Insurance Guide

Tesla Inc, as we know it to be, is gracefully showing the world that its dream of accelerating the world’s transition to sustainable energy is actually more realistic than ever. Embracing cutting edge battery technology but also investing in scalable clean energy, is really the tip of the iceberg for this revolutionary company. However, every dream comes partnered with nightmares, and Tesla has definitely been experiencing a few of their own lately. So, are we seeing a spiraling trend from hero to zero for Tesla in Hong Kong? Is this it for Tesla Inc? What will happen next? What is definitely more worrying, especially for our readers, is how these incidents will affect insurance premiums for car owners in Hong Kong - regardless of owning an electric vehicle (ev) or conventional vehicle. In this article, we will discuss the options of insurance for car owners , car fire scenarios, precautions to take, exclusions, and how to generally start a claim.

In their goal of promoting the use of electric private cars, the HK government has launched the “One for One Replacement” scheme in the Budget Plan of 2018 last February. Just yesterday, the authorities have relented the rules after the scheme has been blasted for having harsh requirements and rigid conditions. Today, Kwiksure will spell out what exactly the “One for One Replacement” scheme is, what the latest revision is about, the challenges for electric private car owners in Hong Kong, and some potential solutions.

Tesla cars gained their popularity in Hong Kong and around the world thanks to their modern design, ecological electric engine, and - in the case of base models such as the Tesla 3 - a (relatively) consumer-friendly price tag. Future savings on fuel and protecting the environment we live in are yet more perks of owning these revolutionary vehicles. On top of this, buyers in Hong Kong could enjoy a new-vehicle registration tax waiver on Tesla car models, which could save them as much as HK$355,500 in taxes. Yet the registration figures of new Tesla cars in Hong Kong are dropping; but why?

This month, Kwiksure has been inundated with new quote requests from Tesla owners. The recent Hong Kong budget has announced a new tax break of up to HKD 250,000, available immediately, if buyers trade in a car older than six years, and purchase an electric vehicle. This has been in response to a previous HKD 97,500 cap on tax breaks introduced last year - and one that all but stifled the market locally. These new owners, however, are about to find out that premiums are becoming more expensive - and that’s because of the cost of Tesla repairs.

As you likely already know, Formula E racing is rolling into town the first weekend of October. With events going all weekend leading up to the big race on Sunday, October 9th, it is looking like it will be a fun weekend for car enthusiasts in Hong Kong. Unlike it's bigger cousin the Formula One with cars powered by massive V6 engines that make one heck of a noise, the Formula E race involves only electric cars, which are oh so much quieter. One of the most interesting things about this race series, however, is that it truly showcases not only the amazing technology behind these vehicles but what electric cars can do. It's highly likely that the inaugural Hong Kong race will bring an increased interest in electric vehicles to the city. To that end, here are four electric car brands we commonly see on the road in Hong Kong, and some important things to consider regarding car insurance should you want to purchase one.

In a previous article we looked into the benefits of owning an electric car. Since that article was published there has been a number of articles posted by various news sources in Hong Kong about the topic including the introduction of Tesla's touted autopilot feature and the subsequent disabling of two key features due to safety concerns. The staff at Kwiksure were extremely interested in this feature and the future of electric cars, especially when it comes to the technology powering these vehicles. These days, the most advanced tech can be found in electric cars and while it is progressing in leaps and bounds there are still teething problems. For example, this article from The Verge highlights a potential issue facing electric cars: Buyers considering these vehicles have more things they need to be aware of than purchasing other vehicles. Because there is more to consider, we asked the electric car experts here at Kwiksure to share their knowledge on electric cars and provide advice to anyone considering purchasing an electric car.

In many countries in the west, the price of oil and gas has dropped substantially. So much so that some people have questioned whether electric cars are really all they are cracked up to be, especially due to the cost of some of the machines. That being said, there has been exciting news around electric cars introduced in the past few months, including the long awaited introduction of the stunning and super speedy Tesla X , the announcement that Volvo will start producing electric cars for release in 2019, and the impending release of the sporty Song Hybrid Electric SUV from Shenzhen-based BYD. Beyond that, Tesla owners have recently seen a feature called Autopilot turned on , which we think is possibly one of the coolest things pretty much ever. What we are trying to say here is that the electric car market is really starting to find its stride and can offer some great benefits to car owners in Hong Kong. Here are 4 of the most interesting.

EV’s, or electric vehicles and cars, are still an enigma to many drivers. Although a lot has been written and spoken about them in recent times, they remain something of an unknown. Because of this, not many people have made the switch from petrol or diesel cars. Yet, looking ahead, one thing is absolutely certain -- we will all be driving electric cars in the not-too-distant future. Here, we dispel some of the myths and highlight the advantages of owning an electric car.