Protect your vehicle during the monsoon with car insurance


With the arrival of monsoons, we often face risks, such as floods, the spread of waterborne infections, damage to homes and vehicles, etc. Although we may go to great lengths to protect our health, home, vehicles, etc., from monsoon damage, it can still have a negative effect on you. In such cases, having insurance can help you stay financially secure.

Understanding the importance of insurance and how it can cover various aspects related to any type of damage to your vehicles is important. It is relevant to check whether our vehicles are insured or not before the start of the monsoons. If your vehicle is insured with comprehensive insurance coverage that covers both own damage and third party liability, you can avoid financial stress. However, simply acquiring a policy is not enough; it must also be renewed in time. Insurance coverage and all add-ons will cover repair costs as well as any damage to the car.

Whereas standard auto insurance would cover major losses in dire circumstances. However, expenses can be further minimized by choosing several add-on features readily available from all major insurers. One needs to be equipped with the right add-ons to mitigate losses that are usually not covered by a standard four-wheeler policy. These additional covers can be coupled with a car policy at a slightly affordable price and can be a great help.

SBI General Insurance lists some four-wheeler add-ons you can choose from

Depreciation Refund – aka Zero Dep Cover / NIL Dep Cover / Bumper to Bumper (in 4 wheels): The insured does not have to pay the depreciation value of the vehicle at the time of the claim. In the event of accidental damage resulting in the partial or complete replacement of any part under the partial vehicle loss scenario, the amount of depreciation may be claimed. This coverage will not apply in the event of total loss.

NCB Protection (No Claim Bonus): Coverage to ensure that the NCB does not reset in the event of a single unfortunate claim during the policy period. So even after just one authorized claim, when renewing the policy, NCB remains protected and not lost to you.

Basic Roadside Assistance: Convenient for the owner if the vehicle is found stranded due to mechanical/electrical failure or a flat tire.

Engine guard: Covers damage to internal gearbox and engine parts resulting from water ingress / lubricating oil leakage in the event of flooding.

Inconvenience allowance: This gives a daily allowance in terms of reimbursement for a maximum of 10 days if the insured vehicle has to undergo a repair for more than 3 days. This would come in handy on your daily commute to work when your most useful machine is absent.

Consumables Coverage: Covers the cost of damage to consumable items such as nuts and bolts, lubricant clips, AC gas, gearbox oil/engine lubricator/brake oil – leaks caused by accident, etc

Back to invoice: Covers the difference between the insured declared value and the invoice value of the vehicle in the event of total loss of the vehicle for the first registered owner of the vehicle. This comes in handy when the vehicle is damaged beyond repair or stolen.

Apart from blankets, you can opt for other add-ons to protect your savings from unforeseen events. These include EMI protection, covers for key replacement, additional roadside assistance cover, loss of personal effects, enhanced personal accident cover and vehicle cash cover. ‘hospital.

With digitalization, the auto insurance industry has had a facelift to meet the needs and expectations of existing and potential customers. Insurance players are constantly investing in the reinvention of ancillary products so that customers can make more informed and independent purchasing decisions. In the list of add-ons mentioned above, most coverage is readily available from general insurers, such as SBI General Insurance, and can also be purchased through the company’s app and website.

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