Consumables are substances used in vehicles that have very specific uses, and once they have been used, they are completely consumed and become unfit for future operation. Consumables include materials like screws, engine oil, nuts and bolts, fuel filter, lubricants, brake oil, grease and air conditioner gas.
Does The Comprehensive Car Insurance Package Include Consumables?
The comprehensive auto insurance policy does not usually cover consumables. A separate add-on cover needs to be purchased and appended to the regular insurance to protect the consumables in the vehicle. In such cases, you will be required to pay an additional amount towards the premium that corresponds to the car?s consumables.
What Conditions Should Be Met For Honouring Consumables In The Insurance Claim?
Since the coverage for consumables is an add-on to the comprehensive plan, there are certain conditions that need to be satisfied for it to be honoured at the time of a car insurance claim.
- For a consumable claim to be accepted, it should be labelled as admissible under the section pertaining to own damage of the comprehensive insurance policy. For this, you will have to read through your insurance policy documentation and get familiar with the clauses included within. Familiarising yourself with the terms and conditions will also be useful at the time of an insurance claim following an accident or theft.
- For the claim to be honoured, it is also required to repair the car consumables within three days from the date of theft or accident. If the repair is not done within that time, the claim will be rejected; so you should ensure that you abide by the prescribed time limits.
- This add-on cover is available only for cars that are less than five years old. Vehicles that are older than this cannot be protected under this scheme.
- In line with the other add-on covers for car insurance, you are advised to carry a valid driving license and a copy of your insurance documents in the car at all times. In case you are not in possession of these at the time of an accident, your insurance claim will be invalidated.
- The car consumables insurance does not make you eligible for cover under situations such as driving under the influence of intoxicants, driving maliciously, consequential damages, breakdown, wear and tear, or depreciation of the vehicle parts. Also, using a private vehicle for commercial purposes will lead to a claim rejection.
- A consumables cover enhances the . So, just as in the case of general car insurance claims, it is optimum to report incidents of theft or collisions without any delay, in order to ensure that there are no refusals of claims.
The add-on cover of consumables protects more specific parts of the vehicle than a regular auto insurance policy. Hence it is very important to understand the clauses in the policy before making an insurance claim for consumables.
Practise defence driving on the roads, so as to avoid collisions and subsequent car insurance claims. However, in the event of a mishap, you should look to file a compelling auto insurance claim within the specified time limit. You will have to submit all necessary documents duly filled in and attested. After an incident, if you follow the basic rules for raising a motor insurance claim, there are good chances that your claim will be approved and your expenses reimbursed.
- All You Need To Know Before Insuring Your Car In India
- Looking To Switch Insurance Companies? Read This
- Keep These Points In Mind Before Renewing Your Auto Insurance Policy
- Why Your Car Insurance Claim Was Denied
- Consumables Cover In Car Insurance - Coverage And Claim Process
- The Engine Protect Add-on Cover In Car Insurance Demystified
- Incorporate Changes In Your Car Insurance Policy Through Endorsements
- Why Should You Insure Your Car?
- Saving Money On Car Insurance Is This Easy
- When Should You Get Your Car Inspected?
- How Engine Capacity Of Your Car Is Important In Determining Its Insurance Rate
- When Should You Not Claim Under Your Car Insurance?
- Online Or Offline Purchase Of Motor Insurance - Which One Would You Choose?
- How To Detect Fraudulent Car Insurance Policies
- All You Need To Know While Insuring Your CNG Vehicle
- Points To Note Before Cancelling Your Car Insurance
- What You Should Know About IDV In Car Insurance
- How Insurers Calculate Premiums In India
- Get Adequate Protection Through Car Insurance Add-on Covers
- Bajaj Allianz Car Insurance Customer Care
- Bharti Axa Car Insurance Customer Care
- Chola Ms Car Insurance Customer Care
- Future Generali Car Insurance Customer Care
- HDFC ERGO Car Insurance Customer Care
- IFFCO Tokio Car Insurance Customer Care
- Liberty Car Insurance Customer Care
- Magma Hdi Car Insurance Customer Care
- National Car Insurance Customer Care
- New India Car Insurance Customer Care
- Oriental Car Insurance Customer Care
- Reliance Car Insurance Customer Care
- Royal Sundaram Car Insurance Customer Care
- SBI Car Insurance Customer Care
- United India Car Insurance Customer Care
- Universal Sompo Car Insurance Customer Care
GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017