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Wednesday, February 28, 2024

Native telematics insurtech KOBA Insurance coverage proclaims the launch of its EV insurance coverage product

KOBA Insurance coverage will launch a devoted EV insurance coverage product to cater for the rising Australian EV market in March 2024.

Starting with Tesla, KOBA will present one in all Australia’s first related, complete EV insurance coverage insurance policies to fulfill the wants of EV drivers; together with options corresponding to Selection of Repairer possibility, EV Automotive Rent possibility, Charging tools cowl and Battery Well being checks.

“EV is a fast-emerging market right here in Australia and with that comes a chance for a bespoke EV insurance coverage product. As an insurtech with telematics on the coronary heart, KOBA has been working carefully with the EV neighborhood to construct a product to fulfill the wants of EV drivers,” mentioned Andrew Wong, Founding father of KOBA.

That includes on the upcoming Every thing Electrical occasion in Sydney, KOBA is giving EV fanatics the possibility to enter into the product roadmap to proceed to design an EV insurance coverage expertise that’s significant to them.

“Most insurers provide protection for EV’s, nevertheless their EV merchandise are typically the identical as conventional complete merchandise, which don’t actually leverage the advantages that an EV automotive affords, nor provide providers distinctive to EV possession. That’s the place our product will differ. We’ve labored immediately with the EV neighborhood to fill within the gaps and can proceed to work collectively to evolve the EV insurance coverage expertise. KOBA is constructing an EV coverage and repair designed by EV drivers. And that’s what we’re most enthusiastic about,” continued Wong.

KOBA Insurance coverage is underwritten by Pacific Worldwide Insurance coverage; a partnership that mixes Pacific’s in depth expertise in constructing distinctive insurance coverage choices, with KOBA’s revolutionary method to pioneer data-driven and user-based method to automotive insurance coverage in Australia.

To be taught extra about KOBA, go to the Every thing Electrical present in Sydney (Stand N12) or take a look at www.kobaInsurance.com.au

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