As electric vehicles grow in popularity in India, owners must ensure that they have proper insurance coverage. Because of the unique nature of these cars and their components, insuring electric vehicles necessitates special considerations. The battery is the heart and soul of an electric vehicle, accounting for a large amount of the vehicle’s cost. Check that your policy covers the pricey battery pack to protect against unexpected repair or replacement costs in the event of damage, theft, or loss.
Choose an insurance company with ties to a specialised repair network capable of performing electric vehicle-specific repairs.
Having access to a trained network ensures that your vehicle receives the finest care possible, reducing downtime and ensuring quality repairs. Determine the insured value of your EV precisely to secure full coverage.
Consider the cost of the car, the battery, and any additional accessories or customizations you have installed. You can secure adequate coverage against theft or total loss by calculating the total worth of your electric vehicle. As the value of the vehicle depreciates over time, review the insured value on a regular basis.
Check to see if your insurance coverage covers a dedicated charging station or other charging equipment for your electric vehicle in the event of damage, theft, or liability concerns. Check the scope of coverage and make sure it meets your needs. Confirm that your insurance policy covers personal injury for both the driver and passengers in an electric vehicle. Check if the policy provides appropriate protection and, if necessary, consider adding more coverage.
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