Electric Vehicle Insurance: In India, the popularity of electric vehicles is rising. Consumers find EVs to be a fantastic option because they are affordable, environmentally friendly, and require less maintenance. To further encourage the use of EVs, the central government is continuously launching new programmes.
Considering the increasing attention that industry associations and governments are paying to more environmentally friendly and sustainable solutions, EV adoption is only going to rise over time. The EV market in India is expected to grow as more and more people purchase EVs annually. A policy for EV insurance is required for everyone who has or plans to purchase an EV. In this article, we will tell you all about an electric vehicle insurance policy.
Electric Vehicle Insurance details
Your priceless electric vehicles could suffer from unforeseen circumstances. These vehicles are equipped with several intricate technical and mechanical components that both make them function well and have the potential to malfunction at any time.
In order to ensure that you can drive your car worry-free, having electric car insurance can be very beneficial. It can provide financial protection in the event of an unlucky incident like theft, fire, a natural disaster, or accidental damage. Remember that driving in India requires possessing car insurance or at the very least third-party coverage.
The EV car insurance policy provides financial protection for your vehicle against liabilities like accidental damage, fire, natural disasters, riots, theft of the insured vehicle, and third-party injuries or property damage. It is similar to the motor insurance policy for petrol and diesel vehicles. You may prevent out-of-pocket costs by selecting the appropriate cover for your electric car.
What is covered under the insurance?
- Accidents
- Fire
- Theft
- Natural Disasters
- Third-Party Losses,
- Personal Accident
How to get an insurance for your electric car?
- Step 1: Visit the company’s website you want to get the insurance from.
- Step 2: Enter your vehicle information.
- Step 3: Enter your information.
- Step 4: Choose the plan and add-ons.
- Step 5: Pay the premium and get the policy details.
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