| Bike value covered | £400 to £15,000 per bike. Our policy excludes "any bike with an individual value exceeding £15,000… unless we have agreed to provide cover and have reflected this in an endorsement". £400 is the floor our calculator and quote will price from | Not published on their site as at 31 August 2026 — no minimum or maximum on their cover pages or in the V12 wording | Not published as at 31 August 2026 | "Single bike limit — £15,000" on all three tiers. No minimum published | "up to £30k". Their pages do not say whether this is per bike or per policy | "As long as its market value is over £250 we can cover it" and "The maximum value for individual bicycles is £15,000, but you can exceed that number if you cover multiple bikes" — FAQ. The wording states no minimum or maximum |
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| Number of bikes | Up to five — "up to a maximum of five bikes… unless we have agreed to provide cover and have reflected this in an endorsement" | Not published as at 31 August 2026 | Not published as at 31 August 2026 | No count published. They publish a total instead — "Max policy value — £50,000" | No maximum published — "cover multiple bikes on one policy" | No maximum published |
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| Combined limit | £30,000 aggregate across up to five bikes — higher only where agreed and reflected in an endorsement | Not published as at 31 August 2026 | Not published as at 31 August 2026 | "Max policy value — £50,000" | Not published as at 31 August 2026, unless the "£30k" above is the policy limit, which their pages do not resolve | Not published as at 31 August 2026 |
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| Lock required | Steps up at £1,000. "Bikes valued at £1,000 or under require a Silver or Gold rated Sold Secure lock or a Thatcham approved motorcycle lock"; "bikes valued at more than £1,000 require a Gold rated Sold Secure lock or a Thatcham approved motorcycle lock". Thatcham-approved motorcycle locks are accepted at every bike value. Locked through the frame to an immovable object. No cover where "your bike is secured by a lock which is only approved for use with a bike with a lower value than your bike" | One rating at every value — "You must use a Sold Secure Gold or Diamond lock". A D-lock's supplied cable "is not included in the approved rating" | One rating at every value — "an at minimum Gold-rated lock through the frame of the bike", and it does not vary by bike value (help centre). Their Complete page says "Sold Secure Gold or Diamond"; the wording says Gold | Steps up at £1,500 — "Pedal cycle(s) up to the value of £1,500 require a Sold Secure Silver lock; Pedal cycle(s) exceeding a value of £1,500 require a Sold Secure Gold or Diamond lock". Accessory cables supplied with D-locks "are not approved locks" | Three steps — "less than £500… Bronze", "less than £1,000… Silver", "£1,000 and over… Gold or Diamond" (approved locks). Thatcham locks are accepted per their cover page but are not mentioned in the booklet | Steps up at £1,500 — "Bikes worth less than £1,500 – Sold Secure, Silver-rated lock. Bikes worth £1,500 or more – Sold Secure, Gold-rated lock". Frame and quick-release wheels both, though "If the wheels used are non-quick release wheels, the wheels do not have to be locked" |
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| What counts as "unattended" | Published in our policy: "When the bike is not being used or held by you or an adult who is entrusted with its safe keeping." Note that your own garden, driveway or a council bike hangar all count as away from the insured location | Not published as at 31 August 2026 — the 24-hour condition turns on the word, but the V12 wording defines no other term for it | Not published as at 31 August 2026 — the wording defines "Abandoned" but not "unattended" | "Whilst the pedal cycle is not being ridden or held by you or an adult who is entrusted with its safekeeping, for any period of time" | Not published as at 31 August 2026 — the booklet defines "Abandoned" instead | "whenever Your entire Bicycle is out of Your direct line of sight and/or more than five metres away from You" |
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| Time limit, unattended away from home | 12 hours, and 24 hours "if left at your place of employment or in a cycle rack within a railway station" | 24 hours, everywhere — "not left unattended for more than 24 hours". No separate workplace or station allowance published | 24 hours in a public location — "After 24 hours we will consider your bike abandoned and you may have your claim rejected" (help centre). The wording itself defers to "the number of hours shown on Your Policy Schedule". No workplace or station allowance published | 18 consecutive hours, and separately: "Pedal cycles left unattended for more than 1 hour outside anywhere within walking distance of your home are not covered for theft, unless stored in an insured location" | 12 hours, and 24 hours "at a train station, bus station, coach station or Your permanent place of employment" | 18 hours, "extended to 24 hours if left at a train station or your permanent place of employment" |
