New era of Insurance as the first driverless car insurance policy is launched
Adrian Flux have launched the first individual driverless car policy. This is a milestone for insurers as it opens the market for the potential venture into policies for driverless cars – a whole new industry within itself.
There has been much discussion and debate as to how insurance for driverless cars would work, as if an accident arose it would be difficult to highlight what caused it. However, the case has been put forward that with this break-through in insurance, the prospect of driverless cars becoming a reality for many is no longer a figment of science fiction.
The development and production of the new Tesla Model 3 has really driven (no pun intended) the industry to reinvent its self. Adrian Flux have explained that their new policy is designed “for people who may have driverless or autonomous features in their existing car, or who may be thinking of buying a new car with driverless or autopilot features such as Tesla’s forthcoming Model 3″.
The policy its self is also rather interesting; rather than standard procedural goings of normal car insurance, new driverless insurance will look to cover protection against damage to the vehicle that may be caused by hacking, any problems relating to and satellite failures.
Flux’s policy does however state that the driver of the car will need to “be able to take control of the car at any point in their journey” which ultimately leads to the realisation that even with the advancement in technology, ultimately, we the driver hold both the power, and the responsibility that comes with owning a motor vehicle.
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