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The advent of new energy exclusive car insurance that has been brewing for a long time, the owners of traditional car insurance for a long time are finally looking forward to this day.
On December 14, the China Insurance Industry Association issued the "Exclusive Clauses for Commercial Insurance of New Energy Vehicles (Trial)", which can be insured against new energy vehicle batteries, spontaneous combustion, and charging piles, but the controversial problem of battery aging is not included in the coverage. Exclusive car insurance arrives, will the premium rise?
Spontaneous combustion of new energy vehicles, "three electricity"
Included in the scope of protection
Spontaneous combustion incidents of new energy vehicles occur from time to time. According to data released by the Shanghai Municipal Market Supervision and Administration Bureau, there were 15 new energy vehicle smoke and fire accidents in China in August 2020 alone. Spontaneous combustion occurred during vehicle standing, charging, and driving.
Compared with traditional car insurance, the insurance liability of the Clauses is further expanded. 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.
During the insurance period, the insured or the driver of the insured new energy vehicle in the process of using the insured new energy vehicle, due to natural disasters, accidents (including fire and combustion) caused by the direct loss of the following equipment of the insured new energy vehicle, 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.
Body;
Battery and energy storage systems, motors and drive systems, other control systems;
All other factory-time devices.
The "Clauses" also include "three electricity" in the insurance liability, and also protect the body, all other equipment leaving the factory, as well as the use of the vehicle's driving, parking, charging and operation.
Among them, batteries and energy storage systems, motors and drive systems, and other control systems, commonly known as "three electricity", are the core technology of new energy vehicles, and new energy vehicle batteries account for a large proportion of the value of the whole vehicle.
Zhang Lei, CEO of AutoMotive Technology, said that the biggest difference between new energy vehicles and traditional fuel vehicles is "three electricity", and the inclusion of insurance liability in "three electricity" is the biggest embodiment of the "exclusive" of new energy vehicle insurance, indicating that the supervision fully takes into account the product attributes and risk characteristics of new energy vehicles, starting from the interests of users, so that new energy vehicles have their own insurance protection.
Charging pile goodbye to "naked running"!
A variety of riders are available
In order to better meet the insurance needs of new energy vehicle owners, the "Clauses" designed additional external grid fault loss insurance, additional self-use charging pile loss insurance, additional self-use charging pile liability insurance, and additional new energy vehicle value-added service special clauses.
In addition, the additional insurance also includes 9 types of additional wheel loss insurance, additional newly added equipment loss insurance, and additional body scratch loss insurance. However, it should be noted that new energy vehicles that are insured with new energy vehicle loss insurance can be insured with additional insurance.
Taking the additional self-use charging pile loss insurance as an example, during the insurance period, if the insurance policy indicates the address, the insured's self-use charging pile that meets the technical conditions and installation standards of the charging equipment, and the charging pile itself loss caused by natural disasters, accidents, theft or damage by others, the insurer calculates the compensation according to the actual loss within the insurance amount of the additional insurance specified in the insurance policy.
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, focusing on solving the risks arising from auxiliary facilities in the application of new technologies.
Battery attenuation, illegal modification, etc. are not insured
Specifically, the insurer is not responsible for compensation for the attenuation, decay, corrosion, failure, and quality defects of the new energy vehicle battery. Compared with the Model Clauses for Commercial Insurance of Motor Vehicles (2020 Edition), the exclusion of liabilities increases battery attenuation and losses of insured new energy vehicles due to external grid failures during charging.
In this regard, Zhang Junyan, a researcher at the China Insurance Research Institute at Chinese Min University, said that not all risks are insurable risks. One of the elements of the insurable risk is that the occurrence of the risk should be accidental, and the battery attenuation is an inevitable occurrence and does not meet the requirements of the insurable risk.
In addition, like traditional car insurance, the insurer is not responsible for compensation for losses and expenses of insured new energy vehicles caused by depreciation caused by changes in market prices, impairment losses caused by reduced value after repair, etc. The insured new energy vehicle is transferred, modified, installed or changed in the nature of use, etc., resulting in a significant increase in the degree of danger of the insured new energy vehicle, and the insurer is not notified in time, and the insured accident occurs due to a significant increase in the degree of danger, which is also excluded.
Exclusive car insurance arrived
Car owner premiums are up or down
Previously, the Insurance Association issued the "Explanation on the Adjustment of the Pure Risk Premium Table of the Benchmark Pure Risk Premium Table for Commercial Insurance Exclusive Products of New Energy Vehicles" to property insurance companies. In terms of rates, compared with the current benchmark premiums of traditional car insurance, the benchmark premiums of the three insurances and car damage insurance of new energy vehicles have decreased by 0.8% overall. The benchmark premiums of the three insurances decreased by 0.1% compared with the current ones, and the benchmark premiums of the motor damage insurance fell by 1.2% compared with the current ones.
Then, the "Provisions" expand the scope of protection for new energy vehicles, and whether the new energy vehicle insurance rates that car owners care about will increase or decrease?
In the view of Pang Bo, CEO of Aiwen Insurance, the pure risk rate has been adjusted, and the models below 250,000 yuan have only dropped and not risen, and the models above 250,000 yuan have risen partially, but the overall situation does not exceed 3%. Considering the difference between insured car damage insurance and the three insurances, the overall proportion is about 50% price reduction, 30% flat, and 20% increase.
Zhang Junyan said that practice in recent years has shown that the compensation expenditure of new energy vehicles is significantly higher than that of traditional fuel vehicles, and when the front-line fuel vehicle clause is used, the rate of new energy vehicles is usually higher than that of fuel vehicles. Judging from the "Explanation", although the benchmark premium has declined, it remains to be seen whether the rate will fall after the use of exclusive terms, taking into account the current high insurance rate and maintenance costs of new energy vehicles.
Reporter 丨 Chen Tingting Hu Yongxin
Image source 丨Visive China, One Map Network
Editor 丨 Zhang Lan