Yeah, that’s basically how it goes. Insurance only steps in if something dramatic happens, like a fire or accident. Normal battery fade? They’ll call it “wear and tear” every time. Been through it myself—no luck getting help for gradual loss. Just gotta budget for it, I guess.
Insurance only steps in if something dramatic happens, like a fire or accident. Normal battery fade? They’ll call it “wear and tear” every time.
That’s been my experience too. Insurance companies are quick to say “wear and tear” isn’t their problem. I tried to make a claim when my battery range dropped off a cliff after a couple years—no dice. Unless the battery fails suddenly due to an accident or some external event, you’re on your own. Extended warranties might help, but even those have loopholes. Just another cost of owning an EV, I guess.
Yeah, insurance is pretty strict about what they’ll cover. I actually read through my policy after hearing stories like this, and “wear and tear” is basically their favorite phrase. If you’re worried about battery costs, it might be worth looking into the manufacturer’s warranty first—sometimes they cover battery issues for longer than you’d expect. Extended warranties can help, but you’ve gotta read the fine print... they sneak in a lot of exclusions. I guess budgeting for battery replacement is just part of EV life right now.
Yeah, insurance companies love their loopholes. “Wear and tear” is the magic phrase they use to dodge paying for pretty much anything expensive, especially EV batteries. I’ve checked my policy too and basically, if the battery dies on its own, I’m out of luck. Only time insurance would step in is if the battery gets damaged in an accident or something obvious like a flood.
Honestly, extended warranties are just as tricky. They sound great until you realize half the stuff you’d actually want covered is excluded. I had a buddy who thought he was set, then got hit with a huge bill because “degradation” wasn’t covered—just total failure. Major headache.
At this point, I just assume I’ll have to shell out for a new battery someday. Not thrilled about it, but it’s the reality unless these policies change. Guess it’s just one of those hidden costs nobody tells you about when you first go electric...
Yeah, I’ve been digging through policy docs lately and it’s kind of wild how many “exceptions” there are. I’m new to this whole insurance game and honestly, it feels like you need a law degree just to figure out what’s actually covered. Makes me wonder if it’s even worth paying extra for those warranties, since they seem to dodge the stuff that matters most. Guess all you can do is hope your battery holds out longer than the fine print...
