With the rise in vehicle technology, insurers have to consider more complex claims issues, and electric vehicles are a prime area.
Electric vehicle (EV) owners haven't necessarily thought about the risk of using public charging stations. The software in these stations can transfer data in and out. This allows the potential of spreading malware TO an EV from the charging station.
Cyber criminals have also been able to hack into electric vehicles, with the major results being data or privacy breaches. However the second most common issue is theft or break-ins from accessing the wireless key fob.
Hackers have also been able to access third party applications that control music, door unlocking, and flashing headlights.
It's a matter of time before someone takes control over the steering, brakes, and acceleration functions.
So who's responsible for cyber risks and hacking?
If EVs are harmed in some way, it can be difficult to determine the exact reason. Is it due to operator error, a manufacturer or technology supplier's responsibility for malfunction, or hacking?
These are situations in which there are little historic data to depend on for determining ultimate responsibility so they are being viewed on a unique case-by-case basis.
This is when having an experienced independent insurance agent you can speak directly with is vital. He has access to numbers of insurance carriers, understands how they view unprecedented situations like this, and can provide great insight on them.
Be prepared for any unforeseen events, including EV cyber risks. Call me today to explore auto insurance solutions and get the coverage you need for your particular situation: 706-726-1446.