• RBWells@lemmy.world
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    3 days ago

    I put it higher up, but the cost to insure my USD2k bike is $25 per year. That covers theft, accident damage, liability, I keep it as theft insurance and very sure its worth it.

    Insurance is gambling, and the house always wins, right? 24 of that $25 is probably theft insurance, the chance of injuring someone else on the ebike is not zero but so low it’s immaterial.

    • RBWells@lemmy.world
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      2 days ago

      You may be right, it’s written more for racing bikes (human powered) than motored bikes of any kind, so covers damage and accessories and loss of use.