Electric vehicle owners may face an unexpected financial hurdle when purchasing a new car, as brokers often overlook a critical insurance coverage gap. The transition from traditional combustion engines to EVs introduces unique risks, including higher repair costs and specialized parts, which standard policies may not fully address. Buyers could end up underinsured without proper guidance on tailored EV coverage options. Understanding these nuances is essential for avoiding costly oversights in protection plans.
What brokers should tell EV buyers about the insurance gap Insurance Business
