Consumable Cover
Get extra protection for your two-wheeler with our Consumable Cover Add-On in Two-Wheeler Insurance. Cover expenses for replacement of consumables like oil, nuts, bolts, etc.
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What is Consumable Cover Add-On in Two-Wheeler Insurance?
The consumable cover is an optional add-on in two-wheeler insurance policies that covers the cost of consumable items such as engine oil, coolant, brake oil, and lubricants. These items are subject to wear and tear and need to be replaced frequently. The consumable cover ensures that policyholders do not have to bear the cost of these items in case of an accident.
Advantages of Consumable Cover
- Coverage for Consumable Items: Consumable cover provides coverage for the cost of consumable items that need to be replaced frequently.
- No Out-of-Pocket Expenses: Policyholders do not have to bear the cost of consumable items in case of an accident.
- Peace of Mind: Consumable cover provides peace of mind to policyholders, knowing that their two-wheelers are fully protected in case of an accident.
Factors to Consider When Choosing Consumable Cover
- Coverage Amount: Policyholders should consider the coverage amount offered by the insurance company before choosing Consumable cover.
- Deductible: Policyholders should also consider the deductible amount when choosing Consumable cover. A lower deductible means that policyholders will have to pay less out of pocket in case of an accident, but the premium will be higher.
- Premium Cost: Policyholders should compare the premium costs offered by different insurance companies and choose the one that offers the best coverage at an affordable premium.
- Policy Terms and Conditions: Policyholders should carefully read the policy terms and conditions before choosing Consumable cover to ensure that the policy covers the cost of consumable items in case of an accident and that there are no restrictions or exclusions.
How Does Consumable Cover Work?
- Consumable cover works similarly to other add-on covers in two-wheeler insurance policies. Policyholders can opt for this cover at the time of purchasing the insurance policy. The premium for the consumable cover will be added to the base premium for the policy. In case of an accident, policyholders can make a claim for the cost of the consumable items that need to be replaced. The insurance company will reimburse the policyholder for the cost of these items, up to the coverage limit.
Types of Consumable Items Covered by Consumable Cover
Consumable cover typically covers the cost of the following items:
- Engine oil
- Brake oil
- Coolant
- Lubricants
- Spark plugs
- Fuel filters
How to Make a Claim for Consumable Cover?
Making a claim for consumable cover is a simple process. Policyholders need to follow the below steps:
- Intimate the insurance company about the accident: Policyholders need to intimate the insurance company about the accident as soon as possible.
- Submit the required documents: Policyholders need to submit the required documents such as the insurance policy, the claim form, and the bills for the consumable items.
- Wait for the claim to be processed: The insurance company will process the claim and reimburse the policyholder for the cost of the consumable items.
Importance of Consumable Cover
Consumable cover is an important add-on in two-wheeler insurance policies as it provides coverage for the cost of consumable items that need to be replaced frequently. Policyholders do not have to bear the cost of these items in case of an accident, which can save them a significant amount of money. Furthermore, consumable cover provides peace of mind to policyholders, knowing that their two-wheelers are fully protected in case of an accident.
Conclusion
In conclusion, consumable cover is a useful add-on in two-wheeler insurance policies that provides coverage for the cost of consumable items. Policyholders should consider opting for this cover to protect themselves against the cost of these items in case of an accident. Policyholders should compare the coverage and premium costs offered by different insurance companies and choose the one that offers the best coverage at an affordable premium.
