Karl does not have a deductible. The maximum amount you receive in a claim reduces year by year. In the first year after signing up, you receive 100% of the insured value in the policy, in the second year 80%, and from the third year onwards 70% of the insured value in the policy. This only applies to total loss claims.

For example, if in the third year after signing up you damage your fork in a fall and it needs to be replaced, you will receive the full value. The same applies to all partial damages. Up to the maximum amount (depending on the year the damage occurs, i.e., 100%/80%/70% of the insured value in the policy), all damages are fully covered by Karl.