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Tesla Foraying into Vehicle Insurance in Australia, Hong Kong?

Tesla Motors, Inc. TSLA is entering the vehicle insurance business in Australia and Hong Kong, per Electrek . The company has tied up with large insurance companies - QBE Insurance in Australia and AXA General Insurance in Hong Kong - for the program, which will be called InsureMyTesla.

As part of this program, Tesla will offer custom insurance plans with benefits like new vehicle replacement for cars that are less than three years old, as well as coverage for the wall connector, windscreen, window glass, and head and tail lamps. The plan will also cover lost, damaged or destroyed locks and keys for a maximum of $2,500 in one policy period...