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| Theft from a vehicle | One bike only, even if you insure several. In the vehicle: all doors, windows and openings closed, securely locked and fastened; security devices in operation; bike out of sight; forcible and violent entry or exit. On the vehicle: locked through the frame to a properly fixed roof or bike rack. Between 9pm and 6am the vehicle must have a Thatcham category 1 alarm/immobiliser, category 2 immobiliser or category 3 steering lock — and if not factory fitted, installed by a Vehicle Security Installation Board member with evidence at claim. Outside the UK, a factory-fitted alarm or immobiliser is required at all times | Inside: bike "completely contained within the vehicle, the normal security operations were in place, and there is evidence of forcible and violent entry or exit". On a rack: locked through the frame with an approved lock to "a securely mounted bike rack", under 24 hours. No time-of-night condition and no Thatcham requirement published | Cover page: "while we do cover bikes stored in and on cars, it's best if they're locked to something not easily removable, with a Sold Secure Gold lock, or covered out of plain sight". Written as advice rather than a condition, and the v2.7 wording contains no theft-from-vehicle clause | "Theft from vehicle — Yes" on all tiers. Wording: "temporarily locked within a vehicle for less than 18 hours since you last drove it, providing all security devices in operation and windows shut". No time-of-night condition and no Thatcham requirement published | "The Bicycle must be inside the vehicle or secured through the frame by an Approved Lock to a roof or Bicycle rack attached to the vehicle… The vehicle must have all doors and windows closed and securely locked." No time-of-night condition and no Thatcham requirement published | Five published options. Two require a Thatcham alarm — "a Thatcham approved Alarm was fitted and active". Others allow the enclosed boot of a securely locked vehicle, a fixed rack with an approved lock, an anchor point inside the vehicle, or a locked enclosed trailer. No time-of-night condition published |
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| E-bike eligibility | Must be legal for use on UK public roads as an electrically assisted pedal cycle (EAPC) and not treated as a motor vehicle. "'Twist and go' EAPCs are ineligible for cover under this policy unless the throttle is only capable of operation in 'walk mode'." ePeds, iPeds and cycles of similar moped-like appearance are excluded, as is anything subject to the Road Traffic Act. We defer to the statutory UK EAPC definition rather than restating power and speed figures | "maximum continuous rated power output of 250 watts", assistance cutting off at "15.5 miles per hour". Explicitly: "This includes 'twist and go' and throttle controlled cycles where the model is type approved" | "electric Bicycles which meet the relevant UK rules for 'electrically assisted pedal cycles' (EAPC's)". No throttle rule and no power or speed figure published | "an electric battery with an output not exceeding 250w and 15.5 mph". Throttles excluded: no cover for cycles "that engage the motor without you pedalling". Separate exclusion for loss arising from battery "use, ownership, charging, storage, maintenance, or presence" | "not exceeding 250w/15.5 mph", and nothing "where the power or speed requires it to be registered, insured or taxed as a motor vehicle". No throttle rule published | "no more than 250 watts maximum power output", motor must not assist "at more than 15.5 miles per hour". Condition: "The power output or manufacturer of the motor and the battery's voltage or maximum speed of the bike must be displayed" |
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| Claim assessment window | Within 24 hours. "We guarantee to assess your claim within 24 hours. That means that one of our team will review your claim within that time." A service commitment, not a policy term. Bike claims are handled by Pedalsure; personal accident and liability claims by Roger Rich and Co | Not published as at 31 August 2026 | Not published as at 31 August 2026 | "it gets sent through to our inhouse claims team" and "Within three working days (but usually much quicker) we will make contact you to request some essential documents" (claims process). This is a first-contact commitment, not an assessment decision — not the same measure as ours | No timescale published. They publish the handler: "The claims service is provided by specialist claims handlers, Davies Group" (how to claim) | Not published as at 31 August 2026 |
