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Is Two-Wheeler Insurance Compulsory For Electric Scooters?

Published On Apr 16, 2021 11:00 AM By InsuranceDekho

Finding insurance companies that normally cover electric two-wheelers may be difficult. This isn't to say you shouldn't insure your electric scooter. Know whether two-wheeler insurance is compulsory for electric scooters?

In India, the risks associated with electric two-wheelers are limited because they provide a similar level of control and performance to motor vehicles. However, it is critical to insure your electric scooter against a variety of damages and losses that may arise as a result of a variety of accidents.

Is Two-Wheeler Insurance Compulsory For Electric Scooters?

Is Two-Wheeler Insurance Compulsory For Electric Scooters?

Because they rarely use two-wheeler insurance, a majority of Indians do not consider two-wheeler insurance to be important. When, in fact, they have no way of knowing when or how a disaster will strike. Physical injuries, and vehicle damage or loss, may occur because of such accidents. In the absence of a two-wheeler insurance policy, the vehicle's owner would be responsible for all losses and costs. And these costs can add up quickly. These dangers are covered by an electric scooter insurance policy. In addition, the Motor Vehicles Act has made two-wheeler insurance mandatory.

Benefits of Two-Wheeler Insurance For Electric Scooters

Here are a few reasons as to why you should insure your Electric Scooter:

  • Electric Scooters Are Expensive

Despite the government's efforts to encourage the use of electric cars in India, there has been little demand for them. One of the main reasons why electric two-wheelers are still out of reach for most people is because of this. If you have an electric scooter or plan to get one in the near future, you are probably aware that it is a substantial investment. Electric scooters have their own set of benefits and drawbacks. The complex electrical, mechanical, and computer-driven technologies are prone to losses and damages, despite being environmentally friendly, noise-free, and cost-effective to use. Electric scooters, like any other motor vehicle, carry a certain amount of risk. As a result, it is critical that you pay close attention to having your electric scooter insured so that you can ride without fear.

  • High Degree Of Risk

Some high-end electric vehicles are bulkier and go faster. This exposes them to even more danger. Furthermore, the vehicle's complex technology and electrical and mechanical components have a greater risk of failure. In the event of an unfortunate or unexpected event, insurance can be a lifesaver. In the absence of this, the vehicle owner will be responsible for all costs associated with vehicle repair and retrieval, as well as personal injuries.

  • Limited Electric Scooter Coverage

Due to the lack of widespread adoption of electric scooters, an electric bike is insured in the same manner as a motor vehicle. Electric scooter insurance is usually offered with limited coverage by traditional bike insurance providers in India. Some insurance companies refuse to cover electric bikes because they are not required to be registered. As a result, it's critical to weigh your options and choose the policy that provides the most coverage for the least money.

  • E-Bike Insurance Is Affordable

Most electric two-wheeler models available in India, do not go faster than 60 km/h. This makes them ideal for city commutes. In India, electric scooters have yet to become a popular mode of transportation. Lower speed equals lower risk, so it shouldn't be as expensive as motor vehicles with higher cubic capacity and more power. You may also customize your insurance policy based on your specific requirements. A typical comprehensive bike insurance policy will provide you coverage against a variety of risks such as losses or damages caused by theft, collision, crash, fire, and other natural and man-made disasters.

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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