đź”’ Which Locks Are Eligible for Theft Insurance During a Long-Term Rental (LLD)?
When a customer subscribes to a Long-Term Rental (LLD), it is essential to ensure that their bike will be properly protected with an approved lock.
👉 This is a key step to guarantee that the theft insurance will apply in case of an incident.
Your role as a partner store
- Always ask the customer whether they already have an approved lock.
- Check with them that their lock meets the criteria listed below.
- If they do not have one, offer a compliant lock available in your store.
This is both a requirement for the insurance to be valid and an opportunity for additional sales.
📌 Eligibility conditions for reimbursement in case of theft
✔️ Approved lock categories:
-
FUB: minimum 2 wheels
-
Sold Secure: Gold or higher
-
ART: 2 stars or more
-
SRA
✔️ Accepted brands with minimum security ratings:
- ABUS Folding locks: 11/15 and above
- ABUS Non-folding locks: 8/15 and above
- AXA: 10 and above
- KRYPTONITE: 6/10 and above
- ONGUARD: 70/100 and above
- TRELOCK: 10/15 and above
✔️ The bike frame must be attached to a fixed point at the time of the theft.