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| Price during the policy year | Does not change, whether or not you claim. Our policy states: "If we change the terms of cover or price of your policy, it will only be done at your next annual renewal date." Mid-term changes you request carry a £10 admin fee by phone or post | "No price increases or penalties when claiming" — published on their Brompton partner page, not on their main cover pages | Structurally different. "Approved claims are paid in full and we won't put your price up after a claim", but the monthly amount varies by design: "Your actual monthly contribution is calculated based on the cost of claims submitted by the entire Collective for the previous month", within a personal monthly maximum. The maximum is not published | Not published as at 31 August 2026 | Not published as at 31 August 2026 | Not published as at 31 August 2026 |
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| Excess | £75 or 10% of the claim payment value, whichever is the greater. It applies to bike claims only — theft, accidental damage and malicious damage. No excess applies to a personal accident or personal liability claim. Where one claim involves more than one of your bikes, an excess is payable on each bike. Separately, the optional loss-of-earnings benefit pays nothing for the first 14 days of disablement | "If your claim's below £400 or settled as cash, there's an excess of £40 or 10% of the claim value, whichever is greater", published under the heading "Excess-Free Claims". The schedule figure itself is not published | "£0 excess on your new bike" (Complete) and "Excess-Free Bike Claims" (Core). Their wording still refers to "The Excess shown on Your Policy Schedule" | "10%, capped at £100" on all three tiers, "Or £250 for courier cycling". Waiver published: "If you own a Diamond rated Sold Secure lock, we will waive your excess whilst away from an insured location" | "the standard excess is £50 or 10% of the claim value, you can also increase of decrease the excess to suit you" [sic]. "For public liability the is no excess to pay" [sic] (FAQ) | Not published as a figure as at 31 August 2026 — "the specific amount as noted in Your Schedule" |
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| Settlement basis | Current equivalent replacement cost, which is what your sum insured should be set to. We repair or replace through a specialist dealer of our choice, or a reputable supplier you nominate who invoices us directly; if we do neither we pay in cash, less the policy excess and subject to your sums insured. Under-insurance: "A proportionate reduction in any claims settlement will be made should you under insure" — if your sum insured is below the bike's value, the payout is cut in the same proportion | "repair or cost of replacement as new up to the amount insured shown on your policy schedule", and "We don't depreciate bikes of any age". No proportionate-reduction clause for under-insurance appears in the V12 wording | "repair or replacement of Your Insured Gear as new", cash at "like for like, as new". "No depreciation". Under-insurance: "Laka will proportionately reduce the value of Your claim in line with the difference between the sum insured and the as new replacement value" | Cover page: "No depreciation — Yes" on all tiers. Wording is more qualified — they choose whether to replace, repair or pay, "up to the amount it would have cost us to replace or repair using our suppliers". Under-insurance reduces the payment in proportion, with their own worked example: a £2,000 bike insured for £1,000 and £500 of damage pays "£250" | New-for-old only "providing the article was new at the time of purchase and the Bicycle and/or Accessories are no more than 3 years old". Otherwise indemnity — "Value of Bicycle less a deduction for wear and tear". Under-insurance: "A proportionate reduction in any claims settlement will be made should You under insure" | New-for-old "provided the Bicycle was purchased new by You". Second-hand bikes depreciate on a published scale — "20% of the recommended retail price" after year one, "a further 10%" after year two, "a further 5% per year" thereafter. Under-insured below "80% of the Replacement Cost", payment is adjusted to the "insured percentage" |
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