Liberty Insurance announces Tesla-specific comprehensive coverage package

Hot on the heels of Tesla’s official launch in Malaysia, Liberty Insurance has taken the liberty, pun intended, and announced that it’s the Preferred Insurance Partner of the EV carmaker in Malaysia.

The partnership also sees the launch of InsureMyTesla Comprehensive Coverage, Liberty’s specially tailored coverage exclusively for the brand-new, officially imported Tesla electric vehicles.

“As the preferred insurance provider, we’re ready to support the needs of Tesla owners in the country and enhance their experience. Tesla owners can rest assured that they are well protected and covered by our customised insurance solutions. I believe that this strong alliance stands to not only benefit both companies but also our customers and Tesla owners in Malaysia,” said Puneet Pasricha, CEO of AmGeneral Insurance Berhad.

Also Read: Tesla Model Y launched in Malaysia, from RM 199k, up to 534 PS/660 Nm, 533 km range

Liberty Insurance and AmGeneral Insurance Berhad merged back in April 2023, making it one of the largest general insurers in Malaysia as it serves over 3 million customers.

“The launch of this product (InsureMyTesla) and our partnership with Tesla demonstrates our commitment in contributing to a sustainable future. As a forward-thinking insurance provider, this is also part of our initiative to participate in the global shift towards greener technologies,” explained Puneet regarding the company’s support for Malaysia’s Environmental, Social and Governance (ESG) agenda.

The partnership between Liberty Insurance and Tesla isn’t restricted to Malaysia. The insurer already has existing regional partnerships with Tesla in Hong Kong, Singapore and Thailand.

Also Read: Officially imported Tesla Model Y for Malaysia - from RM 199k, FSD upgrade for RM 32k, deliveries starting in 2024

In fact, Liberty Insurance has been appointed as the preferred partner of Tesla worldwide and delivers exceptional protection for EV and Tesla owners stemming from their extensive experience and deep understanding of the unique needs of Tesla and EV owners.

Under the InsureMyTesla Comprehensive Coverage, Tesla owners can look forward to:

• Private Electric Charger Coverage: Owners will be reimbursed for the actual expenses incurred due to loss of or accidental damage to their private electric charger, up to RM12,000. This coverage is limited to one occurrence per policy year
• 24-Hour Towing Assistance for Accidents or Breakdowns: Tesla owners can enjoy worry-free driving with around-the-clock towing service for unlimited mileage and assistance in the event of accidents or breakdowns (excluding cases where the vehicle runs out of battery)
• 24-Hour Towing Assistance for Flat Battery: In the unfortunate event of a flat battery, Tesla owners are entitled to 24/7 unlimited mileage towing assistance, up to 3 times per policy year. Liberty Insurance’s Authorised Service Provider will promptly tow the vehicle to the nearest EV charging station for a quick recharge
• Key Repair/Replacement: The package provides reimbursement of up to RM 1,000 for the repair or replacement of car keys or transmitter due to theft, robbery or house break-ins. This benefit is limited to 1 occurrence per policy year.
• All Drivers Covered: Coverage is extended to all authorised drivers of the vehicle, ensuring comprehensive protection for everyone behind the wheel
• Warranty for Workmanship Repair: Tesla owners can benefit up to 12 months for workmanship on repairs carried out by Tesla's panel of trusted workshops

Also Read: EVs could catch fire days after crash, and keep reigniting for up to a week

Similarly to other auto insurance packages, InsureMyTesla Comprehensive Coverage also offers a range of add-ons such as including coverage for windscreen, special perils, legal liability to passengers and legal liability of passengers.

You can check out their website here for additional information about Liberty Insurance’s InsureMyTesla.

Also Read: EV battery scratched during accident? Insurance may consider it a total loss