The China Insurance Industry Association officially released the new energy vehicle insurance clause, which will gradually solve the pain points of new energy vehicle insurance consumption

On December 13, the China Insurance Industry Association officially issued the notice of "Exclusive Clauses for Commercial Insurance of New Energy Vehicles of China Insurance Industry Association (Trial)".

The notice clarifies that the coverage includes direct losses of the following equipment in the insured new energy vehicle due to natural disasters, accidents (including fire and combustion), including body, battery and energy storage systems, motors and drive systems, other control systems, and all other equipment at the factory. The scope of use includes driving, parking, charging and operation, which covers almost all the use scenarios of new energy vehicles.

According to the terms, new energy vehicles refer to vehicles that use new power systems and are driven entirely or mainly by new energy sources, including plug-in hybrid (including range extender) vehicles, pure electric vehicles and fuel cell vehicles.

Compared with fuel vehicles, new energy vehicle owners are more worried about the problem of electric vehicle fires. Once a third party is involved, such as a car spontaneously combusting and causing damage to a car or other property, the loss is often huge, exceeding the sum insured by the third party car insurance. Therefore, this time, exclusive additional insurance has been set up for new energy vehicles.

Among them, in the fire accident limit doubling insurance, the insured new energy vehicle (the additional insurance has been deleted in the final draft) doubles the main liability limit on the basis stated in the insurance policy, which is divided into three gears: 2 times, 3 times, and 4 times, and the specific file is negotiated by the insured and the insurer.

Taking the current maximum insurance amount of 10 million yuan for three liability insurance as an example, the maximum insurance amount of the three new energy vehicles can reach 40 million yuan in the case of doubling the limit of fire accident insurance.

It is worth mentioning that in the trial clauses released this time, the battery attenuation is still not within the scope of insurance, and at present, this content only appears in the warranty provided by the manufacturer or the provisions of the three-guarantee law stipulated by the state.

As a new thing, new energy vehicles have developed in China for more than ten years, but the relevant regulations on their insurance are not comprehensive enough.

Relevant data in 2019 show that the average premium of new energy vehicles is 21% higher than that of traditional fuel vehicles, but new energy vehicles have the phenomenon of "high premiums and low claims" in the claims, and new energy vehicles are usually more expensive when calculating insurance premiums.

That is, insurance companies adopt the method of "insuring new energy vehicles according to the pre-subsidy price and paying according to the post-subsidy price". At the same time, the most important core "three electricity" system of electric vehicles is also very vague in the definition of relevant provisions, which is easy to cause claim disputes.

Therefore, it is imperative to promote the reform of new energy vehicles in insurance and claims, and the launch of exclusive car insurance for new energy vehicles will gradually change the above status quo.

(Article reproduced from NetEase)

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