Allianz Malaysia Insurance Bhd now has an insurance coverage for electric vehicles (EVs).
The new Allianz EV Shield for electric cars under the Private Car Comprehensive policy features an industry first coverage of on-the-go charging to address concerns among EV owners whose vehicles are stalled out of charge.
The Allianz EV Rangers, In an industry first piloting in the Klang Valley, will provide on-the-spot charging enough to cover the range towards the nearest charging facility.
Policy holders can also expect benefits covering the various touchpoints involved in powering up an EV including: RM15,000 for losses or damages due to fire, theft and natural causes to wall boxes and RM2,000 for losses due to fire, theft and accidental causes for portable charging cables.
A compassionate cover of up to RM5,000, if a mishap occurs while charging using a public EV Charger, is afforded to the customer for the cost of repair or for medical expenses if the vehicle is damaged and the insured suffers bodily injuries.
Additionally, the insured is covered up to RM50,000 for third-party bodily injury and property damaged caused by the Insured's direct use of an EV home wall charger.
"Allianz Malaysia continues to define what roadside assistance means for the customer. With our latest product, we have identified common touchpoints of mishap and have designed solutions holistically. For example, if you are out of battery on the way to catch a flight, our Allianz EV Rangers will zip to you, charge your EV battery enough and set you on your way," said chief executive officer Sean Wang
"Our customers will be entitled to the same premium experience they have come to love with our EV Shield. Leave it to our Road Rangers to take over in the unfortunate event of an accident.
"Our customers will not be forced to endure intimidation by touts who insist on bringing their vehicles to questionable workshops. We work hard to ensure that all the tediousness ends with the accident or breakdown," Wang added.