It's Time To Charge Your Electric Scooter With Two-wheeler Insurance
It's Time To Charge Your Electric Scooter With Two-wheeler Insurance
To reduce both the expenditure on fuel and the individual’s carbon footprint, people are making a sustainable choice across the globe, i.e. switching to electric vehicles. Especially the trend of riding an electric scooter is catching up in India. Two-wheelers that run on electricity are termed as e-bikes or electronic scooters. Courtesy technological advancements, we now have bikes that can be charged just like any other electronic gadget. The big brands keep launching these stunning vehicles loaded with great features. With more such e-bikes on the roads, comes the need to insure them.
1. Why should your electric scooter be insured?
As per the Indian Motor Vehicles Act, 1988, it is compulsory for bike owners to have a valid third party bike insurance policy and non-compliance with this rule can lead to heavy penalties. But since the electronic bike industry is still in
its nascent phase in our country, the rules and regulations, regarding it are yet to be established.
Electric vehicles that follow the safety requirements of having an electric motor with the power of less than 250W and can attain a maximum speed of 25 kilometres per hour are not categorised as motor vehicles and thus, are exempted
from the rule. However, there has been a constant demand to bring electric vehicles under the ambit of the law to enforce greater discipline on Indian roads. Also, just the fact that road accidents claimed over
1.5 lakh lives in 2018
can tell you that once you hit the road, no matter which vehicle you are riding, you are alwaysvulnerable to accidents. Also, in the absence of a seat belt, accidents while riding a bike becomes more fatal compared to while driving a
car and so demands greater caution.
E-Bikes are comparatively costlier and are a treasured possession of the rider who would want to keep it safe. Therefore, buying comprehensive bike insurance is a must as it covers the damages done to your bike as well as any third-party. It also protects your bike during natural disasters and compensates you in case of its theft. Just like a helmet protects your head against any serious injury, electric scooter insurance can protect you from major financial losses.
2. How should you insure your Electric Scooter?
Most insurers offer two types of two-wheeler insurance. You can opt for Liability Only Policy that will cover the bodily injury (or death) or property damages of any third party or you can go for a Comprehensive Policy that will also include damage to your vehicle.
The procedure to buy insurance for your electric scooter is simple. You need to do some research about the insurance price and scope of coverage from different insurance providers. Once you have made your choice, you can visit their website, fill in the details, and make the payment.
3. What are the documents required for the electric scooter insurance?
Premiums of Electric scooter insurance is cheaper as electric scooters are safe. Since you don’t need a registration certificate for it, other documents needed for the regular two-wheeler insurance will be required. These will include proof of identity and address like passport or driving license or Aadhaar/Voter card. You would also have to submit two recent passport size photographs.
Conclusion
Our natural resources are fast depleting and as informed citizens, we need to do our bit to preserve them by switching to eco-friendly options. Opting for an electric scooter is one way to go about it. However, as the
owner, you must take precautions to ÂÂkeep yourself safe from damages or theft and getting two-wheeler insurance for it would be a great start.
Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.
This blog has been written by
Mukesh Kumar | Motor Insurance Expert | 36+ years of experience in insurance industry
A veteran in the insurance industry, Mukesh Kumar has the expertise of handling various functions like Business Development, Underwriting, Claims, Human Resources, Quality Management and Marketing. With rich knowledge of the industry, he loves to share his views on topics of insurance sector and takes special interest in educating people on advantages of having insurance.
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