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3 Charges That Are Not Covered By Standard
Car Insurance and How to Tackle Them The
Motor Vehicles Act, 1988, makes it mandatory for
every vehicle owner to have a basic motor
insurance policy in place. Now, getting car
insurance offers many more benefits than simply
keeping you compliant with the law. The insurance
coverage will provide you with financial
assistance if you face a road mishap or damages
due to natural or man-made calamities. However,
it is important to note that every insurance
policy comes along with a list of charges that
are not covered. It is crucial to note these at
the time of policy purchase so that you do not
get surprised later on when you need to make a
claim. To help you understand what these
exclusions entail, this article lists out 3 of
the most common charges that are not covered by a
standard car insurance policy. Read on till the
end to understand how you can best tackle these
charges when they arise.
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1.Cost of consumables

• The consumables in your car are the parts that
  need frequent replacing due to natural wear and
  tear. In essence, they are called consumables as
  they get consumed over time as you run your
  vehicle. Consumables commonly include the nuts,
  bolts, screws, engine oil, and brake oil. When
  you make a claim under your car insurance policy,
  you have to pay for these consumables yourself.

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2. Charges for engine repair or replacement

• Even if you have a comprehensive car insurance
  policy, you cannot make a claim for any charges
  involved in repairing or replacing your engine
  and its parts. For instance, if you live in an
  area that frequently gets flooded in the rains,
  your car engine might face the issue of
  hydrostatic lock. The kind of repair work that
  would be needed to fix the water-damaged engine
  would not be covered by your standard car
  insurance plan.

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3. Value of depreciation

• Every vehicle undergoes certain amount
  depreciation in parts that are made of wood,
  metal, and fiberglass. Your car insurance plan
  takes this depreciation into consideration and
  deducts it before paying out your claim. This
  exclusion can weight pretty heavy on the pocket
  if you drive a luxury vehicle or a vehicle whose
  spare parts are noted for being expensive.

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• So, now the we know what charges are not covered
  under a standard motor insurance plan, how does
  one tackle these costs?
• The answer is simple include add-ons in your
  car insurance policy!
• Add-ons supplement your basic car insurance plan
  by helping you customize your coverage to fit
  your needs. Three of the most important add-ons
  that every motorist should consider opting for
  are
• Consumables cover
• Engine protection cover
• Zero depreciation cover
• These three add-ons will successfully help you
  get your insurance provider to pay for all the
  above-mentioned charges that are normally
  excluded under a basic car insurance plan. Now,
  you can head out for a drive, knowing your car
  insurance is truly comprehensive in every way. We
  hope this article will help you.