Reported 12 months ago
Despite the lower-than-expected premium increases for domestic electric vehicle exclusive policies, insurance companies emphasize the need for a more comprehensive coverage for electric cars compared to traditional gasoline vehicles. Apart from mandatory insurances like third-party liability insurance and comprehensive insurance for vehicle damage, additional insurances focusing on the unique risks associated with electric cars, such as battery-related incidents during charging, are recommended. Factors like water damage affecting the battery or malfunctioning components may require additional coverage for claims under natural disaster insurance policies.
Source: YAHOO