Is there a deductible with Karl?

No. Karl has no deductible.

The maximum you receive in a claim goes down with the years since you bought your bike: in the first year after you bought it 100 %, in the second year 80 % and from the third year 70 % of the sum insured. The limit applies to total and partial damage alike, and up to it we cover every claim in full. If, say, you damage your fork in a fall in the third year after buying your bike, we pay for the whole replacement as long as it stays below 70 % of the sum insured.