What is covered by insurance?
Speaking to Outlook Money, Amit Gupta, Managing Director at SAG Infotech, said, “As with all vehicle insurance policies, in terms of electric cars, there are two main plans. First is a third party plan. This is insurance that you have to purchase, according to the motor vehicles act of 1988, in order to insure your electric vehicle. This plan will cover you with regards liabilities arising from third party injury and property damage caused by your electric car. However, this plan does not offer you a third party coverage which means you will not get compensation for damages that may be incurred by your car due to an accident.”