By Mya Finn
Four-wheeler owners must be prepared to handle the potential damages and risks as the monsoon season approaches. From waterlogged areas to flooded roads, the rainy season poses a significant threat to four-wheelers.
It is essential to have comprehensive car insurance to safeguard your car and finances. In addition to the basic policy, you can opt for various add-on covers to enhance your policy coverage. Let’s look at some essential add-on covers that can help in the monsoon season.
Car Insurance Add-On Covers to Ensure Security For Monsoon
You can prepare your four-wheeler for monsoon by opting for the right add-on covers with your comprehensive car insurance policy. Here’s a list of essential add-on covers you should consider purchasing-
Nil Depreciation Add-On Cover
While settling your insurance claims, depreciation of your four-wheeler’s parts is considered. However, with an add-on coverage of zero depreciation, your insurance company will compensate you for the repair costs without factoring in the depreciation amount.
During the monsoon season, your car runs on water-logged roads, which can damage your car parts. Suppose one of your car parts is damaged because of waterlogging. In that case, you do not have to worry about the depreciation factor, and you can get full compensation for the repair bills with the help of nil depreciation cover.
Consumables Cover
Your comprehensive car insurance plan does not cover the cost of consumables items such as nuts & bolts, gearbox and engine oil, screws, distilled water, oil filter, bearings, bolts and more. You must pay for these expenses independently while settling the repair bills.
If your four-wheeler is damaged in a cyclone, storm, or flood, you do not have to worry about the cost of these consumables. Having car insurance consumables cover will help reduce your financial stress.
Engine Protection Cover
You can purchase engine protection cover along with your comprehensive car insurance policy. In India, during the monsoon season, four-wheelers with lower ground clearance can be damaged on water-clogged roads.
Water entering your four-wheeler’s engine can cause significant damage. It can harm engine components, lead to engine oil leakage, and damage the gearbox.
An engine protection add-on cover ensures that you get compensation for replacing or repairing your four-wheeler’s engine parts in case of damage caused by water-clogged roads. It covers the cost of replacing or repairing the engine parts.
Return To Invoice Cover
Return-to-invoice cover is another essential car insurance add-on cover that you can purchase. Your standard car insurance policy compensates you with the approximate market value of the four-wheeler or insured declared value (IDV) in case of theft or total loss.
Suppose your four-wheeler is a total loss, or the damages are beyond repair. In that case, the return-to-invoice cover will pay the same amount mentioned in the four-wheeler’s bill or invoice.
During the monsoon season, flooding can cause severe damage to your vehicle. These damages to your vehicle can be potentially beyond repair. Therefore, the return to invoice cover will ensure adequate compensation in such circumstances.
To Wrap It Up
Apart from these car insurance additional coverages, there are several other ways you can ensure your car’s safety during the monsoon season. These include checking the water level before hitting the road, driving composedly and calmly, checking the air pressure of the tyres, and more.
