user101349

Most recent activity

• Bike Insurance

  in General • 5 years, 5 months

  

  I'm clearly biased as the founder but please take a look at the reviews we got from customers that had to put in a claim recently:

  https://www.google.com/search?q=laka&oq=laka&aqs=chrome..69i57j69i60l3j69i61j69i59.2881j0j7&sourceid=chrome&ie=UTF-8#lrd=0x487605ef32d492e1:0x4f27bd9d7dd060a4,1,,,

• Bike Insurance

  in General • 5 years, 6 months

  

  Wicked! :-)

• Bike Insurance

  in General • 5 years, 6 months

  

  Great to hear that you see the value for money. In our minds we need to make insurance a bit more "tangible". The price we charge is a direct reflection of the amount of claims people put in - and you can't be cheaper than cost of claims. As mentioned before, we are going to introduce incentives for those who take extra care and will offer lower prices accordingly.

• Bike Insurance

  in General • 5 years, 6 months

  

  Hey, yes that works for us as we consider them secure. We are looking to offer discounts later this year for extra security like a ground anchor etc.

  It's all about making it difficult for thieves. Less claims mean lower premiums for the Laka Community :-)

• Bike Insurance

  in General • 5 years, 6 months

  

  Great to have you onboard :-)

• Bike Insurance

  in General • 5 years, 6 months

  

  We had an unusual warm November last year. At the same time one large claim could have made all the difference in a young company. This should not happen again was we have grown quite strongly over the recent months.

  We do share the theft / damage statistics in our billing e-mails. Are you a customer already? In that case you will find a detailed break down in the last statement. In any case, the vast majority of claims are for damage of either bike or accessories.

• Bike Insurance

  in General • 5 years, 6 months

  

  We have nothing to hide :-) see below / attached the 12 months data (avg. 54.9%). The "wild swings" should be less and less as the Community grows and we review carefully who is joining the platform. If you have any suggestions on making the experience better I'm always keen on feedback: tobi@laka.co.uk

• Bike Insurance

  in General • 5 years, 6 months

  

  Hi, we are showing only 6 months of data as it is easier on the eye but have been going for 18 months now. In the past 18 months our average is at around 55% and have only 3 months with > 70% (the peak months including May '19). Given the monthly renewing policies there should be little risk for you.

  We are further working on splitting up the Laka Community into, say, a new joiner and silver pool. In the latter we will bring the cap down and more. This is in the making and we're aiming to share more by the end of this quarter. Stay tuned - we hope :-)

• Bike Insurance

  in General • 5 years, 6 months

  

  Hey, we are quite transparent about his and you can read all about it here: [https://laka.co.uk/en/article/how-we-calculate-your-quote-gcutxs/]

  Over a 12 months period expect to be around 55% of the cap. In Summer of course there are a few claims more (particularly May with 2 bank holiday weekends). In 18 months of trading we went only once over the 80% mark.

  All the best, Tobi
  Co-founder of Laka