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Owners of electric bicycles, drones or other technological devices may find themselves without insurance.
Photo: RNZ / Richard Tindiller
The pace of technological change and product development leaves behind the insurance industry
Simon Moss, Director of Partner Services from NZbrokers, says that many insurance policies have been developed "From the insurers' point of view, drones and e-bikes are an unknown risk and until they have a precise image of this risk, they will tend to act.
That would mean that the insurer would cover a $ 5,000 stroller bike, but could decide that a high power electric bike is more like a motorcycle, and not covered by house policies and content
.] "Similarly, a drone can be treated by insurers as a type of plane if it is able to lift more than its own weight. .. your drone can be covered for loss if you drop it d e the car, but if it falls from the sky in use, you are on your "
He stated that users should be aware that under certain circumstances they could face damage claims -interest if their electric bike or drone was involved in an accident causing damage to other property. At this time, some insurers were starting to offer specialized drone fonts, which had commercial uses.
He said that consumers concerned about the level or type of coverage that they had should get specialist advice. a broker or speak directly to their insurance company.
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