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Consumables Add-on to Car Insurance

Published On Jul 02, 2022 10:00 AM By InsuranceDekho

Consumables Add-on to Car Insurance

Consumables refer to automotive parts that meet a specific purpose, such as a nut, a bolt, or even oil, and which, once used, are completely consumed. Consumables are items that must be replaced or topped off on a regular basis owing to constant mileage or use. These are components that need to be replaced on a regular basis, such as brake oil, nuts, bolts, screws, washers, engine oil, gearbox oil, and so on. Consumables include all of the above.

Consumable Add-on for Car  Insurance

By default, a normal automobile insurance policy does not cover any damages caused by consumable components and accessories. As a result, the policyholder is responsible for the cost of consumables at the time of claim settlement. When a policyholder adds a consumable cover to his or her standalone own-damage or comprehensive automobile insurance policy, however, the insurance provider is responsible for compensating the policyholder for consumable expenditures.

Things Included in the Consumables Coverage

Consumables insurance protects you against the following:

  • All lubricants and oils, such as power steering oil, brake oil, engine oil, radiator coolants, and air conditioning gas.
  • Crucial goods such as nuts, screws, bolts, oil, washers, and so on.
  • The Gearbox
  • Lubricant
  • Washing Machines

Benefits of Opting For Consumables Cover

The following are some of the advantages of a disposable cover:

  • Helps Policyholders Save Money: It assists policyholders in saving their hard-earned case.
  • Peace of Mind: A consumable cover provides policyholders with peace of mind by providing more coverage than a conventional automobile insurance plan.

Exclusions in the Consumables Section Cover Add-On

The following are some of the most prevalent exclusions under consumables add-on coverage. Under the following circumstances, the policyholder is unable to submit a claim:

  • Breakdown, either mechanical or electrical
  • Informing the insurance company late
  • Components of a car's wear and tear
  • Driving without a valid or active driver's license
  • After using drugs, alcohol, or any other comparable substance, you should not drive

Documents to Make a Claim for Consumable Expenses

You must present all receipts, repair invoices, and other necessary papers to the auto insurance carrier when filing a claim. The insurance provider would have information about your current insurance plan as well as car specifics. You should take your vehicle to one of your insurer's network garages for repairs. Your insurance claim may be invalidated if you seek repair for your automobile damage at any local garage without first notifying your insurance company.

Things to remember if you get Consumables Cover Add-on

There are certain unique requirements that apply since a consumables cover differs from what is generally covered in comprehensive insurance. While these might vary per insurance company, we believe there are several qualities that they all have in common.
For example, you must make sure that any consumables cover claim falls under the 'Own Damage' portion of your comprehensive insurance, which effectively covers damages to your car caused by road accidents or theft.
It's also worth noting that this add-on normally only applies to vehicles that are less than 5 years old. This safety net may not be available to older vehicles.
Consumables coverage does not cover consequential damage or wear and tear, and it is susceptible to depreciation, just like everything else in life.

Take Away

You must pay for consumables out of your own cash because your comprehensive auto insurance coverage does not cover them. An automobile insurance policy that includes consumables coverage can assist you in taking care of this important issue. A consumable cover is available as an add-on to a comprehensive insurance policy.

Also read: Vehicle Insurance Renewal in 5 Simple Tips

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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.
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