Buy Add-Ons to Protect Your Health and Wealth
Updated On Jan 22, 2021
Cases of water-borne diseases rise during the rainy season. Automobiles also experience damage in the engine due to flood-like condition on the roads. All these situations not only demand attention, but also have the potential to drain your entire personal savings. But with the right health insurance, motor insurance, and home insurance, you can save the situation from getting worse.
Cases of Dengue, Malaria, and Chikungunya, Viral Fever and Typhoid suddenly rise during the rainy season. Treatment of Dengue costs huge even if it requires platelet transfusion. There are fixed benefit plans out there in the market for such diseases (available with InsuranceDekho too) that are cost-effective and cover most medical expenses by charging a small premium. Some insurers that provide health insurance plans for Dengue are Apollo Munich, DHFL, and Max Bupa. Remember, these plans often come with specific waiting periods that need to be completed before you request a claim for the same.
Vehicles experiencing engine seizure because of waterlogging is a common issue during rains. But, a standard motor insurance company often refuses to cover the damage caused to the engine because of water seepage or hydrostatic lock during such times.
To get your vehicle covered for these expenses, it is always better to purchase an add-on cover called Engine Protector. You can get another beneficial add-on feature called zero depreciation policy. It helps cover the expenses incurred from wear and tear or replacing certain parts of the vehicle. You can also opt for Road Side Assistance (RSA) to get your vehicle covered for the times it stops running because of waterlogging etc.
As the weather conditions are unpredictable, getting home insurance is a smart choice as it provides adequate cover against damage caused by a natural disaster including floods. Many insurers also provide cover for the house as well as its contents like jewelery, valuables, personal, domestic appliances etc. The average premium for a home worth Rs. 50 Lakh ranges between Rs. 2,200 and Rs. 2,600.
So, this monsoon doesn't let the rain wash off all your savings and get an insurance plan to be ready to meet these uncalled contingencies.