Claims Trends: Key Differences for Electric Vehicle Handling & Storage

Welcome to Wayne’s Claims World!

In this series, we share information on claims trends as well as tips and resources for our KBK insureds to better protect themselves if they have a claim. This month, we’re diving into an important and timely topic — electric vehicle handling and storage.

With the electric vehicle trend continuing to gain momentum, towing operators, repair shops and salvage operations need to understand the differences and added risks for towing and repairing these vehicles compared to gas-powered vehicles. If not handled properly, it can lead to costly claims for the insured!

Here is a snapshot of the guiding principles:

• Know your local regulatory requirements regarding who is responsible for disconnecting the batteries after a loss — in many states, this should be done by emergency responders
• When storing an electric vehicle, make sure to place it away from buildings or other vehicles, if at all possible

Agents, make sure your insureds are aware of this information, as it not only relates to claims and cost savings but also their personal safety. 

Disclaimer: The information and recommendations in this blog are not legal advice and are not intended to constitute legal advice. If anyone reading any part of this blog believes that they want legal advice or need legal advice, they should seek legal counsel with lawyers who are licensed to practice law in their State. The recommendations in this blog are for general informational purposes only. 

As a benefit of partnering with KBK Insurance Group, Wayne is available as a resource to help agents and their insureds at any time! Wayne can assist in many ways, from reviewing manuals to visiting a site to discuss loss mitigation.

Wayne King
wking@nsminc.com
(860) 707-6273