What the Laka Community is
Laka is more than insurance – it’s a community of enthusiasts
We offer you a unique experience that comes with full transparency, simple terms, and at a fair price.
We are carefully curating the Laka Community of fellow passionate cyclists. Being part of the Laka Community allows you to insure your gear and benefit from cycling promotions and events. As long as your insurance cover is active you are automatically part of the community.
WHAT A PACK IS
WE CREATED PACKS TO HELP CYCLISTS INSURE EACH OTHER
Through rigorous assessment, we make sure that only cyclists like yourself will join your pack. As we grow, we will create many different packs to make sure you are protected in all kinds of situations. Bicycles and accessories are the beginning, tell us what you need next.
What bikes can be covered
One cover for all your bicycles and accessories
We insure all kinds of bicycles and even ebikes (although we only cover electrically assisted pedal cycles).
You can add as many bikes as you want between £1,000 and £7,500 and up to £15,000 in total value to your cover.
In addition, you can add up to £500 in accessories of the following items: Bike computers, bike GPS, bike watch, glasses and goggles, your helmet, front and back lights, the lock and bottle cage.
Need something else covered? Tell us now!
What we cover
A dead simple cover against theft, damage & loss
We can keep this one short.
All items added to our platform are insured for theft, accidental damage, vandalism and loss. Wherever you are, whatever happens – you will know we have your gear covered.
But there are two key exceptions to the rule: We do not cover wear and tear of your gear as well as any incidents related to professional racing (at least for now). Sorry, Chris! Next Tour de France we got you.
What we charge you
We only charge what we need and base our success on yours
Every month you will get a bill from us detailing how much we have spent on claims and what your share of the cost is. Every claim submitted by a member increases the pack’s next bill.
Although the price changes from month to month, your share will never exceed your personal cap. And by the way, that cap is set around the price you would pay with others for your bicycle insurance. The cap is provided by our friends at Zurich to make sure you never overpay.
Rest assured, we don’t line our pockets when there are no damages because we only earn a fee when we successfully payout for the pack.
How you claim
WE MAKE IT EASY FOR YOU WHEN THE WORST HAPPENS
Only you know the facts, the value and the incident. We eliminate the guesswork and work with you towards a common goal – putting you back on the saddle.
Simply file a claim with your smartphone and tell us what happened. We look into your claim instantly and get it sorted without any delays.
Whatever you put in as the value of your bike, we replace or fix your bike up to the insured value. No excess, no depreciation.
how we make money
EVERY TIME WE SETTLE A CLAIM, WE CHARGE EVERYONE A SMALL FEE
We charge a fee of 25% on top of settled claims to each member of the “pack” – a success fee if you want. If there are no claims, we don’t earn anything. Rest assured, we still check all claims thoroughly.
We want our cover to have the best price in the market and we don’t make more money when you exceed the cap.