Consumables Cover – Everything You Need to Know

Posted on: Mar 11, 2022 | | Written by:

Consumables Cover – Everything You Need to Know

When you have a car, maintaining it is important. It is not just a mode of transportation and as such, you need to take care of it – good maintenance will also improve its lifespan, so you spend less money later on. Maintaining your vehicle should include checking the air pressure in the tyres, changing the oil sometimes, regular inspections and checks, installing anti-theft devices. Among all of these tasks, one involves repairing or swapping any worn parts or components of your vehicle.

This is where car insurance add-on covers like consumable coverage may help you save money.

What is Consumable Coverage?

Before you grasp what Consumable Coverage in car insurance is, let me clarify what car consumables are. Consumables are goods with defined and limited usage. Car owners cannot re-use these products after they have used them. For instance, after nuts and bolts have been used in your automobile, they cannot be used again. They'd have to be changed now and again. Similarly, once utilised, your car's engine oil gets burnt out.

Typically, your Comprehensive vehicle insurance will not cover or pay customers for any of the automobile's consumables. You are expected to pay for the consumable replacements with your own money throughout the claims process. To avoid this, consider purchasing a Consumables Cover, which covers such charges. Because this is supplementary coverage, your overall premium will rise. The actual payable premium amount, on the other hand, varies by automobile type.

What is included in Consumable Coverage?

A consumables coverage may be extended to a comprehensive auto insurance policy for a very low fee. This extra coverage covers the expense of the following:

1. Engine oil

2. Lubricants

3. Gearbox oil

4. Screw

5. Grease

6. Washers

7. Air conditioner gas

8. Clips

9. Bearing

10. Distilled water

11. Nut and bolts

12. Break oil

13. Oil filter

14. Other similar products.

What is not included in Consumable Coverage?

A consumable automobile insurance add-on protection does not reimburse consumables coverage claims in the following circumstances:

1. Fuel costs

2. Mechanical or electrical failure

3. Car component wear and tear as a result of continuous use

4. Driving without a driver's licence

5. Driving when intoxicated

Advantages of Consumable Add-on Coverage

• It may be included in your comprehensive auto insurance for a very low rate.

• It aids in the reduction of costs associated with routine maintenance.

• It expands the extent of the coverage of comprehensive four-wheeler insurance

It provides peace of mind because the insurance provider handles all of the expenditures.

Having car insurance add-on covers can provide total protection for a vehicle. As a result, while comparing rates, it is essential to focus on the features. Typically, comprehensive car insurance policies do not include the additional damages provided by car insurance add-on covers. To enjoy the expanded benefits of car insurance policies, vehicle owners should cautiously pick car coverage and add-on covers based on their needs. With the increasing number of automobiles on Indian roadways, car insurance add-on covers are becoming increasingly important.

India currently holds the world's highest rate of road accidents. A collision, damage, or injury may happen at any given moment, leaving a large hole in your wallet. As a result, it is important to optimise automobile insurance coverage by purchasing car insurance add-on covers as needed.

How to File a Consumables Coverage Claim

Here’s a step-by-step procedure for filing consumable coverage claims:

1. Notify your insurance provider right away to begin the claim procedure. Any delay might lead to the claim being denied.

2. Provide all of the damage information and specifics with your insurance company.

3. Take the car to any network garage for cashless claim services, where an insurance executive will inspect the damage first, the technician will fix your car, and the costs will be cleared by the insurance provider.

4. For reimbursement claim services, you can have your car fixed at any garage and then submit the bill to your insurance provider together with any necessary papers. In this situation, you need to pay for the car repair upfront, and your insurance company reimburses you afterwards.

Conclusion

Every car owner deserves an ideal car insurance plan. However, it is advisable that you take a comprehensive plan for your vehicle as it covers both your own damage and third-party liabilities. When added with the coverage provided by car insurance add-on covers, you can save money from frequent repairs. Make sure to drive carefully and to renew your car insurance in time, so that you do not have difficulties while claiming if needed.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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