Consumables Cover – Car Insurance

When you go ahead to make claim for accident-related car repairs, your car insurance company does not pay for certain parts, like Consumables. With a consumables cover add-on to your basic car insurance policy, you are enabled to claim for such expenses.

But, first, let’s understand what consumables are.

What Are Consumables?

These are commodities that have a specific and limited use. Once you use such a product, you may not be able to re-use them in the future.

For example, once you use nuts and bolts in your car, they cannot be reused in small repairs. They would have to be replaced every now and then. Similarly, the fuel or engine oil of your car, once used, gets burnt out. It, thus, has no resale value.

What is a Consumables Cover?

Your comprehensive car insurance usually does not compensate or pay you for any of the car’s consumables. At the time of claims, you are supposed to pay out of your pocket for the replacement of these consumables. To avoid this, you could opt for a Consumables Cover.

A Consumables Cover is an add-on cover that pays for the cost of consumables required to be replaced or refilled in the event of an accident of your car.

Does a Consumables Cover Cost Extra?

Yes. Since this is an additional cover, your overall premium amount increases. However, the exact amount differs from one car model to another.

This add-on covers the following consumables

  • Engine oil
  • Gearbox oil
  • Nuts and bolts
  • Oil filters
  • Lubricants
  • Washers
  • Grease
  • Power steering oil
  • AC gas oil
  • Radiator coolant
  • Items of similar nature except for fuel

Before you opt for a Consumables Cover, check these terms and conditions

  • You can claim under this add-on only if it is accepted under the ‘own-damage’ section of your Comprehensive car insurance This means, it does not cover the consumables of a third-party vehicle.
  • For your claim to be valid, your car consumables have to repair within three days from the date of the accident. There is a time limit in which you need to repair your vehicle from the garage. So, make sure you inform insurance company as soon as the accident takes place.
  • Such an add-on is usually valid for cars not older than 5 years.

Exclusions in Consumables Cover

Since a Consumable Cover is a part of a Comprehensive car insurance, the exclusions for such an add-on are the same.

You cannot file a claim in the following situations.

  • Driving under the influence of drugs or alcohol.
  • Driving without a valid license.
  • Electrical or mechanical breakdown.
  • Wear and tear of the vehicle parts.
  • Delay in informing the insurer.

How Does a Consumable Cover Help?

Let us understand this with an example.

Imagine, you are on your way to the office. Unfortunately, your car meets with an accident.

Your car now needs repairs worth Rs. 14,000. Of this, the ‘own damage’ component of the Comprehensive policy takes care of the repairs worth Rs. 12,000. Here, you need to pay the remaining Rs. 2000. This is the cost of repairing/refilling consumables like engine oil, nuts and bolts, etc.

But, with a consumable cover add-on, you do not have to pay even Rs. 2,000 for the consumables from your pocket. Your insurer would pay for the entire bill of Rs. 14,000.*

A Consumable Cover, thus, enhances your comprehensive policy.

*Deductibles and depreciation on car parts have not been taken into account for the sake of simplicity.

Who should opt for a consumable cover?

You must opt for a consumables add-on cover if:

  • If you do not want to pay even for such small amounts like the cost of engine oil replacement in the repair bill.
  • If you want to stay worry-free about minor repairs and replacements.

What documents do I need for making a claim for consumable expenses?

While making a claim, you must submit the bills and receipts of the repairs. Your insurance company would have your current policy and car details. Car repairs should be preferably made in the network garages listed by your insurance company. Getting hasty repairs done at a local garage, or without intimating the insurance company beforehand, could cause your insurance claim to be invalid.

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