What are the risks?
The widespread adoption of e-scooters and e-bikes has revolutionised urban mobility, offering convenient, environmentally friendly, and often cost-effective alternative to traditional transportation.
However, these devices also carry risks, including the potential for fire caused by lithium-ion batteries.
While most insurance policies do not exclude fires cause by lithium-ion batteries, we are seeing now too regularly fires caused by owners who are careless using, charging, and storing their devices, resulting in serious injuries and damaging assets.
What can you do to reduce your risk?
There are proactive measures e-scooter and e-bike owners can take to ensure they are adequately protected, including:
- Review insurance coverage: Ensure insurance policy provides sufficient coverage to rebuild or replace the home and contents in the event of a fire. Consider the rising cost of building materials and adjust coverage accordingly.
- Store and recharge safely: Improper storage or e-scooters and e-bikes pose a fire hazard and may lead to an insurance claim being denied. Store these devices in a well-ventilated area away from flammable materials, and avoid charging them indoors.
- Check building regulations: Some apartment buildings or body corporates may impose specific insurance requirements for e-scooter or e-bike owners to have a higher level of insurance coverage. It’s important to have these conversation with your strata committee or landlord before the unexpected happens.
Time to take action
The growing popularity of e-scooters and e-bikes underscores the need for users to be aware of the potential risks and implement safety measures.
Owners and landlords must ensure they have adequate insurance coverage to safeguard against unforeseen incidents.
Want to read more?
You can read more on managing fire risk from electrified transport in residential buildings here.
