All About Consumable Add-on Cover In Car Insurance
Updated On Oct 16, 2023
Different types of consumables are used in the repair of a car which is generally not covered under a comprehensive car insurance policy, which can cost a huge amount too. In such situations, consumable cover can rescue you. Read to know everything about it here in this article.
Table of Contents
What Is A Consumable Add-on Cover?
Consumables are the things or materials which are utilised during car repair or service. Some consumables get worn out with time due to usage while some get damaged in an accident after which they require to be replaced. It includes items such as fuel filter, nut bolts, screws, grease and oils, air conditioner gas, washers, radiator coolant, and so on. Since the cost of consumables is not covered under a comprehensive car insurance policy, hence, car owners will have to opt for an add-on cover by paying an additional premium.
Things to Know Before Buying A Consumable Cover
The consumables cover is an add-on cover to a regular comprehensive car insurance policy and it is useful only in certain situations. Here are a few things that you should keep in mind while purchasing a consumables add-on cover under the car insurance plan:
1. It can be availed only for cars which are less than 5 years old.
2. Not applicable for cars that go through a mechanical or electronic breakdown.
3. This cover can be included with comprehensive cover and not third party cover.
4. Consumables used and replaced within 3 days of a car accident are not accepted after that.
5. No coverage if the insured car is driven without a license or under the influence of alcohol, etc.
Why Should You Purchase Consumable Cover?
With the purchase of a consumable add-on cover, you can lessen your expenses incurred on consumable items during the repair of the insured car. Let’s understand the need for consumable cover with an example, if your car meets an accident and the estimated repair cost arises to be Rs. 40,000 out of which Rs. 10,000 is of consumables like nuts and bolts, grease and lubricants, and so on. In such a case, your comprehensive car insurance will cover your own damage repairs for Rs. 30,000, but if you have consumables cover, your remaining bill for Rs. 10,000 can also be covered that can help you save money.
Claim Process for Consumables Cover
To raise a claim for consumables add-on cover, you should inform your insurance company about the accident or damage at the earliest to begin the process. The claim can be raised in two ways:
1. Cashless Claims – You should get your car to a garage listed in the network of the insurance company. Once you reach a network garage, your car will be repaired and the bill is settled directly by the insurer with the garage.
2. Reimbursement Claims – Take your car to any garage of your choice which is not into the network of the garage. The surveyor of your insurance company will make an inspection of the car and gather the required documents. After repair, you should pay the bill and send them to your insurance company to get it reimbursed.
Who Can Purchase Consumable Cover In Car Insurance?
Anyone who owns comprehensive car insurance can buy a consumable cover. Also, for people who wish to curtail expenses that are incurred on consumables during small repairs and maintenance work, then this type of add-on cover might suit you.
When it comes to car repairs, it is always good to save money which is incurred on the consumables. Since consumables in car insurance can not be covered under a comprehensive policy, hence, it is recommended to purchase a consumable add-on cover.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.