How does benefit bike insurance work?

The extensive insurance 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.