New energy vehicle insurance captive insurance is coming! Spontaneous combustion and charging pile losses are claimable

A picture to understand the new energy vehicle captive insurance

People's Daily Beijing, December 14 (Reporter Zhang Wenting) New energy vehicle exclusive insurance is coming! Recently, the China Insurance Industry Association (hereinafter referred to as the Insurance Industry Association) issued the "Exclusive Clauses for Commercial Insurance of New Energy Vehicles (Trial)" (hereinafter referred to as the "Clauses"), which clearly stipulates that claims can be obtained through insurance regarding the risk of spontaneous combustion, battery damage risk and charging pile loss of new energy vehicles that the public is concerned about.

Wang Yuxiang, vice president of the China Insurance Industry Association, told reporters that the introduction of the "Clause" provides more effective and targeted insurance protection for consumers of new energy vehicles. In the development of terms, it not only considers the current mainstream technology route, but also leaves room for innovation in the new format of the new energy automobile industry.

The exclusive insurance of new energy vehicles is "exclusively" to the "three electricity": the risk of spontaneous combustion and the risk of battery damage can be claimed

According to the "Clauses", the main insurance of new energy vehicles includes three independent types of insurance, including new energy vehicle loss insurance, new energy vehicle third-party liability insurance, and new energy vehicle vehicle personnel liability insurance. For the insured, you can choose to insure all types of insurance, or you can choose to insure some of them. The exclusive clause of new energy vehicles also makes it clear that the process of driving, parking, charging and operating of new energy vehicles is within the protection of the three main insurances of new energy vehicles.

It is understood that the most core technology and components of new energy vehicles are batteries and energy storage systems, motors and drive systems, and other control systems, that is, "three electricity". The "Clauses" not only include the "three electricity" into the insurance liability, but also protect all other equipment at the factory, as well as the whole process of vehicle driving, parking, charging and operation, giving the new energy vehicle owners the greatest protection.

Wang Yuxiang introduced that 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 with 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 a new risk factor.

For the above risks, the industry urgently needs to upgrade its insurance protection and insurance services. To this end, the Clause mentions that during the insurance period, the insured or the insured new energy vehicle driver (hereinafter referred to as the "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 factory equipment direct losses, 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.

It is worth noting that battery decay (power batteries can not meet specific capacity, energy or power performance standards), like the depreciation of other equipment, is inevitable, is a quality problem, not due to collisions, accidents, etc. caused by losses, so it is not covered.

The "new" captive insurance for new energy vehicles is full of meaning: adding charging pile loss related insurance types

The insurance liability of the "Clause" is further enlarged, combined with the characteristics of the charging use of new energy vehicles, the "Self-use Charging Pile Loss Insurance" and "Self-use Charging Pile Liability Insurance" are developed, which not only cover the loss of the vehicle, but also include 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 focus on solving the risks arising from auxiliary facilities in the application of new technologies.

Wang Yuxiang stressed that 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.

At the same time, combined with the risks in the charging process of new energy vehicles, the Clauses also designed the "Additional External Grid Fault Loss Insurance" to cover vehicle losses caused by external grid transmission and transformation failures, current and voltage abnormalities, etc., and to disperse risks through the insurance mechanism.