Consumables Add-On Cover

What Does the Consumables Add-On for Commercial Vehicles Cover?

Check out the common items that are generally covered with this add-on cover for a commercial vehicle insurance policy:

1. Fluids and Oils: The cost of replacing fluids, such as engine oil, brake fluid, transmission fluid, etc., is covered with the add-on.
2. Lubricants and Grease: This add-on covers the cost of lubricants and grease used to ensure the smooth functioning of several components in the insured vehicle.
3. Nuts and Bolts: This add-on typically covers the replacement costs of nuts, bolts, and other similar items used while repairing and replacing insured items while settling an accidental commercial vehicle insurance claim.
4. Filters: This add-on covers the cost of replacing air, oil, fuel, and other filters that help in maintaining the efficiency of the insured vehicle.

Why is the Consumables Add-On Important for Commercial Vehicles?

A basic commercial vehicle insurance policy is not sufficient to cover several costs. While it offers extensive coverage for damages caused to the insured vehicle due to natural calamities, road accidents, collisions, etc., it does not cover the costs of consumables. Here are some benefits of getting a consumable cover with a commercial vehicle insurance policy:

1. Reduces Out-of-Pocket Expenses

   Consumables are important to operate a commercial vehicle, and it is quite expensive to repair them. This add-on ensures that the cost of maintaining the consumables is borne by the commercial vehicle insurance company. It reduces any unexpected and unforeseen out-of-the-pocket expenses and is a cost-effective option.

2. Reduces Vehicle Downtime

   Repairing a commercial vehicle and then filing for a claim is a time-consuming process. It can lead to delays and hamper business productivity. The consumables add-on cover for commercial vehicles reduces vehicle downtime as it helps to remove financial hurdles, ensures a smooth claim process, and reduces the back-and-forth communication with the policyholder by covering these expenses. It offers end-to-end protection and helps to get the insured commercial vehicle back on track as soon as possible.

3. Offers Peace of Mind

   It is extremely beneficial for businesses that operate multiple heavy-duty vehicles, as it provides financial protection, reduces repair time, and ensures a smooth claim process. This add-on offers the necessary peace of mind to the policyholder, and they do not have to worry about the hidden costs associated while filing an accidental claim.

When to Choose the Consumables Add-On for Commercial Vehicles?

You must opt for the consumables add-on with a commercial vehicle insurance in the following scenarios:

• Operation in High-Risk Areas: If the insured vehicle operates on rough roads or in challenging road conditions, choosing the consumables add-on is beneficial as the insured vehicle is prone to damage.
• Long-Distance Travel: Vehicles used to cover long distances must opt for the consumables add-on cover as they are more likely to get damaged.
• To Get Complete Coverage: Opt for this add-on if you want a better claim payout with complete coverage.