Consumables are essential components in a vehicle that need regular replacement due to their limited use. Items like nuts and bolts, lubricants, and various oils fall under this category. Standard car insurance doesn’t typically cover the cost of replacing consumables. However, opting for a consumables cover as an add-on to your car insurance can reimburse these costs in the event of an accident or theft.
Why is Consumables Cover Important?
Consumables, such as nuts, bolts, and lubricants, can accumulate expenses, especially if you regularly maintain your vehicle. Consumables cover offers financial protection by preventing you from shouldering the entire replacement cost, ensuring your financial security.
Making a claim for consumables is convenient, as the insurance company reimburses you for the replacement cost. This eliminates the need to organize and pay for consumables separately, providing a hassle-free experience.
While regular car insurance covers major damages, consumables cover goes further by including smaller yet essential items. It guarantees that your vehicle is safeguarded not only from significant damage but also from the wear and tear associated with routine maintenance.
Peace of Mind
Having consumable items covered in your insurance policy brings peace of mind. You can drive confidently, knowing that even if these smaller components require replacement, you won’t face a substantial financial burden.
Inclusions in Consumables Add-On Cover
You have the option to include an additional consumables add-on cover in your comprehensive car insurance at a very affordable cost. This supplementary cover encompasses the expenses related to:
- Oils and lubricants like brake oil, engine oil, gearbox oil, coolants, and grease.
- Components such as nuts, bolts, screws, washers, and oil filters.
- The gearbox.
- Air conditioner gas.
Exclusions in Consumables Add-On Cover
A consumable car insurance add-on cover has specific conditions under which it does not provide reimbursement for a claim. These conditions include:
- Fuel expenses
- Mechanical or electrical breakdown
- Wear and tear of car components due to regular usage
- Late intimation to the insurance company
- Driving without a license
- Driving under the influence of drugs or alcohol
Considerations for Adding Consumables Cover
A consumable claim falls under the ‘own damage’ section of your comprehensive car policy, covering damages resulting from an accident or theft. This coverage is applicable to vehicles less than 5 years old. To make a claim, it must be initiated promptly within the specified time frame, typically 3 days; otherwise, a delayed intimation may result in claim rejection. Additionally, claims can only be made for the components explicitly listed in the policy.
Benefits of Consumable Add-on Cover
- Cost-effective addition to comprehensive car insurance.
- Saves money on frequent repairs.
- Expands the coverage of comprehensive car insurance.
- Offers peace of mind as all expenses are handled by the insurance company.
How to Make a Claim for Consumables Cover
- Notify the insurance company immediately to initiate the claim process.
- Provide detailed information about the damage to your insurer.
- For cashless claims, take the vehicle to a network garage where the insurance executive will assess the damage, and bills are settled between the insurance company and the garage.
- For reimbursement claims, submit the repair bill to the insurance company along with required documents. Remember that claims may be rejected if you don’t inform your insurer before going to a non-network garage.
A consumable add-on cover is vital for covering specific parts of your car not included in a standard comprehensive plan. Especially for new or expensive cars or new drivers, this cover can save significant money on frequent repairs. While additional coverage provides peace of mind, it’s essential to drive cautiously to avoid frequent claims and adhere to timelines for successful claims processing.
Frequently Asked Questions (FAQs)
Q. What do consumables refer to in car insurance?
Consumables are items that need regular replacement or replenishment due to wear and tear or regular use. Although not part of the vehicle itself, they are crucial for its maintenance and proper functioning.
Q. What is included in consumables cover in car insurance?
Consumables cover involves reimbursing the cost of replacing or replenishing consumable items damaged or depleted due to insured events like accidents, theft, or fire. Common items covered include engine oil, coolant, brake fluid, filters, gaskets, washers, and lubricants.
Q. Is consumables cover part of a standard car insurance policy?
No, consumables cover is usually not included in a standard car insurance policy. It’s typically offered as an optional add-on or as part of a comprehensive car insurance policy.
Q. How does consumables cover benefit the policyholder?
Consumables cover provides financial protection by reimbursing the policyholder for the cost of replacing consumable items. It also offers convenience, eliminating the need to bear the entire cost or make separate arrangements for purchasing these items.
Q. Can consumables cover be purchased separately from car insurance?
No, consumables cover is typically offered as an add-on or rider to a car insurance policy and cannot be purchased as standalone coverage.
Q. Are all consumable items covered under this type of cover?
The specific consumable items covered may vary based on the insurance provider and policy. Reviewing the policy’s terms and conditions is crucial to understanding the included consumable items.
Q. Are there any exclusions to consumables cover?
Yes, there may be exclusions, such as normal wear and tear, pre-existing damage to consumable items, or consumables needing replacement due to regular maintenance. Examining the policy is essential to identify specific exclusions.
Q. How does one make a claim for consumables under a car insurance policy?
To claim consumables, the policyholder typically follows the same process as for other damages or losses. Contact the insurance provider, provide necessary documentation and evidence, and follow their instructions to initiate the claim.
Q. Is consumables cover necessary for every car owner?
The necessity depends on individual circumstances, including driving habits, vehicle usage, and maintenance practices. If regular maintenance is a routine and frequent consumable replacement is not expected, adding this cover may not be essential.
Q. Does consumables cover increase the cost of car insurance?
Yes, adding consumables cover to a car insurance policy generally increases the overall premium cost. The specific cost varies based on factors like coverage limits and the insurance provider, requiring a careful evaluation of cost versus benefits before inclusion.