EV fire incidents 'not a concern', insurers unlikely to hike premiums

Despite rising incidents of two-wheeler electric vehicles (EVs) catching fire, general insurance companies are not planning to increase premiums immediately as claims are still in single digits. The insurers said they will keep a watch and hoped manufacturers will improve the quality of vehicles.

The vehicle owner will be eligible for claims from an insurance company in the event of a two-wheeler EV catching fire, only if he/she has a comprehensive motor insurance policy, which includes an own damage and a third party cover. If one has only a third party insurance cover, then insurance companies will not cover the damage to