Pioneer Insurance has launched a specialized electric vehicle (EV) insurance called EV One, which is now available directly to BYD customers through the Pioneer-BYD La Union partnership. The insurance aims to provide BYD customers with easy access to Pioneer’s EV One insurance, which is designed to address the unique needs of EV owners. EV owners face unique challenges, including higher costs of maintenance and replacement, but Pioneer EV One aims to provide peace of mind with its comprehensive coverage.
The policy covers a wide range of EV types, including hybrids, plug-in hybrids, and battery electric vehicles, and includes unique benefits such as the Range Anxiety Cover, which provides towing services to the nearest charging station or back to the point of origin if the vehicle runs out of power. Other benefits include coverage for the Advanced Driving Assistance System (ADAS), Charging Equipment Cover, and Enhanced Battery Coverage, which safeguards private EV charging accessories and covers repair or replacement costs for battery-related issues.
In addition to these specialized benefits, Pioneer EV One includes standard comprehensive motor policy coverages, such as own damage, third-party liability, acts of nature, and theft. The policy also comes with the Loss of Use benefit, which provides reimbursement for transportation expenses of up to P500 per day for 15 days in the event of vehicle downtime due to repairs.
Pioneer Insurance recognizes the growing demand for EVs and the unique coverage they require, and is well-positioned to support EV owners with comprehensive and convenient insurance options. The partnership with BYD La Union aims to provide BYD customers with easy access to Pioneer’s EV One insurance, making it easier and more convenient for them to adopt electric transportation.