Consumables Cover in Car Insurance
Consumables cover is an add-on that you can choose to opt for in a comprehensive car insurance plan. Here, consumables are components that undergo frequent wear and tear and need to be replaced from time to time. Some common consumables used in your four-wheeler are nuts, bolts, engine oil, lubricants, oil filters, grease, etc. Usually, the expenses of replacing or repairing such components are not covered under your insurance plan. With consumables cover, you can secure such costs that can add up in the future. However, you must note that the consumables add-on does not cover the cost of fuel required by your vehicle.
What’s Covered Under Consumables Add-on Cover?
Here are some car components that are covered under the consumables add-on cover in car insurance:
Does Consumables Cover Cost Extra?
The consumables add-on cover in car insurance needs to be purchased separately and isn’t included under your car insurance policy. Such a cover is available at a nominal premium rate which isn’t comparable to the amount you shall end up saving! However, the consumables cover price may vary for car models and differ from one insurer to another.
How to Buy Consumables Cover in Car Insurance
Follow this step-by-step guide to purchase a consumables cover with your comprehensive car insurance policy:
Step 1: Go to the ‘car insurance premium calculator’ page on Bajaj MARKETS.
Step 2: Enter your vehicle details such as the car number, vehicle type, make and model, fuel type, etc. and proceed.
Step 3: Select the plan type as ‘comprehensive car insurance’ and choose the ‘consumables cover’ under the add-on cover option.
Step 4: Check other insurance details such as the Insured Declared Value, NCB reward, etc.
Step 5: Select a suitable car insurance plan from the various policies available.
Step 6: Review the policy terms and coverage.
Step 7: Pay the premium online.
Your car insurance plan with the consumables cover shall be issued soon!
Read More: Comprehensive Car Insurance
Benefits of Consumables Add-on Cover
Let’s go through the advantages of opting for consumables cover in a car insurance policy:
As we mentioned before, the cost of replacing consumables is not covered under your insurance policy. By purchasing such an add-on cover, you can enhance the coverage to avail more features with your existing plan!
The consumables cover in motor insurance is cost-effective and doesn’t lead to a hefty premium quote.
Imagine the money you would save in the long term that would be spent on replacing or repairing consumables without the add-on cover!
How to File a Claim Under Consumables Add-on Cover
Notifying your insurance provider in the event of a claim is crucial to avoid claim rejections! Here’s how you can easily file a cashless and a reimbursement insurance claim under consumables cover:
Inform your insurance provider regarding the claim at the earliest. You can take your four-wheeler to a network garage associated with your insurer. After inspecting the repair or service requirement and receiving approval from the insurer, the garage will begin working. The repair cost will be directly settled by the insurance company.
You can get your vehicle serviced or repaired at a garage of your choice. Pay the expenses incurred and submit the original bills and receipts to the insurer. After verifying the claim details, the insurance provider shall reimburse the expenses. However, you must inform the insurer regarding the claim before getting your car repaired.
Read More: Car Insurance Claim Process
The consumables cover in motor insurance is crucial to cover specific parts of your car that are otherwise not covered under a comprehensive insurance plan. To avoid additional costs while having insurance coverage, you can opt for the consumables add-on cover to maximise protection! So, if you are an owner-driver, ensure that you secure your precious car with comprehensive car insurance instead of continuing with a basic cover. Browse through the offerings available on Bajaj MARKETS and enjoy a lucrative premium quote that’s budget-friendly!