The latest tweets from LakaHQ. Where members would pay their share for claims that actually happen rather than ones that might.
Rather than a fixed premium riders agree to a maximum monthly amount capped around the market rate for equivalent insurance.
Laka insurance review. Wwwlakacouk Popped up on a Facebook advert seems like a good idea and cheap for the cover. Theyre bike people – so get it. The insurance is honest and the service exceptional.
Lakas 5-star claims service is an experience so good youll actually want to claim. Not much room for advancement and no flexibility with work hours. With a recent YouGov survey finding that only 11 per cent of people feel that their commute is good for their health and under a quarter of people find their daily commute reliable the Laka Club.
The smallest claim settled was for a broken spoke as we dont have an excess. By sharing your Laka reviews you can help others find out more about this innovative insurance company launched in 2017. Laka the cyclists insurance company which foregoes fixed sums in favour of a collective monthly contribution has introduced a new Recovery insurance option.
Laka An insurance company that only makes money when it settles claims. Heres what the collective have to say. So whether its a pothole that buckled your wheel or some knob that nicked your bike when they mess with one of us they mess with all of us.
Smart Money People is all about your feedback. At Laka 1 in 10 customers file a claim with us in a year often for parts rather than the whole bike. I have just had a fantastic experience with Laka replacing my broken frame that was damaged by baggage handlers on way back from Italy.
Lakas solution provides actual coverage by a community of like-minded people who are collectively given a fair price that covers theft vandalism damage and loss and provides recovery advice and treatments enabling. But what do customers think. The jist is that you dont know how much its going to cost each month but has a fixed maximum then its based on how many claims there are by members each month.
But dont take it from us. Its hard to give a definitive answer here but looking across user reviews and working off of policy specifications Laka presents an interesting option. For bicycle only cover the average cost was 7189 per year.
For a more comprehensive policy that covers both the bike and the cyclist the average cost was 11717 per year. Approach to cycle insurance. To give you an idea of the cost of cycle insurance we got quotes from 13 providers based on a 1000 road bike.
But this brand had to be bigger than insurance policies for bikes. Laka are currently focused on cycling insurance. Anybody using Laka.
La Insurance is a nice place to work management is very easy going not much pressure as long as work is being done. With that the lines between insurance and service play fade. Laka claims to have challenged outdated traditional insurance to provide customers with a fairer collective-driven.
After questioning the way insurance works for cyclists Laka has brought a new approach to covering their most prized assets that puts the community at the heart of its business model Laka provides an alternative form of insurance for UK cyclists. It had to tackle the traditional insurance model while establishing a collective of cyclists that would look out for each other. Average day is dealing with walk in clients quoting new business.
Laka insurance is simple to set up and seems to be priced fairly with a kind of community vision of looking after your bike to keep claims as low as possible so that we can all keep our premiums down. Laka develops a peer to peer bicycle insurance platform to insure bicycles and cycling equipment against theft or damage. Voted Best Cycle Insurance Provider for 3 years running.
Bicycle Insurance by Laka YOUR BIKE DESERVES THE BEST As part of the Laka collective youll always ride with quality comprehensive cost-effective cover. I am hoping to never have to make a claim but.