Learn new energy auto insurance terms and better serve users

December 15, 2021
      On December 14, the Insurance Industry Association of China issued the "New Energy Vehicle Commercial Insurance Exclusive Clauses (Trial)" (hereinafter referred to as the "Terms"). The industry's long-awaited exclusive clauses for new energy vehicles finally came. Junfeng Company earnestly organized the study that day, combined sales practices and user demands, formulated sales countermeasures, and better served Junfeng Motor's new energy vehicle users.

   More than 4 months after public consultation, the Insurance Association of China issued exclusive clauses for commercial insurance of new energy vehicles.

  In recent years, the technological advancement of my country's automobile industry has been changing with each passing day, and the new energy automobile industry has been advancing by leaps and bounds. New technologies bring new challenges. New energy vehicles use power batteries as energy storage devices, and vehicle auxiliary equipment extends to charging facilities. During vehicle use, in addition to the traditional traffic accident risks, major accidents caused by fire and deflagration of power batteries constitute new For these risks, product innovation is required to achieve upgrades in insurance protection and insurance services.

The so-called new energy vehicles refer to wheeled vehicles, crawler vehicles, and other vehicles that use new power systems and are driven entirely or mainly by new energy sources to travel on roads for passengers or for transporting objects and for special operations. But it does not include motorcycles, tractors, and special vehicles.

   It is also because the core technology and components of new energy vehicles are electric drive, battery and electronic control, the risks are also concentrated on this, making its traditional fuel vehicles form a big difference. An insider told The Paper that the current compensation rate of new energy vehicles in the auto insurance industry is far more than 150%, and the compensation pressure is relatively high.

The "Article" combines the characteristics of new energy vehicle charging and develops "Self-use Charging Pile Loss Insurance" and "Self-use Charging Pile Liability Insurance", which not only covers the loss of the vehicle, but also includes the loss of the charging pile and other auxiliary equipment itself and the equipment itself. Property loss and personal injury; focus on solving the risks arising from the application of new technologies and auxiliary facilities. The China Insurance Association revealed that this is the first time for auto insurance to insure off-vehicle fixed auxiliary equipment, and it is an innovation and exploration in the field of auto insurance.

According to the "Articles", during the insurance period, the insured person or the insured new energy vehicle driver uses the insured new energy vehicle due to natural disasters, accidents (including fire and combustion) caused by the insured new energy vehicle body, battery And energy storage systems, motors and drive systems, other control systems, and all other direct losses of the equipment at the factory, and are not within the scope of exemption from the insurer’s liability, and the insurer shall be responsible for compensation in accordance with this insurance contract. The above-mentioned process of using new energy vehicles includes driving, parking, charging and working.

The "Articles" also clarify that during the insurance period, the insured new energy vehicle is stolen, robbed, or robbed, and the entire vehicle is lost if the whereabouts of the vehicle is not ascertained for 60 days, as well as due to theft after the case has been filed by the public security criminal investigation department at or above the county level. , Robbery, robbery and damage caused by direct losses, and are not within the scope of exemption of the insurer’s liability, the insurer shall be responsible for compensation in accordance with this insurance contract.

In terms of deductibles, the "Articles" only point out that for the insurer and the insurer negotiated to determine the absolute deductible when applying for insurance, the insurer will increase the absolute deductible for each accident on the basis of calculating the indemnity agreed in this insurance contract Forehead.

   From the perspective of third party liability insurance and vehicle personnel liability insurance, the insurer’s compensation liability stipulated in the "Articles" is roughly the same as traditional auto insurance. However, in the "Articles", after "accidents", special brackets indicate fire and combustion, which is also a frequent occurrence of new energy vehicle accidents in recent times.

  Combined with the risks in the charging process of new energy vehicles, the "Terms" gives a variety of additional insurance options. For example, "Additional External Grid Failure Loss Insurance" underwrites vehicle losses due to external grid transmission and transformation failures, current and voltage abnormalities, etc., through insurance mechanisms to spread risks; "Additional Self-use Charging Pile Loss Insurance" underwrites natural disasters and accidents , Loss of the charging pile itself caused by theft or damage by others.

   Junfeng believes that with new energy vehicle insurance clauses, China’s new energy vehicles will usher in a greater market space. It is predicted that the market penetration rate of new energy vehicles will exceed 20% in 2022, and the sales volume will reach 5 million. The timely arrival of new energy vehicle insurance clauses will surely escort the market, allowing users to use them with peace of mind and comfort. , So that vehicle manufacturers are more confident to promote the use of new energy vehicles.

      Junfeng Company suggests that overseas markets can learn from the experience accumulated in the use of new energy vehicles in China, develop new energy vehicle insurance products, and expand the market space for new energy vehicles.