What are Consumables in Car Insurance?

Posted on: Mar 8, 2022 | | Written by:

What are Consumables in Car Insurance?

A comprehensive car insurance plan scores over the third-party plan for three reasons: for including the law-stated coverage; offering your own damage coverage; allowing you the liberty for purchasing additional add-ons. An add-on like consumable coverage is very helpful for deriving the optimum benefits from a car plan.

What are car consumables?

As per the terms and conditions of a standard car insurance policy, the consumables are termed to those components of your endearing vehicle that serve a specific individual purpose. Therefore, these consumables need to be changed and refilled at regular intervals because of their consumption, proper utilization and natural wear and tear.

Consumable coverage: Is it expensive?

The consumable coverage is one of the handiest yet one of the most forgotten aspects of a COMPREHENSIVE CAR INSURANCE plan. As this coverage is an add-on and not a part of the basic comprehensive plan, it comes at an additional cost. Depending on the model, make and variant of the concerned vehicle, the cost of these consumables differ under the circumstances. As you feed in all the relevant details, your car insurance renewal premium calculator will reveal the total cost that you have to bear.

Consumable coverage: What is included?

The consumables refer to all those items that are subjected to consumption due to normal wear and tear. Such constant consumption makes it gradually grow unfit for further usage when dismantled, and the stock needs to be refreshed. The consumable coverage is required for changing the following components:

● All sorts of oils and lubricants including, the brake oil, the engine oil, power steering oil, the radiator coolants along with the AC gas

● All the essential items include screws, grease, washers, nuts, bolts, etc.

● All kinds of filters including the Ac filter

Apart from the fuel cost, the consumable coverage covers all the consumable items needed for the smooth running and functioning of any particular vehicle.

Consumable coverage: What conditions need to be satisfied?

Similar to all other car insurance add-on policies, you must ensure to fulfill certain special criteria for honoring the consumable claim. But before you settle for this, you need to have a thorough knowledge of all the terms and conditions of this particular policy coverage. This will make things a bit easier during claim settlement following an accident or theft. Some of the basic aspects of this claim include:

● One of the major highlights here is that the concerned claim must be admissible under Section I of the particular plan, pertaining to the damages of own vehicle. This implies that the third party damage coverage is not covered or eligible for any such claim under this particular add-on.

● Another thing you must remember is that this particular claim is only available for those cars that are up to 60 months old and not beyond that. No car consumable coverage is offered to any vehicle that is older than 5 years. So, it is best to buy this add-on as soon as you buy a new plan for your new car for ensuring maximum benefit under this head.

Consumable coverage: Exclusions

The consumable coverage follows certain exclusions, i.e., certain aspects that do not come under its purview. These exclusions are:

1. As the standard mandate in case of any other claim, you must possess a valid and active driving license along with the policy documents to claim this protection. If you are incapable of possessing and producing it during an accident, the concerned insurance company has the full right to invalidate your consumable claim. The possession of these documents ensures your eligibility for the claim.

2. During the accident, you should not be driving under the influence of any drug or alcohol under any circumstances. This may yet again prove to be another reason for the invalidation of the claim.

3. Similarly, driving any private vehicle for commercial purposes also makes you ineligible to make the claim

4. Any mechanical or electrical breakdown does not fall under the purview of this coverage

5. As the saying goes, “justice delayed is justice denied”. Such is the case here, too. If anything worthy happens, the concerned insurance company must be informed immediately without any delay, because, any lateness might lead you to the disqualification of your claim.

6. Normal fuel replenishment is excluded from this coverage

Consumable coverage: Who should choose this coverage?

The consumable coverage depends on the variant, model and makes of the particular car. This happens because the components differ from one vehicle to another. People who can opt for this coverage include:

● Any vehicle which is below 60 months old, can comfortably choose this option

● People who do not wish to incur oil exchange expenses or the costs of minor repairs can choose for this coverage

● This saves you from the costs of minor replacement and repair costs.

Conclusion

This is a comprehensive and compact analysis of all the major aspects of consumables coverage. The car insurance renewal premium calculator will instantly reveal how much you need to pay for insuring your car and enjoying optimum coverage. Disclaimer: The above information is for illustrative purposes only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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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