The extensive insurance of Vapaus Benefit Bikes covers theft, vandalism and accidents both in Finland and abroad.
Your benefit bike is insured. Here's what you need to know:
Your benefit bike is automatically insured from the day it's delivered to you. The insurance covers theft, vandalism, and accidents — in Finland and when you travel abroad for work or pleasure.
What's covered
Your insurance protects you against:
- Theft of a locked bike — anywhere in Finland or abroad
- Vandalism — damage to a locked bike
- Accidents — falling, running off the road, or colliding with a vehicle, person, or object
For theft or vandalism to be covered, your bike must be locked.
The insurance deductible
When an insurance claim is filed, you'll pay a deductible. The amount depends on your employer's benefit bike guideline:
- Most common: €240 per claim
- Some employers: Deductible varies (€0, €150, or €340) — check your Benefit bike guideline
- How you pay: Either directly to Vapaus, or deducted from your salary (we'll let you know)
Bikes worth more than maximum limit
If you lease a bike that exceeds your employer's maximum benefit package price, you've paid a down payment. It is possible to insure the amount going over the limit. More info: Downpayment insurance
Questions or claims
Submit the insurance form here: Insurance form. Add all relevant information so we can process the claim smoothly.
Filing a police report
Does my home insurance cover my benefit bike?