The vehicle's age when you sign up for insurance influences the following guarantees:
When the insured motor vehicle is less than 2 years old, starting from the date of first registration of the vehicle on the road, the High Voltage battery will be replaced with a new High Voltage battery of the same size. When a replacement is required and the insured motor vehicle is more than 2 years old, starting from the date of first registration of the vehicle on the road, the insurer reserves the right to replace the damaged battery with a High Voltage battery of the same size that has been refurbished by Tesla or a third party authorised by Tesla.
If a reimbursement is requested instead of a replacement, the insurer will take possession of the damaged High Voltage battery and the reimbursement will be calculated based on the value of a refurbished High Voltage battery by Tesla at the time of occurrence and of the same size as the insured motor vehicle was originally delivered with.
In the event of a total loss, you will receive the actual value of the insured motor vehicle.
In the case of a second-hand vehicle, i.e. where the Ppolicyholder is not the first owner of the vehicle, or where the vehicle would have been insured elsewhere before this insurance policy was taken out, compensation at replacement value shall only be acquired for the remaining period between the date of first registration and the end of the period of 1 year from that first registration.If the vehicle is more than 1 year old, compensation will be paid in accordance with the provisions from the second year onwards, i.e. the compensation will be calculated on the basis of the actual value of the insured motor vehicle.
In the case of a second-hand vehicle, i.e. where the Policyholder is not the first owner of the vehicle, or where the vehicle would have been insured elsewhere before this insurance policy was taken out, compensation at replacement value shall only be acquired for the remaining period between the date of first registration and the end of the period of 2 years from that first registration.If the vehicle is more than 2 years old, compensation will be paid in accordance with the provisions from the third year onwards, i.e. the compensation will be calculated on the basis of the actual value of the insured motor vehicle.
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