GA Insurance Limited Unveils the First Comprehensive Electric Vehicle Insurance Cover& Carbon Neutral Insurance Product in Kenya
GA Insurance Ltd, the 3rd largest general insurer in Kenya launched and unveiled the first-ever Comprehensive Insurance Cover tailored exclusively for Electric Vehicles (EVs) in Kenya.
The GA Eco Drive Cover insures all segments of electric vehicles including E – bikes. The adoption of electric vehicles in Kenya has been on a steady rise, with a remarkable 108% increase in Electric vehicle sales during the 2022-2023 financial year and as per Government of Kenyaβs plans 5% of registered vehicles would be EVs by 2025. Β Therefore, this groundbreaking product is designed to cater for the emerging risks faced by the E Mobility ecosystem in Kenya and reinforces the companyβs commitment to sustainability by designing innovative risk transfer solutions.
Key Features and Benefits of the GA ECO Drive Insurance Cover include:
- Battery Cover β meeting the cost of repairing or replacing the battery in case of theft or accidental damage.
- Charging Cable Cover β protection of the charging cables from theft or accidental damage.
- Cover for Private Charging Station β Reliably safeguards charging stations against unexpected damage or theft.
- Out of Charge Recovery Benefit β with the cover, GA will assist to get the customer to the nearest charging point within the shortest time possible in case the car runs out of charge.
- Autonomous Driving Cover β covers accidents occurring when using self- driving features
- Cyber Attack Coverage – In today’s digital world, cyberattacks can target vehicleβs electronic system. GA Eco Drive protects from these online threats if they cause damage while using self-driving features of the car
- In-car Entertainment Unit and Satellite Navigation Systems Cover – In case of any theft or accident, GA shall facilitate settlement as per the claim details.
- Cover for injury and damage caused by charging cables β any damage caused by the charging cable to third party individuals or third-party property will be covered up to the limit provided.