Types Of Electric Vehicle Insurance And Its Responsibility

Illustration (Photo: Pixabay/ElisaRiva)

YOGYAKARTA 'Inuransi kendaraan listrik sangat penting untuk dimiliki karena dapat menghindarikan risiko kerugian finansial akibat kejadian tak terduga saat kendaraan.

Currently, the available electric vehicle insurance products still refer to conventional vehicle insurance provisions. This is because electric vehicle insurance still takes time to develop, because the risk level still needs to be studied more deeply.

So, what types of electric vehicle insurance can be used as an option? Check out the full information below.

It has been mentioned above that the types of electric vehicle insurance available still refer to conventional vehicle insurance provisions.

In this regard, there are two types of coverage provided by insurance companies to provide protection for electric vehicles, namely all risk and total loss only (TLO).

The following is an explanation of the two types of electric vehicle insurance:

Although the type of electric vehicle insurance is the same as conventional car insurance, a number of insurance companies exclude some conditions for accountability. The reason is, electric car protection is more complex and expensive.

If there is damage to the battery component, policyholders can file a claim to the insurance company. However, if the damage to electric vehicles is caused by flooding or cars hitting puddles of water, customers will not receive insurance coverage.

The premium for electric vehicle insurance that must be paid by policyholders to insurance companies is more expensive than conventional vehicle insurance premiums. Given that the cost of repairing a low-voltage electric car is more expensive than fossil fuel cars.

In addition, components of electric vehicles that are still imported and cost a lot of money, as well as the lack of partner workshops make the premium of electric car selection more expensive.

For additional information, the premium for motor vehicle insurance has been regulated in the Financial Services Authority Regulation (POJK) Number 2/POJK.o5/2015 in conjunction with SE OJK Number 6/SE.OJK.05/2017 concerning Determination of Premium Tariffs in the Investment Insurance Business Line and Motor Vehicles.

Even though there are regulations that regulate insurance premiums, the features and services of one product with another can be different. There is vehicle insurance that is only a cover of the car, but there are also those who bear the driver and passengers as well. In fact, without an additional fee. Therefore, when receiving an electric vehicle insurance policy, make sure to see what extra protection, features, and benefits are provided by the insurance provider company.

That's information about electric vehicle insurance. Hopefully this article can add insight to the loyal readers of VOI.ID.