Laka community bike insurance
Discussion
https://www.laka.co.uk
Came across this novel approach to bike insurance which seems to essentially amount to a community scheme. You sign up for the amount of cover you want and are pooled with other members and you effectively cover each others claims.
If nobody makes a claim in the month then nobody pays a premium, but your monthly premium is capped in months when there are unusually high number of claims.
The example on their site says that for £2k of cover, their members pay a typical £7 a month, and is capped so they never pay more than £17 in any 1 month.
Seems like an interesting idea. Anybody tried it yet?
Came across this novel approach to bike insurance which seems to essentially amount to a community scheme. You sign up for the amount of cover you want and are pooled with other members and you effectively cover each others claims.
If nobody makes a claim in the month then nobody pays a premium, but your monthly premium is capped in months when there are unusually high number of claims.
The example on their site says that for £2k of cover, their members pay a typical £7 a month, and is capped so they never pay more than £17 in any 1 month.
Seems like an interesting idea. Anybody tried it yet?
Have you seen this, coincidence that you raise this today
Car insurance: Why pay when you are not driving? http://www.bbc.co.uk/news/business-45758926
It’s about alternative insurance options Laka is mentioned
Car insurance: Why pay when you are not driving? http://www.bbc.co.uk/news/business-45758926
It’s about alternative insurance options Laka is mentioned
I've seen they're offering Free Liability Insurance that's a decent deal.
https://www.laka.co.uk/club
Just wondering if they insure motorbicycles as well that would be ace. I have covered 5 bicycles with them so far, and it's impressive, way cheaper than my previous insurer.
https://www.laka.co.uk/club
Just wondering if they insure motorbicycles as well that would be ace. I have covered 5 bicycles with them so far, and it's impressive, way cheaper than my previous insurer.
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