Etiqa turns into first insurance coverage firm in Malaysia to introduce protection for electrical automobile residence chargers

Etiqa has introduced that insurance coverage and takaful protection for electrical automobile (EV) residence chargers is now obtainable underneath its product portfolio. The protection is out there as a complimentary add-on to an Etiqa personal automobile coverage or certificates for newly-registered battery-powered EVs or plug-in hybrids (PHEV).

To advertise its introduction, the corporate is providing the house wall charger protection as a free add-on for newly-registered EV motor insurance coverage and takaful insurance policies from now till March 31, 2023.

Additionally obtainable is standalone protection for EV residence chargers underneath the All Dangers insurance coverage and takaful plan, this being for EV house owners who’ve bought a EV residence wall charger individually from their new motor insurance coverage/takaful.

Protection for each add-on and the All Threat insurance coverage and takaful will embrace that for hearth, theft (forcible & violent entry), lightning, explosion, bursting or overflowing of water tanks or pipes, storm, windstorm, earthquake and flood. The motor insurance coverage and takaful plans are underwritten by Etiqa Normal Insurance coverage and Etiqa Normal Takaful.

“As a number one insurance coverage and takaful operator that champions sustainability, Etiqa is happy to supply the first-in-Malaysia insurance coverage and takaful protection for EV residence chargers. We hope that it will ease the considerations of automobile house owners in contemplating EVs as a pretty possibility when buying new autos and spark additional dialog within the private selections we are able to all make to deal with local weather change,” stated Etiqa chief technique officer Chris Eng.