PROTECT YOUR NEW BIKE PURCHASE WITH LAKA.
We’ve partnered with LAKA to offer hassle free insurance for your bike.
When you purchase a bike from Yélo we want you to many years of enjoyment from it. But, if the worst should happen we want you to be protected. So we’ve partnered with cycling insurance specialist Laka – they provide transparent insurance that doesn’t cost the earth. Just like us they put you first, so you’re in safe hands. Cover starts from as little as £5 per month and should you need to make a claim, they’ll get you back on two wheels in no time. It’s fast, fair and hassle free. What’s more, as a Yélo customer you get your first 30 DAYS OF INSURANCE ABSOLUTELY FREE.
About LAKA
Laka’s collective cover is made especially for cyclists, for life on and off your bike. They have flipped outdated traditional insurance on its head with a new collective offering. No upfront premiums are paid by consumers, instead at the end of each month your contributions are based on the collectives’ claims that month. The payment will change each month but will be capped at the price of a traditional insurance policy.
If claims performance is better than expected in one month, everyone will benefit in that improvement. Plus, 80% of your money goes straight back into the collective: fixing, replacing and helping. And the other 20% keeps their wheels spinning. It’s as simple as that.
The benefits
Unlike other outdated insurers, Laka don’t charge a fixed sum upfront. Instead, they calculate your premium based on the actual cost of claims that month. Much fairer. That means your payments will vary, but your maximum contribution will be capped and some months you might pay nothing if nobody claims. Claims are handled by experts and usually agreed within a day. With no depreciation or excess. They’ve ditched annual contracts locking you in, with Laka, if you want to leave, you can. Anytime.
When you purchase from Yélo the first 30-days are free!
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