Consumables cover add-on helps save money on small but frequent repairs that include consumable parts of the vehicles. These include crucial car parts like bolts, nuts AC coolant, ball-bearings, grease etc. Since consumables are not covered by a standard comprehensive car insurance policy, an add-on needs to be purchased at an additional cost.
Benefits of Consumables Add-on Cover
Consumables are those materials or things that get used in a car every time it gets repaired or serviced. The consumables wear out with time and need to be replaced often because of continuous damage, loss, or usage. It includes items, such as fuel-filter, nuts-bolts, screws, grease & oils, air conditioner gas, etc.
As stated earlier, consumables are not covered under a comprehensive car insurance policy. Thus, car owners who wish to obtain coverage for consumable things will have to purchase them as an add-on cover by paying an additional premium amount.
For instance, Kanu's car meets with a minor accident and its radiator gets damaged. In this situation, her comprehensive insurance policy will cover the cost of repairing the radiator of her car but not the radiator coolant.
This is because radiator coolant is a consumable item and thus, is not a part of the policy coverage. But if Kanu gets a consumables add-on cover along with her motor insurance policy, the cost of consumables will also be taken care of by her insurance provider.
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What is Covered Under Consumable Add-on Cover
The cost of consumables can add up to a huge amount and therefore, consumables cover in a car insurance policy is extremely economical. A consumable cover in car insurance will cover the following items:
- Engine & gearbox oil,
- Grease & lubricants,
- Power steering oil,
- AC gas oil,
- AC gas,
- Radiator coolant,
- Oil filters, etc.
The exact coverage may vary from insurer to insurer.
Buying Consumables Cover in Car Insurance: Things to Remember
Certain conditions have to be fulfilled to avail of the coverage. Here are a few things that must be kept in mind while buying a consumables add-on cover:
- This add-on cover can be availed for cars that are less than 5 years old.
- The consumables add-on cover is not available under a third party car insurance policy.
- The consumables used due to the mechanical or electronic breakdown of the car can’t be claimed.
- Any delay in informing the insurer about the damages to the car can deny coverage under this add-on cover.
- Driving the insured car with invalid documents can also reject one’s claim.
- Damages due to drunk driving will also lead to denial of the claim.
- Do not use the insured personal vehicle for commercial purposes otherwise raising a claim under this cover may be futile.
- If an insured car meets with an accident, the consumables must be repaired within 03 days to get a claim accepted. If the repair is not made in time, then the insurance company may reject the claim.
- The coverage level of consumable cover can differ from one car model to another.
Why Buy a Consumables Cover with Your Car Insurance Policy?
Buying consumables cover in car insurance will help reduce out-of-pocket expenses incurred on consumables items. For instance, while going on a drive, Amar’s car gets damaged in an accident. The estimated cost of repairing the car is Rs. 20,000, out of which Rs 5,000 is for fixing or refiling various consumables, such as nuts-bolts, grease & lubricants, and power steering oil.
However, his comprehensive motor insurance policy will only cover his own damage repairs worth Rs 15,000. Without consumables cover, he would have to pay the remaining bill of Rs 5,000 from his own pockets.
With a consumable add-on cover in the car insurance policy, he would not have to spend extra towards the cost of consumables. That is why buying a consumable add-on cover is essential under a comprehensive car insurance policy to save money.
Consumables Cover Claim Process
For raising a claim against the consumables add-on cover, the policyholder needs to inform their insurer about the accident or damage as soon as possible. Two types of claims can be raised - Cashless Claims and Reimbursement Claims.
- Cashless Claims: The car needs to be taken to a network garage. After the car is repaired, the repair bill amount will be paid directly by the insurance company.
- Reimbursement Claims: The car can be repaired from any garage. However, if getting it repaired at a non-network garage then it is important to inform the insurer. Once the vehicle is repaired, the policyholder can send the repair bill to the insurance company to get the bill amount reimbursed.
Make sure to share all the information regarding the loss or damages to the car with the insurance company before the car gets repaired.
Add-ons for your car insurance
Bundled Policy(1-year Own Damage + 3 Years Third Party Cover)
Car Accessories Cover
Daily Allowance Cover
Engine Protection Cover
Key Replacement Cover
Multi-Year Car Insurance
Personal Accident Cover
Personal Possessions Cover
Return To Invoice
Rim Damage Cover
Tyre Protector Cover
Voluntary Deductible in Car Insurance
Zero Depreciation Car Insurance
Most insurers include coverage for air conditioner coolant under the consumable cover add-on. However, it is best to confirm with your insurer first.
Those people who want to reduce the cost of minor repairs and replacement should opt for this optional. However, if a car is older than 5 years then this cover may not be available.
This add-on can be purchased both online or offline by visiting the insurer. If opting online, don't forget to compare multiple plans on Policybazaar.com before buying one. Once the plan is finalized, the process will hardly take a few minutes.
No, routine repairs are not covered under this add-on. The cover will not apply to consequential damage and is also subject to depreciation.
Yes, this cover can opt for commercial vehicles such as cabs, tourist cars etc. as well.
Find similar car insurance quotes by body type
Note: This is your car’s recommended IDV as per IRDAI’s depreciation guidelines.asdfsad However, insurance companies allow you to modify this IDV within a certain range (this range varies from insurer to insurer). Higher the IDV, higher the premium you pay.
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