If you are going to buy insurance for EV, then keep these things in mind, there will be no problem at the time of claim
It is mandatory to take insurance while buying an electric vehicle. Due to the high cost of petrol-diesel vehicles and the use of many types of expensive electric parts, some things should be kept in mind while taking EV insurance, which we are going to explain in detail in this article.
The trend of buying electric vehicles is increasing rapidly in India. Electric vehicles (EVs) prove to be economical for the car buyer as well as not harmful to the environment. However, the cost of these cars is higher than petrol-diesel. Because of this, it becomes very important to take insurance for electric cars.
Batteries and many expensive electric parts are used in electric vehicles, due to which some things must be kept in mind while taking insurance. Let's know.
The cost of an electric vehicle is higher than that of a petrol car. For this reason, while taking insurance, you should focus on the fact that the IDV coming in the insurance should be equal to the current price of your vehicle. IDV is the amount based on which the insurance company pays the claim.
Compared to a petrol or diesel car, an EV has many expensive electric parts such as battery packs, power supply units, and mechanical systems, which need to be covered by insurance. Do not forget to buy add-ons for all these expensive parts while taking insurance.
Getting a gear depreciation cover is essential for any car. In general insurance cover, companies charge depreciation according to the age of the vehicle year after year, due to which your claim amount reduces. On the other hand, if you take the Giri Depreciation cover, you get the full claim without any deduction.
While buying a vehicle from any company, be sure to keep in mind that how is the claim settlement ratio of the company, and insurance should be taken from the company with a higher claim settlement ratio.