Traditional bicycle insurance often involves fixed premiums and excess fees, regardless of actual claims, which can be unfair to cyclists who rarely need to make a claim. This model can also lead to depreciation on claims, leaving cyclists with less than the full value of their damaged or stolen equipment.

Laka offers a peer-to-peer bicycle insurance platform that calculates monthly contributions based on the collective claims of its members, providing a fairer and more transparent pricing model. This approach eliminates fixed premiums and excess fees, ensuring cyclists only pay for the actual risk within their community. Laka provides comprehensive coverage for theft, accidental damage, and third-party liability, ensuring cyclists receive prompt support and replacement of their bikes and gear without depreciation on claims. The platform also offers flexibility, allowing users to upgrade, add travel/racing coverage, or pause their policy at any time.

Monthly contributions based on collective claims, capped at a maximum amount

Coverage for theft (at home, on the go, including mugging or from a vehicle)

Coverage for crash and accidental damage

Roadside recovery with £200 "get you home cash"

Coverage for licensed racing and worldwide travel (up to 120 consecutive days)

Includes sportives, club rides, and similar events

£0 excess on bike claims

Bike rental coverage (up to £200) while awaiting claim fulfillment

Multi-bike discount (50% for additional bikes in the same household)

Legal assistance for personal injury cases

Third-party cycling liability insurance

Cycling discounts on gear and goodies

Laka primarily targets cyclists who seek fair, flexible, and comprehensive insurance coverage for their bicycles and related equipment, including commuters, recreational riders, and competitive cyclists.