  
  • Specialized coverage such as Carried Contents, Safety Riding Apparel, and Roadside Assistance to cover all of your needs.
  
  
  • When the e-bike is used for delivery or commercial purposes.

We’re seeing more and more of these on the road and bike paths these days.  It is now easy to get affordable insurance to protect your investment.  Consider your need for this if you own an e-bike or are considering purchasing one soon.

Feel free to reach out if we can help you with your insurance.  We do our best to be available when you need us most.  And if we are not, we have other avenues for you to connect.  TEXT or CALL 615.377.1212, visit www.BentonWhite.com for a variety of information and service features that can assist you 24 hours daily.  Please EMAIL us at info@BentonWhite.com, or you can respond by text directly from our website. 

We’re here – doing our best to earn your business.  And if you aren’t with us yet, COME on over!  We’ll treat you like we want to be treated, and we will KNOW who you are in a language you can understand.

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