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Ulygo, the French startup specializing in insurance for active mobility, particularly bicycles and e-bikes, today announced the launch of an innovative new insurance product: complementary bike insurance. This innovative offering was designed to allow cyclists to protect their bikes and ride with peace of mind, while avoiding duplicate insurance coverage.
With this new offering, Ulygo aims to free up cycling for cyclists, especially bike commuters who hesitate to leave their bikes unattended in the city due to the risk of theft. Ulygo therefore offers theft and damage coverage for bikes in all locations with competitive pricing based on the insured value, and a high-performance product, notably without depreciation for the first two years. But the real novelty comes from a completely new concept in the field of bike insurance: complementary bike insurance.
How does complementary bike insurance work?
Ulygo has studied hundreds of home insurance contracts in detail and can tell you in a few clicks exactly what coverage you currently have for your bike with your home insurance contract. With this information, Ulygo calculates the price of bike insurance only for the part not already covered by the home insurance contract. This avoids duplicate insurance and, above all, allows you to insure your bike, particularly against theft, at a very reasonable price.
Thus, cyclists can query the Ulygo website to immediately find out how they are covered by their home insurance contract. Ulygo then helps them avoid duplicate insurance and reduces the amount of their theft coverage if a portion is already covered by the home insurance contract. It’s smart and saves money.
“At Ulygo, we are convinced that active mobility is the future of our cities. With our new complementary bike insurance offering, we want to support cyclists in their practice and offer them protection that is affordable and adapted to their needs,” says Pierre-Yves Gourdès, co-founder of Ulygo.
Ulygo aims to achieve a leading position in the insurance market for bicycles and other new urban mobility vehicles by 2025.
Ulygo’s complementary bike insurance offering is available now on their website.
Source: Press Release
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