Consumables are goods with a narrow range of applications. After using such a product, you won’t be able to use it again. For instance, nuts and bolts cannot be reused after being used in your car. They would occasionally need to be replaced. Similar to how engine oil in your car eventually runs out after use.
Your comprehensive car insurance does not typically cover or reimburse you for any of the vehicle’s consumables. You are expected to cover the cost of replacing these consumables out of your pocket at the time of claims. To prevent this, you can choose a consumables cover to cover these costs. This is an additional cover, so your total premium will go up. *
The list of consumables typically covered by most insurers under their Consumables Cover Add-on is provided below:
- Motor oil
- Fuel filter
- Lubricants
- Broken oil
- Engine oil
- Bold and nuts
- Screw
- Purified water
- Grease
- Bearing
- Washers
- Gas for air conditioner
- Other comparable items
Claims are subject to terms and conditions set forth under the car insurance policy.
How To Purchase A Consumable Cover Extension For Car Insurance:
While purchasing or renewing your car insurance policy, you can purchase this coverage online or offline. Following the instructions listed below will allow you to buy a Consumable Cover:
Step 1: Go to the insurer’s website to purchase coverage
Step 2: Disclose basic car information
Step 3: Choose the Comprehensive Plan
Step 4: From the available add-ons, choose the consumable cover
Step 5: Pay for the insurance and get it
The main advantage of purchasing a motor vehicle consumable cover add-on is that the insurance company will cover both the repair cost and the consumables used to repair the damaged vehicle. You get the advantage of not worrying about paying for the consumables by spending a small amount to buy the add-on.
Claims are subject to terms and conditions set forth under the car insurance policy.
Who Should Opt for a Consumable Cover?
You must choose a consumable add-on cover if:
- You do not want to be responsible for paying for consumable charges, such as the expense of replacing engine oil, which is included in the repair bill
- If you want to avoid worrying about settling claims for simple replacements and repairs. *
Claims are subject to terms and conditions set forth under the car insurance policy.
A Few Points To Note About The Consumables Cover Add-on:
- Can only be purchased with a comprehensive plan
- Does not cover fuel expenses
- Can be purchased online as well as offline, depending on the availability
- Can be beneficial for those who own less than five years old cars
- Cost incurred to replace or repair the insured vehicle’s nuts and bolts is included in a consumables cover add-on’s inclusion
- You will spend a marginal amount to purchase the cover, but in case your car needs repairs, then at that time, you will not have to pay for the cost incurred for the consumables used to repair the vehicle. This way, you can save money on the repair cost with the help of this add-on. Purchasing this add-on also makes the claim settlement process more convenient. * ##
Claims are subject to terms and conditions set forth under the car insurance policy.
## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
* Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
