Comprehensive car insurance covers repairs and personal and third-party aspects, but it typically doesn’t cover consumable parts. To include consumable parts, you’d need specific coverage.
Let’s First Define What Constitutes A Consumable
Consumables are one-time-use items that wear out and include engine oil, nuts, bolts, and more. They’re essential for a car’s operation.
Your comprehensive car insurance process would not cover the cost of consumables. Consequently, at the time of claims, you would have to pay out of pocket to replace the consumables. On the other hand, a consumable cover is an add-on that may cover consumable replacement or filing costs in the event of an accident. Claims are subject to terms and conditions set forth under the motor insurance policy.
What Is Covered By A Consumables Cover?
A consumable cover would cover the following:
Other than fuel, similar items include engine oil, gearbox oil, nuts and bolts, grease, washers, oil filters, lubricants, power steering oil, AC gas oil, radiator coolant, etc.
Indeed, consumables cost more for car insurance. This is because a full car insurance policy doesn’t cover it. It’s also crucial to remember that different car models have other consumable add-on covers. Claims are subject to terms and conditions set forth under the motor insurance policy.
Before selecting consumables for car insurance, it’s crucial to take the following into account:
- You can claim consumables under this add-on only if your own damage claim is approved in a comprehensive car insurance policy. Claims for consumables in a third-party vehicle’s insurance are not covered. Consumable replacements should be done within three days of the accident, so prompt notification to the insurer is essential. *
- When considering consumables in car insurance, don’t forget to check if Bajaj Allianz 4-wheeler insurance renewal offers coverage for these essential items.
- Typically, this add-on is only available for cars under five years old.
What Does A Consumables Cover’s Exclusion List Include?
- You were driving a vehicle without a licence.
- You were driving a vehicle while impaired by drugs or alcohol.
- You were driving a private car for business purposes.
- This policy excludes any mechanical or electrical breakdown.
- You took a while to notify the insurance provider.
- Deterioration of the car’s components.
How Does A Consumable Cover Work?
Let’s say you were planning a drive.
Regretfully, there was an accident with your car, and repairs are required. The repairs will set you back Rs 15,000 in total. Repairs up to Rs 13,000 are covered by the “own damage” portion of your comprehensive car insurance policy. The outstanding amount of Rs 2,000 is required to replace or maintain different consumables, including engine oil, nuts, and bolts. *
You wouldn’t have to pay a dime out of pocket if you had a consumable cover, which would pay the full Rs 15,000 bill. Consequently, a consumable add-on enhances your full coverage car insurance policy.
What Paperwork Is Needed To Make A Claim For Consumable Cover?
The first thing you need to do is turn in the invoices and receipts for the repairs. It is ideal to complete the repairs at a network garage affiliated with your insurance provider. Your claim may be rejected if the car repair is done at a non-network garage or if you don’t notify the insurance company in advance.
*Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.