Exclusive terms of new energy vehicle insurance released: covering diversified scenarios, charging pile damage can be compensated

More than four months after public comment, the China Insurance Industry Association issued exclusive clauses for commercial insurance for new energy vehicles.

On December 14, the China Insurance Industry Association issued the Exclusive Clauses for Commercial Insurance for New Energy Vehicles (Trial Implementation) (hereinafter referred to as the "Clauses"), and the long-awaited exclusive clauses for new energy vehicles in the industry have finally arrived.

In recent years, the technological progress of China's automobile industry is changing with each passing day, and the new energy automobile industry is advancing by leaps and bounds. New technologies bring new challenges, new energy vehicles to power batteries as energy storage devices, vehicle auxiliary equipment extended to charging facilities, in the process of vehicle use, in addition to the traditional traffic accident risk, power battery fire, deflagration caused by major accidents constitute new risk factors, for these risks, the need for product innovation, in the insurance protection and insurance services to achieve upgrading.

The so-called new energy vehicles refer to wheeled vehicles, tracked vehicles and other means of transport that use new power systems, are driven entirely or mainly by new energy, and are used for passenger use by personnel or for transporting goods and special operations on the road, but do not include motorcycles, tractors and special vehicles.

It is also because the core technology and components of new energy vehicles are electric drives, batteries and electronic controls, and the risks are also concentrated here, making their traditional fuel vehicles form a big difference. Some insiders told the surging news that the current loss rate of new energy vehicles in the auto insurance industry far exceeds 150%, and the compensation pressure is relatively large.

The "Clause" combines the characteristics of the charging use of new energy vehicles to develop the "Self-use Charging Pile Loss Insurance" and "Self-use Charging Pile Liability Insurance", which not only covers the loss of the vehicle, but also includes the loss of auxiliary equipment such as charging piles and the property losses and personal injuries that may be caused by the equipment itself; and concentrates on solving the risks caused by auxiliary facilities in the application of new technologies. According to the China Insurance Association, this is the first time that auto insurance has underwritten external fixed auxiliary equipment, and it is an innovation and exploration in the field of auto insurance.

According to the Terms, during the insurance period, the insured or the insured new energy vehicle driver in the process of using the insured new energy vehicle, due to natural disasters, accidents (including fire and combustion) caused by the insured new energy vehicle body, battery and energy storage system, motor and drive system, other control systems, and all other equipment at the factory, and does not fall within the scope of exemption from the insurer's liability, the insurer is responsible for compensation in accordance with the provisions of this insurance contract. The above-mentioned process of using new energy vehicles includes driving, parking, charging and operation.

The "Clauses" also make it clear that during the insurance period, if the insured new energy vehicle is stolen, robbed or robbed, the insurer is responsible for compensation in accordance with the provisions of this insurance contract after the public security criminal investigation department at or above the county level where the accident took place to prove that the total loss of the vehicle has not been ascertained for 60 days, as well as the direct loss caused by the damage caused by theft, robbery or robbery, and does not fall within the scope of exemption from the insurer's liability.

In terms of deductibles, the Clause only points out that where the insured and the insurer negotiate to determine the absolute deductible when applying for insurance, the insurer shall increase the absolute deductible for each accident on the basis of calculating the indemnity in accordance with the insurance contract.

In terms of the insurance liability of third-party liability insurance and vehicle personnel liability insurance, the insurer's liability stipulated in the Clauses is roughly consistent with that of traditional automobile insurance. However, the "Clauses" indicate in special brackets after "accidents" that contain fire and combustion, which is also a frequent occurrence in new energy vehicle accidents in recent times.

Combined with the risks in the charging process of new energy vehicles, the "Clauses" give a variety of additional insurance options. For example, the "Additional External Power Grid Fault Loss Insurance" covers vehicle losses caused by external power grid transmission and transformation failures, current and voltage abnormalities, etc., and spreads the risk through the insurance mechanism; "Additional Self-use Charging Pile Loss Insurance" covers the loss of the charging pile itself due to natural disasters, accidents, theft or damage by others.

The China Insurance Association said that in the next step, under the guidance of the China Banking and Insurance Regulatory Commission, we will actively organize industry entities, adhere to meeting the needs of the masses as the starting point, continue to strengthen source innovation and collaborative innovation, take scientific and technological empowerment as the way, continue to accelerate the integration of technology and data with the new energy automobile industry chain and value chain, and continuously innovate and optimize products and services.