An electric vehicle comes with a variety of amazing features, which are generally not found in a petrol or diesel vehicle. Electric vehicles completely depend on the battery, power supply unit and all the electrical parts, so take special care of the coverage of these things while taking insurance.
Keeping in mind the high prices of petrol and diesel , there is a steady increase in the demand for electric vehicles . Electric vehicles have many advantages over petrol-diesel powered vehicles. However, the cost of electric vehicles is much higher than petrol-diesel vehicles. But experts say that the prices of electric vehicles will come down in the coming time. Well, at present the prices of electric vehicles are quite high and keeping this in mind some important things should be taken care of while insuring an EV.
Always buy insurance according to the value of the car
Ankit Agarwal, co-founder and CEO of Insurance Dekho, while talking to an English channel said that some important things should be kept in mind while buying insurance for EV. He said that EV insurance should always be taken according to the value of the vehicle. He said that while buying insurance for your car, all the information should be obtained so that you have to pay the least amount at the time of taking the claim.
Keep a close eye on the IDV offered by the insurance company
Ankit Aggarwal said that an electric vehicle has many amazing features, which are not usually found in a petrol or diesel vehicle. Electric vehicles completely depend on the battery, power supply unit and all the electrical parts, so take special care of the coverage of these things while taking insurance. Along with this, one should also take a look at the IDV i.e. Insured Declared Value offered by the insurance company. This is the value of your vehicle fixed by the company.
It is also very important to know about the service history of the company.
Ankit Aggarwal says that while buying an electric vehicle, keep in mind that you always buy Zero-Depreciation insurance for your vehicle. It would have been a bit expensive than normal insurance but it plays a very important role in keeping your pocket safe during claim settlement. While buying insurance of any company, it is also very important to know about the service history of that company, how that company behaves in settlement of claims.
