Is Your Car Insurance Adequate During Monsoons? What To Check

Yearly, water accumulation strains civic infrastructure, causing millions in property damage. Daily commutes become nightmares with waterlogging, traffic delays, breakdowns, and various issues.

Is There A Sufficient Umbrella Provided By Your Car Insurance During The Monsoon?

Civic infrastructure strain leads to water accumulation, causing millions in property damage. Daily commutes become a nightmare with waterlogging, traffic delays, and car breakdowns. Motor vehicles suffer the most, with insurance claims surging due to engine breakdowns, hydrostatic locks, flood-submerged cars, accidents, falling trees, and landslides.

Insurance claims adhere to the chosen coverage terms. While basic car insurance covers accident-related damage, it lacks specific protection for monsoon-related issues. To bridge this gap, affordable add-on coverages supplement traditional policies, ensuring comprehensive coverage for repairs and losses not covered by standard insurance for new cars.

The following five add-ons are available with the private car package policy that offer numerous car insurance benefits:

  1. Engine Protector

Depending on the vehicle’s make and model, repair or engine replacement costs may reach lakhs of rupees. The engine protector add-on may cover significant harm caused by lubricant leaks and water intrusion to the engine or its components. However, be sure to notify the insurer immediately and have the engine fixed to prevent additional water damage, such as corrosion. *

  1. 24/7 Spot Assistance

This coverage can provide on-the-spot assistance for mechanical problems, including flat tyre repair, on-site battery jump-start, refuelling assistance, emergency towing assistance, retrieval of spare keys, and continuing the trip in another vehicle or hotel room in case of a breakdown. *

  1. Depreciation Shield

Since a car is a depreciating asset, certain parts that require repair or replacement – such as paint jobs, plastic, rubber, fibre parts, and other accessories – may not be sufficiently compensated for by a depreciated payout when determining the claim amount payable. Depreciation is not considered when a claim is paid in full with a depreciation shield cover. *

  1. Consumables Expenses

In the event of an emergency, your car insurance provider may pay for the replacement or replenishment of consumables, such as petrol for air conditioners, engine and gearbox oil, lubricants, nuts and bolts, distilled water, grease, oil filters, bearings, washers and clips. *

  1. Return To Invoice

Suppose the car sustains significant damage that is considered a “total loss” (beyond repairs). In that case, the company will pay the difference between the car’s actual purchase price and the current replacement cost of a new vehicle of the same make and model, whichever is less. In addition, you will be compensated for the road tax and first-time registration fees you paid for the insured car. *

You should choose a Bajaj Allianz car insurance online policy and the appropriate add-ons if you live in a coastal city, a flood-prone area, or a geographically unstable place. This will not only provide you with financial stability in the event of an emergency, but it will also bring you mental peace.

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*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.

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