These motor insurance coverage add-ons will make life simpler throughout monsoons

NEW DELHI: On Wednesday, heavy rain lashed Mumbai, flooding many areas. Like yearly, there have been photos of submerged autos.

Flooding can severely injury a automobile. The whole engine can go for a toss (hydrostatic lock) if an try is made to start out the automobile earlier than the water drains out utterly. The water additionally damages seats and sensors.

To defend in opposition to these damages, listed below are a number of add-ons that it is best to think about alongside along with your motor insurance coverage. They assist cut back disputes with insurers and out of pocket bills.

Engine Protector cowl

This turns out to be useful when your engine is broken as a consequence of water ingress. The insurer pays the price of repairing the engine. The injury to the engine can happen should you begin a automobile that was submerged in water or when you’re driving by way of a waterlogged space.

In the absence of this cowl, the insurer would reject claims associated to the engine. Insurers maintain automobile proprietor negligent if he drives by way of a flooded space or begins the automobile that was submerged in water with out permitting it to empty.

Depending on the worth of the insured automobile, the price of engine-protector cowl is within the vary of Rs1,000 to Rs3,000.

Roadside Assistance

It isn’t straightforward to get assist in case your automobile breaks down on the street throughout the monsoon. With this cowl, you may get the automobile towed to the closest workshop and even get it repaired on the spot in case of minor damages. The cowl just isn’t solely helpful in monsoon however can turns out to be useful all by way of the 12 months.

Some insurers additionally supply various automobile, lodging, fixing flat tyres, battery jumpstart, and many others., with this cowl. You should verify the main points. It’s one of many cheaper add-ons. The value varies relying on the automobile make and mannequin.

Zero-Depreciation cowl

When settling claims of an previous automobile, insurers cut back the worth of the elements based mostly on the age of the automobile; that’s, it should think about the depreciated worth of the elements. A zero-depreciation cowl permits you to get the total quantity of broken elements. Typically, a zero-depreciation cowl ought to value 15-20% of the bottom coverage.

(Do you will have private finance queries? Send them to mintmoney@livemint.com and get them answered by business consultants)

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