Third-party liability means losses and damages arising due to injury or loss caused to a third-party body or property in an accident in which your car was involved. It also covers financial loss which may arise due to the death of an individual in an accident.
e-car insurance covers damages caused to your electric car due to natural disasters such as hurricanes and cyclones and man-made disasters like strikes and riots.
In the event of an accident, your electric car might also get damaged. The cost of repairing your electric car is also covered in the policy.
e-car insurance also covers damages suffered by your car if it explodes or catches fire.
E-car insurance compensates you for the financial loss suffered if your car is lost or stolen.
If you are vehicle is under transportation via rail, road, water or air and sustains damages such damages would be covered in the electric car insurance policy.
All vehicles depreciate as it is used. Normal wear and tear due to the ageing of your electric car is not covered.
The insurance company is not liable to pay the claim if you drive the vehicle without a valid driving licence or under the influence of drugs or alcohol.
Losses which are not the direct result of an accident are known as consequential losses. Consequential losses are not covered.
The cost of repairs due to an electrical or mechanical breakdown of your car would not be covered.
If you use your car for criminal or hazardous activities, resulting in damages, no claim would be entertained.
Damages suffered by your electric car outside the geographical limits of India are excluded from coverage.
