Images of flooded streets and overflowing rivers due to monsoon rains can be seen all over the internet. These things may cause severe damage to your car. Hence, result in expensive repair bills that your typical comprehensive car policy may need to cover. People who believe purchasing insurance add-ons is a wasteful expenditure must know its benefits first.
Further, they should know that even a fully comprehensive car insurance policy could only cover a portion of the damages. This will leave policyholders with a considerable cost to pay for repairs. As a result, selecting appropriate car insurance add-ons is essential.
Importance of Add-On Covers for Monsoon-Related Risks
Vehicle owners may benefit significantly from an optional coverage enhancement in such a situation. Regarding car insurance, add-on covers are additional protections you may purchase in addition to your primary policy.
They aid in paying for out-of-pocket costs that your standard insurance plan wouldn’t pay for. During the monsoon season, the following add-on covers are essential:
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Engine Protection Cover
Vehicles with little ground clearance may sustain flood damage on monsoon roadways. Financial losses from engine seizure may be substantial, and standard car coverage won’t compensate for them.
The Engine Protection add-on will pay for repairing or replacing engine components. These can get damaged due to water ingression, oil leakage, or any other potential causes of damage.
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Consumables Cover
A full-coverage car insurance policy does not cover consumables and must be paid out of pocket. This includes screws, engine and gearbox oil, air and oil filters, nuts, bolts, bearings, etc.
Suppose you have the consumables add-on cover for your vehicle damaged in a flood, cyclone, or hurricane. In that case, you will not be responsible for the consumables expenses as long as you have that cover.
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Roadside Assistance Cover
If your car has an accident on the road, whether caused by weather, a flat tire, or being trapped, this add-on can help you get back on the road. This add-on is beneficial during the rainy season when there is a high chance that the car will get stuck in a water-logged region.
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Tyre Protect Cover
The rainy season is tough on tires. Having such an add-on provides financial aid for complete labor charges as well as the price of tire replacement.
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EMI Protection Cover
This add-on directly pays your car’s EMIs to the financier if you cannot operate it for more than 21 consecutive days while it is being repaired from damage sustained in a garage because of rain.
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Zero Depreciation Cover
The final settlement amount will include your car’s depreciated components. A zero-depreciation insurance will reimburse you for the repairs expenses without considering the value decline of your vehicle’s components. All car parts are subject to zero depreciation; however, batteries, tires, and tubes are under 50% coverage.
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Daily Allowance Cover
If the insured vehicle is no longer operable, another available rider will reimburse the policyholder up to a certain amount per day for renting an alternative car.
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Return to Invoice
If your car is lost due to severe damage that cannot be fixed, the insurance provider will pay you the IDV. With the return to invoice add-on, you may recover the total, pre-depreciated amount shown on the vehicle’s original invoice, which covers everything from the purchase price to registration and road tax.
Conclusion
During the monsoon season, the weather may change rapidly, with days of heavy rainfall one day and storms or other natural disasters the next. As a result, you want to ensure that you are entirely ready while driving on public roads. Thanks to these add-on covers, you can move during the monsoon without worrying about the condition of your car.
