Consumable Cover Add-on in Car Insurance

A standard car insurance plan, by default, does not provide coverage for any harms brought about on the consumable parts and extras. Thus, at the time of a claim settlement, the cost related to consumables is borne by the policyholder. However, when a policyholder opts for a consumable cover with his/her standalone own-damage or a comprehensive car insurance policy, the insurance company becomes liable to provide compensation for consumable expenses.

What All Covered Under Consumables Cover?

Consumables cover provides insurance coverage for the following:

1. All types of lubricants and oils including power steering oil, brake oil, engine oil, radiator coolants, and AC gas.

2. Important items like nuts, screws, bolts, grease, washers, etc.

3. Gear Box

4. Grease

5. Washers

What Are The Benefits of Opting For Consumables Cover?

A consumable cover offers the following benefits:

1. Helps Saves Money: It helps policyholders to save their hard-earned money.

2. Peace of Mind: A consumable cover also offers peace of mind to the policyholders by offering a wider coverage than a standard car insurance plan.

Exclusions Under Consumables Add-On Cover

The common exclusions under consumables add-on cover are as follows:

1. The policyholder cannot file for claim under the following conditions:
2. Mechanical or Electrical Breakdown
3. Delay in informing the insurance company
4. Wear and Tear of Car’s Component
5. Driving without any active or valid driving license
6. Driving the car after consuming drugs, alcohol, or any other similar substance

What all Documents Do I Need to Make a Claim for Consumable Expenses?

At the time of registering a claim, you are required to submit all the receipts, bills of the repair and other relevant documents asked by the car insurance company. The insurance company would have information related to your active insurance plan and details of the vehicle. You should go for car repairs at one of the network garages listed by your respective insurer. Going for repair for your car damage at any local garage or without getting it into the notice of the insurance provider beforehand, could lead to your insurance claim being invalid.

How to File a Claim for Consumables Cover in Car Insurance?

To file a consumable cover claim, complete the following steps.

1. Inform your insurer about the incident which caused damage to your car as soon as it happens.
2. If you don’t notify the insurer within the period specified in your policy documents, your claim may be rejected.
3. Provide all the information on how the damage occurred. Avoid missing out on crucial details. To do so, it is important to record and document the incident with specific details.

Cashless Claims

1. For cashless claims, take the car to any of your insurer’s network garages for repairs. Present your insurance documents to the company representative who will be present at the garage to inspect your car and assess the nature of the damages.
2. Once the assessment is done, the executive sends a detailed report to the insurer for verification.
3. Once the verification is complete, the insurer will notify the garage to begin working. An invoice will be sent from the garage to your insurer and the insurer pays the claim amount directly to the garage, without the need for your involvement.

Reimbursement Claim

1. If your policy offers a reimbursement claim, you can take your car to a nearby garage and submit the repair invoice along with insurance documents to your insurer. The insurer will go through the bills and provide the eligible claim amount.

Who Should Opt for Consumable Add-On Cover?

You should choose consumable Add-on cover in the following conditions:

• In case, you wish to stay worry-less about the minor replacements and repairs.
• In case, you don’t even wish to pay for any small amounts such as the expense of engine oil replacement in the bill for repair.