Best Insurance for EV Cars - Price, Discount, Policy in India
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Highlights
Earlier, people did not need to pound their heads thinking about any insurance policy for their electric vehicles as there was no such demand centred on it. But with time, the scenario changed drastically. To meet the growing request, car manufacturers are expanding their business for different types of electric vehicles with new-age insurance policies.
People who own any type of fuel-powered car tend to incline towards buying the car policies to remain safe-sided. This policy is the one that will protect your car from any liability such as accidental damage, fire, natural disaster and even injury or damage to the third party. If you are choosing the right policy for your vehicle, you can easily cut off any extra charges.
What is the need of for Insurance for EV CARS?
People generally look for the benefits they can get from any authentic insurance policy. These benefits are-
When you face any unfortunate situations where the third party is injured, then the right policy will cover all the liabilities. The legal liability coverage also includes the comprehensive plan so that you will be protected from all kinds of non-compliance penalties. This comprehensive coverage also includes personal damage coverage. This means this policy will cover a large part of your repair bill.
Different electric vehicle Insurance plans in India
There are mainly two type's insurance policies available in the policy market. The first is the third party car insurance policy. According to the motor vehicle act 1988, it is compulsory to ensure that your vehicle has the right policy that covers all types of third party liabilities.
Second, Comprehensive Car insurance covers both third party damage and personal damage coverage. If your vehicle suffers from any of the damages like riots, storms and accidents, this policy will bear the repair costs related to above mentioned problems.
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Things that the comprehensive policy covers and does not cover
A comprehensive policy has many features and benefits. It covers damage or loss resulting from different types of situations. For example, if you cause any injury to third parties or damage to their property, this insurance policy will cover the loss. Other situations like damage to your car in an accident, if your car is damaged because of any fire or explosion; it also covers for the accidental death or injury of owner-driver, natural disasters such as earthquakes, floods etc.
There are several things that this policy does not cover, like if your vehicle is damaged due to an electrical or mechanical failure, due to normal wear and tear, for careless driving and does not have any valid licence.
Why do you need an insurance policy?
There are major reasons why you should buy an insurance policy. And you do not own one, you should get it as soon as possible.
Legal mandate, the vehicle act has already made it mandatory for any vehicle to have an insurance policy. If you do not own one, then you will receive heavy fines. If your car gets damaged in the event of an accident, then the insurance policy will help you bear fewer burdens for your expense. Then there is personal accident cover and third party liability, which the insurance policy covers.
![jej159j](https://c.ndtvimg.com/2022-02/jej159j_car_625x300_14_February_22.jpg)
Conclusion
The right insurance is essential even if you are driving gasoline, diesel, fuel-based, or electric cars. For any additional fee, you can purchase any right policy. But it would be best if you were very careful while opting for one because several policies can be fraudulent, so choose a liable policy for an electric vehicle that comes with at least a 15% discount and is similar for electric vehicles.
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