Loco Scooters Ltd Electric Scooter Theft Insurance Contract
Insurer:
This policy is issued by Loco Scooters Ltd and underwritten by Loco Scooters Ltd.
Coverage:
This policy covers the theft of the insured electric scooter. Loss or damage to the person or any third party is not covered under this policy.
Replacement:
In the event of theft, the insured scooter will be replaced on a like-for-like basis, subject to the following criteria being met:
- The customer must inform Loco Scooters Ltd of the theft within 24 hours of the theft occurring.
- The customer must furnish a copy of their Garda Incident Report or statement to Loco Scooters Ltd within 7 days of the theft occurring.
Claim Review and Decision:
We will review the claim, and our adjudicator will revert to the customer with our decision within 7 business days of receipt of the Garda Incident Report or statement.
Exclusions:
This policy does not cover loss or damage caused by:
- Fraudulent or intentional acts by the insured.
- Theft occurring while the scooter was being used for commercial purposes.
- Theft from any motor vehicle unless the vehicle was fitted with an operational alarm, was locked at the time of theft, and the scooter was stored in the boot/trunk and completely out of sight.
- Theft from the home unless the scooter was stored inside the home and any security devices such as door locks and alarms were operational at the time of the theft.
- Theft from within the person's place of work unless the scooter was secured to an immovable object with an approved lock.
- Theft by any person to whom the scooter was entrusted, other than an immediate family member, with the policyholder’s consent. Loco Scooters Ltd defines an "immediate family member" as a spouse, brother, sister, mother, father, son, or daughter.
- Theft from any garage, balcony, garden, outbuilding, shed, underground car park, or communal hallway unless the scooter has been secured to an immovable object with an approved lock through the frame. Any garden shed or outbuilding must have been securely locked at the time of the theft.
- Theft away from home unless the scooter has been secured to an immovable object with an approved lock through the frame.
Original Purchaser:
Only the original purchaser of the scooter is covered under this policy. Sale or disposal of the scooter will terminate this policy. Only the insured scooter is covered by this policy. If it is stolen and replaced, the new scooter is not covered by this policy and must be insured separately.
Excess:
In the event of theft, an excess of 10% of the current retail value of the scooter, or €100 (whichever is greater), will be payable by the policyholder. The retail value used will be the full retail value and not any discounted or sale prices.
Terms and Conditions Acceptance:
By purchasing this insurance policy, the customer agrees to the terms and conditions outlined in this policy document. If the customer does not sign the terms and conditions within 14 days of purchase, they will be deemed to have accepted the terms in full.
Cancellation:
This policy is subject to a cooling-off period of 14 days. During this period, the insurance policy can be canceled within 14 days of commencement by notifying Loco Scooters Ltd via email at info@locoscooters.ie.
Claims:
Please email info@locoscooters.ie to obtain a claim form.
Definition of an Approved Lock:
Loco Scooters Ltd defines an approved lock as a reinforced steel U or D lock.