Wednesday, November 6, 2024

Proper electric car insurance is crucial: Keep in mind these 6 points, including protecting the battery separately, when purchasing EV insurance.

The traditional auto insurance plan was developed many years ago when the idea of electric or hybrid automobiles even existed. At that time, EVs were not the only vehicles that required motor insurance. Since the price of electric vehicles is higher than that of conventional vehicles, it is crucial to conduct a thorough study and determine whether you want to get their insurance. These considerations must therefore be made while purchasing EV insurance.

  1. Is there a separate policy provision for the battery?
  2. Is total battery loss resulting from a flood or fire while it’s charging covered by the policy? The battery is the most expensive component of an EV, thus this is significant.
  3. Are EV’s liabilities for property damage and bodily harm to third parties covered by the policy? Additionally, confirm whether the insurance includes separate liability protection in the event that the owner of the EV is sued for damages.
  4. Does the policy cover zero depreciation for all of the parts? No matter what kind of metal they are, whether they are composed of plastic, metal, glass, or fiber.
  5. Does the policy cover the charging cord and wall mount separately? These components need to be covered in the motor policy with a separate mention because they are not connected to the vehicle.
  6. Does the coverage cover any other device other the one that the parent business installed?

Fast-rising Electric Vehicle Demand

85,911 EVs were registered in August 2022, whereas 77,868 EVs were sold in July. 29,127 EVs were sold in August of last year. As a result, EV sales tripled annually even though they increased by 11% on a monthly basis.

Read More: Maruti SUV: This SUV of Maruti became a hit as soon as it arrived, waiting so much that even if you book today, you will get it next year

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 YouTube                 Click Here
🔥 Facebook Page                 Click Here
🔥 Instagram                 Click Here
🔥 Telegram Channel                  Click Here
🔥 Google News                 Click Here
🔥 Twitter                 Click Here
spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

X changed its monetization policy, Elon Musk made a big change

The social networking platform X has decided to modify its artists' monetization approach. Users will now be less reliant on adverts as a result...

New feature given in the KTM 250 Duke, comes for Rs 2.5 lakh

The KTM 250 Duke's latest version is on the market. The TFT LCD on the KTM 250 Duke is new. Along with this, LED...

Apple to launch iPad Mini 7 on this day! know the details before launch

The iPhone 16 series is the newest iPhone series that Apple has released. Apple released four phones in this series: the iPhone 16, iPhone...

EMI to remain expensive, RBI makes no changes in the repo rate

The burden of high EMI is not alleviated. The 6.50 percent policy rate has been sustained by the Reserve Bank of India. This declaration...

Assistant Professor Recruitment in Delhi University, this is the last date

An announcement for Recruitment has been made by Delhi University for the position of Assistant Professor. The University (DU) has made this position available...

Most Popular

Subscribe

* indicates required