Electric Scooter Insurance Policy Coverage, Types

Electric Scooter Insurance Policy

This post was originally published on September 29, 2022.

Electric scooter Insurance Policy in India is a financial product that can provide insurance for your vehicle damage, vehicle theft, liability insurance, etc. Scooter insurance that covers all types of damage and loss is a wise move. The industrial revolution and technological progress have brought our country to new horizons.

Electric Scooter Insurance Policy

However, this must be paid. This is becoming a serious threat, and metropolitan areas such as Delhi, Mumbai, and Bangalore are the best examples.

The Indian government recently set the goal of creating “all-electric” to control the country’s growing pollution. India ranks first among the five countries that use the largest conventional fuel energy.

The massive consumption of crude oil poses a serious threat. Therefore, the promotion of electric scooters, also known as electric scooters, has become more important today.

Benefits of Electric Scooter Insurance Policy in India

You must insure your electric scooter in accordance with scooter specifications and legal requirements. Another important reason for insuring your scooter is that it is an asset.

When you can file a claim for scooter damage and save repair costs, the asset can be financially protected from loss (such as repair costs).

The following are the main benefits of insuring electric scooter:

  • Obey the law.
  • Provide financial assistance in the event of an accident.
  • If your scooter breaks down, you can rest assured.

How to choose the right Electric scooter insurance Policy in India

When buying insurance for your electric scooter online, please pay attention to the following points.

  • Make sure you are legally responsible.
  • Purchase a full coverage policy at an affordable price.
  • Consider digital-first insurance companies because they have robust processes that apply to all insurance-related processes.
  • Compare plans based on premiums, coverage, and services.
  • Read the terms and conditions carefully and understand what is included and excluded from the policy.

Electric Scooter Insurance Policy

What documents are needed to insure the electric scooter?

Because electric scooters are safer, your insurance premium will be cheaper, because no registration certificate is required, and other documents that are usually required for two insurances, including identification and address proof, such as passport or driving license or aadhaar/voter card. You must also show two recent passport photos.

Electric scooter Insurance Policy types

If you want to buy insurance for your electric scooter, you basically need to know two types of insurance:

  • Third party Liability insurance: This is the main form of compulsory insurance in India. This policy mainly protects the insured from any financial or legal liability caused by damage to a third party or its property. This also applies to car owners.
  • Comprehensive Two-Wheeler Insurance Policy: Your two rounds of comprehensive insurance provide you with more protection. Provide protection against various natural and man-made disasters for the insured.

In any unfortunate event that causes damage or loss to you or your vehicle, your insurance policy can be your greatest redemption.

Car insurance should be renewed every year. Up to 3 years. Choosing this type of policy can save you a lot of trouble, and you may still be eligible for certain discounts.

High risk

Some more expensive electric vehicles tend to be faster and larger, which makes them more vulnerable.

In addition, the cutting-edge technology and electrical and mechanical components used in vehicles pose a higher risk of failure.

Insurance can be a great savior of misfortune and accidents. Otherwise, the high maintenance and repair costs and the risk of injury must be completely borne by the car owner.

Especially in India, where electric scooters has not yet become a popular means of transportation, due to heavy traffic, most available two-wheel electric models do not exceed 60 km/h.

Lower speed means lower risk, so it shouldn’t be too expensive, just like a car with a larger displacement and greater passenger power.

You can also customize your insurance policy. According to your specific requirements.

Typical comprehensive insurance can protect you from various risks, such as loss or damage caused by theft, collision, collision, fire, and other natural and man-made disasters.

Why buy two-wheeler Insurance for Electric Scooters?

In addition to complying with the law, there are other reasons why you should insure your two-wheeled electric scooter.

  • Electric scooters are expensive:

Despite the efforts of the Indian government to encourage the purchase and use of electric scooters, the demand for electric scooters has not decreased.

The main reason behind this shyness is the price of electric scooters in India. Higher than gasoline scooters or motorcycles.

Therefore, it is necessary to protect it from accidental damage. Since these scooters are expensive, maintenance costs can be very high, and insurance can save your life.

  • Some electric scooters are powerful machines:

As we mentioned earlier, some electric scooters do not require registration. In addition, you don’t even need a valid license to run any of them.

Exceptions to this rule are allowed because these scooters generate less energy and are not allowed to exceed 25 km/h, which is not the case with modern electric scooters.

In recent years, Indian automakers have launched many electric scooters with powerful motors that can generate high torque; these two models can accelerate instantly, with a top speed of about 8090 km/h.

In case of an Unfortunate event, the Electric scooter insurance Policy in India can protect you from high maintenance costs.

Homepage EV Cars