Used bike
Bought used.Insured just as well.
Whether from a shop, a marketplace or a friend: Karl insures your bike for the price you paid. With the same cover as a new one.
In short
Your purchase price is insured
What you paid for your bike is your sum insured. Not what it cost new back then.
A proof of purchase is enough
A purchase contract or an invoice from the seller. You don't need the receipt from when the bike was first sold.
The same cover as new
Theft, crashes and vandalism, worldwide and with no excess. Your bike's age doesn't matter, its condition does.
Anything that was already broken before your cover starts isn't insured. That's why you confirm your bike's condition when you sign up.
Price
Your price, for exactly your bike.
Enter what you paid. You'll see right away what you pay and what Karl pays if something happens. The years count from when you bought it, not from when it was built.
What you pay.
Bike value
| Bike value | Monthly | Yearly |
|---|---|---|
| €5.40 | €59.00 | |
| €5.60 | €61.00 | |
| €6.00 | €66.00 | |
| €7.30 | €80.00 | |
| €9.10 | €100.00 | |
| Monthly€6.10 | Yearly€67.00 | |
What you paid, with all extras. From €250 to €12,000. | ||
What Karl pays.
If something happens, for your bike worth €1,100.
- Maximum payout
- 1st year after purchase100 %€1,100
- 2nd year80 %€880
- from the 3rd year70 %€770
In the first year after you bought your bike up to 100 %, in the second year up to 80 % and from the third year up to 70 % of the sum insured. Up to that amount, we also cover repairs in full.
- Getting home or onward
- up to€110
10 % of €1,100
If you can't ride on after an insured damage, we pay for public transport or a taxi, up to 10 % of the sum insured.
- Rental bike on trips
- up to€110
10 % of €1,100
If you can't ride on during a trip after an insured damage, we pay for a rental bike: up to 14 days, at most €25 a day and 10 % of the sum insured.
- Carbon
- up to€4,000
Fixed amount per claim
More than your bike is worth. So your maximum payout is what counts.
We cover own-fault and crash damage to carbon parts such as the frame, fork or wheels up to €4,000 per claim.
- Your excess
- €0
- Depending on the damage, we decide whether to pay for the repair, replace your bike with an equivalent one or pay out the sum insured. There's no excess.
All amounts calculated with €1,100 as the sum insured.
Coverage
Insured like a new bike.
In.
Anything sudden and unforeseen. Just like for a new bike.
- Theft
- Falls and accidents
- Vandalism, fire, water and storms
- A stolen e-bike battery
- Attached parts and the lock
- Worldwide, on trips too
- No excess
Out.
What matters most for a used bike. Every exclusion is in the terms.
Old damage
Defects and damage that existed before your cover started, and their getting worse. That's why you confirm your bike's condition when you sign up.
Wear and ageing
Wear, ageing, rust and corrosion, such as worn-out tyres or a battery that fades over the years. Anything that breaks suddenly is covered.
Scratches
Scuffs, scratches, dents and other cosmetic marks, as long as your bike works normally.
Warranty
Damage the manufacturer or seller is liable for, such as a defect the shop has to fix.
Unsecured theft
Theft when your bike wasn't locked to a fixed object with a suitable lock. Cable and spiral locks don't count.
Workshop
Damage from repairs, maintenance, restoration or cleaning, and the cost of servicing and care.
Losing it
Simply losing your bike, misplacing it or leaving it somewhere.
The exact wording is in our insurance terms.
Signing up
How to insure your bike.
What you need
- Make, model and the frame number, usually under the bottom bracket
- Purchase price and date of purchase
- The purchase contract or the invoice
- The used bike data sheet, filled in and signed
In three steps
1.Fill in the data sheet
Enter your bike and the purchase, and confirm that it's roadworthy and has no major defects. Or have a workshop check and sign it, a Karl partner for instance.
2.Sign up online
Enter the purchase price and upload the data sheet and your proof of purchase. You can also send them later by email.
3.Insured
We check your application and email you your documents. From then on, your bike is insured.
No receipt, or an unusual bike?
Write to us, we're happy to look at it with you.
Still looking
Where to find a good bike.
Frequently Asked Questions
These are the most common questions.
Can I insure a used bike?
Yes. Karl insures used bikes too — what matters is the bike's condition and purchase price, not its age. A purchase contract or invoice is enough as proof of value; you don't need the original receipt from when the bike was first sold. If you have questions about your second-hand bike, just drop us a line at hallo@karlbikes.com — we're happy to take a look.
When does my insurance start?
Your insurance is active as soon as you receive an email from us with your insurance policy. If you sign up on-site with one of our Karl partners, you usually have the email in your inbox before you even roll out of the shop with your new bicycle or E-Bike. So, you're already insured on your way home. If you mistyped your email address or if there was an issue with the payment, like entering the wrong credit card number, you won't receive a policy, and we'll notify you that something went wrong. Once you have a policy, you know everything went smoothly, and your bicycle or E-Bike is insured.
Is there an option to insure wear and tear?
Karl also covers "wear parts" as long as a sudden event causes the damage. A broken derailleur is insured just like a burst tire. However, Karl does not cover ordinary wear and tear. Replacing a worn-out tube after a season because you'd like a new one is not something Karl can cover. The same applies if your E-Bike's battery no longer performs as usual without an external cause. This replacement cannot be claimed with Karl; it falls under the manufacturer's warranty.
Which bike lock is sufficient?
It comes down to the lock's purchase price. Depending on your bike's value, it must be at least:
- up to €500 bike value: €29
- up to €2,500 bike value: €45
- above €2,500 bike value: €69
Simple cable or spiral locks don't count, even if they cost that much. Also look for sturdiness: a good lock can't be cut with simple tools like pliers or wire cutters, only with heavy tools like a bolt cutter or an angle grinder. Sturdy U-locks, folding locks or solid chain locks usually manage that.
The manufacturer's recommended retail price (RRP) also counts as the purchase price, so a lock you got on sale is fine.
Your bike must also always be locked to a fixed object, see "How do I lock my bike correctly?". We also recommend a second lock of a different type for extra theft protection.
Our lock guide shows you which lock suits your bike, with a lock finder and tested models.
How can I cancel my contract with Karl?
You can cancel your contract at any time directly in your account here. Select the relevant policy and tap "Cancel insurance policy". Cancellation takes effect at the end of the current insurance period, and you stay covered until then; there is no refund for the current period. Within the first 14 days after signing, you can instead withdraw, as long as you haven't reported a claim by then, and get a full refund of your premium.
Ready to insure your used bike?
Your bike worth €1,100: €6.10 a month or €67.00 a year.