Etiqa offers coverage for EV home chargers

KUALA LUMPUR: Etiqa has launched the country's first insurance and takaful coverage for electric vehicle (EV) home chargers.

In a statement, it said the coverage is available as a complimentary add-on to an Etiqa private car policy or certificate for newly registered battery-powered electric vehicles (BEV) or plug-in hybrid electric vehicle (PHEV).

"Standalone coverage for EV home chargers under the All Risk Insurance and Takaful plan is also available for EV owners who have purchased the EV home wall charger separately from their new motor insurance/takaful," it added.

The motor insurance and takaful plans are underwritten by Etiqa General Insurance Bhd and Etiqa General Takaful Bhd.

The campaign period for the free add-on Home Wall Charger coverage for newly registered EV motor insurance and takaful, runs from now until March 31, 2023.

Coverage for both add on and the All Risk Insurance and Takaful will include for fire, theft (forcible & violent entry), lightning, and explosion, bursting or overflowing of water tanks, or pipes, typhoon, windstorm, earthquake and flood.

"As a leading insurance and takaful operator that champions Sustainability, Etiqa is pleased to offer the first-in-Malaysia insurance and takaful coverage for EV Home Chargers.

"We hope that this will ease the concerns of car owners in considering EVs as an attractive option when purchasing new vehicles and spark further conversation in the personal choices we can all make to tackle climate change," said Etiqa chief strategy officer Chris Eng.