Laka
Laka offers bicycle insurance through a collective model in which members share the actual cost of claims only afterwards, with no excess and no rigid annual contracts.
”Laka is a British insurtech offering bicycle insurance through a ‘collective’ model, with a 4.9-star rating and multi-year recognition as ‘Best Cycle Insurance Provider’. Instead of a fixed annual premium and a high excess, members share the actual cost of claims each month, with ‘Core’ (theft/liability) and ‘Complete’ (also damage/breakdown) as options and no excess on cycle claims.