With the increasing prevalence of E Scooters, E-Bikes, and the like in our communities Strata Managers are fielding more and more questions regarding the potential risks associated with these devises, particularly with respect to any increased fire risks posed or any insurance implications.
Regarding any potential insurance implications, much like the increasing uptake in electric vehicles and the similar questions often raised, insurers consider these areas to be ’emerging risks’. What this means in simple terms, is that while there may not be any firm policy guidelines or restrictions in place currently, if major losses occur then we can expect to see insurers respond to the increased ‘risk’ and adapt their policies accordingly.
Questions also often arise regarding potential fire risks associated with these devices. Often lithium-ion fires are a result of overcharging, particularly if a battery is left on charge over night or for an extended period such as weekend. Another risk factor can be the quality of the battery, while difficult to regulate, owners need to be aware that cheaper batteries found in lower cost products may pose increased risks.
The storage of these devices is also a consideration an owners need to ensure they are adhering to the manufacturer’s recommendations. Storage areas should be dry, well ventilated, and not exposed to excessive temperatures. Owners should also regularly inspect all cables for any signs of wear, or overheating.
Many Bodies Corporate are already steps to attempt to mitigate any potential risks associated with these devices by implementing new bylaws, which aim to regulate the use and storage of such devices, and essentially introduce a set of safe operating procedures and guidelines.
Clearly there is a need for Bodies Corporate to take an active approach in mitigating any potential risks associated with these devices and to work collaboratively to help ensure owners and residents are well informed and a balance between regulation and practicality is achieved.