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Buying an electric vehicle comes with different insurance needs. Battery damage, charging-related problems and specialised repairs can lead to high expenses if your policy falls short.
An EV battery can account for up to 40 per cent of the vehicle's cost. Check whether your policy covers battery repair or replacement.
Battery protection alone may not be enough. Check whether your policy covers electrical panels, short circuits, charging-related damage and water ingress under specified conditions.
An EV running out of charge can leave you stranded. Roadside assistance add-ons may provide mobile charging or towing to the nearest charging station.
Zero depreciation, return-to-invoice, consumables and tyre protection covers can help with additional expenses. Check which add-ons suit your vehicle's usage and insurance requirements.
The insured declared value determines the compensation basis for theft or total loss. Also check exclusions involving battery maintenance, repairs and unauthorised service centres.
Check whether repairs require prior insurer approval and whether servicing must happen at authorised centres. If your EV gets submerged, avoid switching it on before inspection.