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100 TW
A ’90% chance of theft’ causes insurer to cancel plans for one type of e-bike
If you have a fat tire bike in the Netherlands, you won’t be able to get insurance on it anymore from ANWB. That’s because they’ve now...
electrek.co
The problem is that fat tire e-bikes have also turned into prime targets for bike theft. According to the ANWB, “In Amsterdam, the chance of your fat bike being stolen is 90 percent.”
ANWB currently insures around 10,000 fat tire bikes and claims that the damages for fat tire bikes have risen to 800% of the premiums. In order to prevent bike insurance from also soaring, the decision has been made to no longer insure fat tire bikes.