Does insurance cover a lithium-ion battery fire? Maybe and probably not
If you have a Lithium-ion battery fire, does your home and contents fire insurance cover it? We have attempted to find simple English answers – yes or no – but at best, all we get is a maybe.
The average home now is littered with rechargeable lithium-ion powered devices. Laptops, phones, tablets, headphones, torches, toys, vacuums, power tools, e-scooters, e-bikes, EVs, solar batteries and even vapes! Earlier this year, we wrote that Large-capacity Lithium-ion batteries will end in death. It attracted much reader interest, and one of the most asked questions was about insurance coverage.
So, let’s start at the root of the issue. No one knows for sure what is and what is not covered. There are insufficient Australian statistics to develop a risk profile that insurers can use to develop policies and set premiums. All they can say is that certain Lithium-ion devices won’t be covered for home and contents fire protection or it will be a case-by-case decision and a very much higher premium.
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