Auto News Desk!!! With the onset of winter, the air condition is getting worse in many big cities of the country including Delhi, due to which the issue of reducing the number of vehicles plying on the roads has started rising once again. The November 2023 ban on all BS3 and BS4 vehicles except compressed natural gas (CNG) and electric vehicles (EVs) in the National Capital Region (NCR) was a blow to the owners and manufacturers of these vehicles. In such a situation, people who cannot buy a new vehicle are looking for options to convert their vehicle into CNG or EV, where an external CNG or EV kit can be installed in the existing vehicle.
Information provided by insurance companies
If you also want to convert your car into electric, then remember that it may affect your car insurance and without a valid insurance policy, no vehicle can be legally driven on the roads. Insurance companies agree that modified two-wheelers or cars can be insured, but they say that it is necessary to inform the insurance company about changes in the vehicle.
The company may also reject the claim
According to Moneycontrol, Parthanil Ghosh, President (Retail Business), HDFC ERGO General Insurance, said that in a situation when an insured fails to inform the insurance company and meets with an accident, the company may reject the claim. .
Even if you change the fuel type of the vehicle during the policy year, there is no problem. The insurance company may update your policy to reflect the status of the new vehicle. But for this it is important to inform the insurance company, because due to change in the power source for the car or two-wheeler, many things change at the technical level.
There may be problems in claim settlement
Aditya Kumar, head of motor underwriting, Digit General Insurance, said car insurance premium is decided based on several factors, including the type of fuel and the insured declared value (IDV) of the vehicle. When a car is modified from the one provided by the original equipment manufacturer (OEM), the type of risk covered by the insurer on that vehicle changes. If the vehicle does not inform the insurance company about this change, problems may arise during the claim settlement process. Insurance companies have faced such situations.
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