Do I always get the new value of my bike?

Not always. When you take out Karl on our website or at one of our Karl partners, you state the value you want to insure. We recommend the new price you just paid.

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. Repairs are still paid in full as long as they stay below it: if, say, you damage your fork in a fall in the third year after buying your bike and it has to be replaced, we pay for the whole replacement as long as it stays below 70 % of the sum insured.