Canyon bike insurance

We cover your bike all year round for up to maximum 5 years.

An insurance policy intended for Canyon bikes only.

The insurance is intended for people aged 18 and over who are officially resident in Sweden.

Your bike is intended for private or commercial use (e.g. as a courier, deliveries, etc.).

If your bike is stolen, we will reimburse you after deducting the excess.

We will also reimburse you for damage if it is the result of an attempted theft.
No depreciation is applied to the compensation calculation during the first 36 months (3 years) of the bike. As from the 37th month, a depreciation is applied. The minimum amount of compensation is set at 50% of the insured value as shown in the table of benefit in the terms and conditions and policy schedule.

Your bike is covered against damage resulting from accidents, vandalism, flooding, fire and other external factors.
We will reimburse you for the cost of repairs after application of the excess.
No depreciation is applied to the compensation calculation during the first 36 months (3 years) of the bike. As from the 37th month, a depreciation is applied. The minimum amount of compensation is set at 50% of the insured value as shown in the table of benefit in the terms and conditions and policy schedule.

The guarantee applies when the insured is immobilized and unable to complete his journey with the insured bike due to a:

• Accident
• Theft
• Vandalism
• Bodily injury consecutive of the use of the bike

As soon as your bike is delivered your insurance will be activated. You will then receive a confirmation e-mail with your policy schedule, general conditions and the cancellation form.

In case of theft or total loss:

• Contact us here to report a claim.
• You will receive a compensation by bank transfer corresponding to the value of your bike.

If your bike needs repair:

• Contact us here to report a claim.
• You will be compensated for the repairs. We will either send someone to carry out the repairs or you will have to go to a repair shop if the damage is too extensive.
• If it is not possible to repair your bike, you will receive a compensation by bank transfer corresponding to the total insured value minus any excess and depreciation.

In the event of theft and total loss:

• No excess is applied

In the event of repairable material damage:

• An excess of SEK 350 per claim will be applied.

If the theft of the bike occurs when the bike is not locked by the frame or app lock provided by the manufacturer (if applicable).
If the bike was in a place accessible to the public and was not secured to a fixed point by the frame with an agreed lock and not locked in accordance with the manufacturer's instructions, such as a frame lock or locking by means of an application (if applicable).
If the bike was in a locked common room and was not secured to a fixed point by the frame with an agreed locked and not locked in accordance with the manufacturer's instructions, such as a frame lock or locking by means of an app (if applicable).
The wheels, tyres, or battery if they are stolen separately from the bike.
If you cause damage to a third party while riding your bike, the insurance does not cover your liability.
Purely aesthetic damage (e.g. scratches or dents).
Damage resulting from a breach of trust or fraud.
Portable bike related accessories (e.g. bike computers and/or navigation equipment), which are easily removable without using screwdrivers or other regular tools, are excluded from coverage in case of theft.

You will not be covered if you make technical modifications to the bike. However, you can add accessories such as a mudguard or child seat, but these will not be covered under this insurance unless they are originally delivered and fixed to the bike (for a maximum amount of SEK 1.000).
All fixed original accessories and additional accessories that have been specifically included within the insured limit are covered for the original purchase price (minus applicable excess and depreciation if applicable), for so far they are firmly installed on the bike.

Theft and material damage cover is valid in the countries of the European Union, in the United Kingdom of Great Britain, in the principalities of Andorra and Monaco, in the Vatican City, Iceland, Liechtenstein, Norway, San Marino and Switzerland.

In the event of theft, you must report it to the police or judicial authorities within 24 hours.
You must submit a copy of the police report to us at the time of the loss.
You must notify the claim as soon as possible after the incident and within 8 days of becoming aware of it.
You must keep the original invoice for your bicycle.
You must lock your bike in two ways:

• With the frame lock and / or via the application on the bike, used in accordance with the manufacturer's instructions (if applicable).
• You must attach your bike by the frame to a fixed point (e.g. bike rack, post) by using an agreed lock, that is either [AXA Hiplok, Kryptonite, Linka (with chain), Master Lock, texlock, Trelock] VdS approved lock of class A+ or B+ , ABUS (Security 10 or higher), ART (category 2 or higher), FUB (category 2 wheels or higher), or Sold Secure Silver (or Gold), Onguard or SRA Locks.

You may cancel the insurance contract within 14 calendar days of receiving the policy documents without charge or penalty. Cancellation takes effect immediately after notification. You will receive a full refund of the premium paid as long as you have not made a claim and do not intend to make a claim.

You can at any time give notice that the insurance policy shall terminate at the conclusion of the policy term.
As from the second year of insurance you can cancel the insurance anytime. The insurance contract will then end 1 working day after notification.
If you are offered a renewal of the insurance contract, you may cancel the renewal by contacting us by email to bike@qover.com. You can also cancel the insurance contract after a claim, no later than 15 days after payment or a refusal to pay compensation. The insurance contract will then terminate 15 days after notification. You must inform us by registered letter or email to bike@qover.com.

You pay the premium annually.
Your bike can be covered for a maximum of 5 consecutive years.
The duration of this insurance contract is one year.
After five years of insurance (or when your bike reaches 6 years old), we will terminate the contract.

If you wish to report a claim, you can contact Qover via this online form.

You can reach Qover from Monday to Friday between 9 am and 4 pm on +46 20 88 98 27, or by e-mail at claims@qover.com.

Information document on the insurance policy

General terms and conditions

Data privacy policy

Complaints

Conflicts of Interest