Etiqa Rolls Out Insurance Coverage For EV Home Chargers

Alex Cheong Pui Yin

18th October 2022 - 2 min read

Etiqa has rolled out Malaysia’s first insurance and takaful coverage for electric vehicle (EV) home chargers, currently provided as a complimentary add-on to its comprehensive Etiqa motor insurance plan. The offer is available to customers who sign up for Etiqa’s private car policy between 1 October 2022 to 31 March 2023.

Underwritten by Etiqa General Insurance Bhd and Etiqa General Takaful Bhd, the add-on coverage – which is valid for a year – will provide reimbursements of up to RM12,000 to replace or repair your EV home charger in the event of the following situations:

Theft (forcible and violent entry)
Fire
Flood
Lightning
Explosion
Hurricane, cyclone, typhoon, windstorm, and earthquake
Aircraft and aerial devices or articles dropped therefrom
Impact damage by road vehicles
Burst or overflowing water tanks, apparatus, or pipes

Etiqa also clarified that the coverage is limited to one occurrence during the tenure of the insurance plan, and is applicable only to newly registered battery powered EVs or plug-in hybrid EVs used for private purposes with new home chargers. Additionally, the vehicle insured must be below one year of age, and should not have been reconditioned.

“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,” the insurer further shared in a statement.

“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 changes,” said the chief strategy officer of Etiqa, Chris Eng.

(Sources: Etiqa, The Star)

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Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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