Mercedes-Benz Bank and its insurance partner HDI have collaborated to offer extensive insurance cover for electric and hybrid vehicles with a new electric protection module.

This way, Mercedes-Benz Bank is facilitating entry and transfer to CO2-neutral mobility easy for customers.

For these vehicles, the module is automatically added to comprehensive insurance contracts thereby ensuring customers do not incur extra costs.

The battery insurance covers damage caused by overvoltage, rescue costs, fire, towing damage, consequential damage after a short circuit. Damage following an animal bite is co-insured up to an amount of €10,000.

The mobility protection also consists of towing away to the nearest charging station if the battery is unintentionally discharged.

Insurance cover of up to €2500 against theft and vandalism is also included for the wall box and the charging cable.

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Mercedes-Benz Bank Board of Management chairman Benedikt Schell said: “With this offer, we are covering all customer requirements relating to electric mobility and reinforcing our core business with financing, leasing and insurance offers.

“With the new battery protection, we are using an extensive insurance solution to support the launch of hybrid and electric vehicles from the Daimler Group.”

As electric vehicles are predominantly leased, Mercedes-Benz Bank sees potential new business avenues going forward with the market launch of various new hybrid and electric vehicles.