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What is Consumables Cover in Car Insurance?
Consumables Cover in Car Insurance refers to an Add-On that covers the cost of replacing consumable items in a car during a policy-covered repair. Consumables are car parts that have a limited lifespan and cannot be reused. Therefore, they need to be replaced if a repair is carried out. Examples of consumable items in a car include screws, lubricants, brake oil, engine oil, etc. Please note that since a Consumable Cover is an Add-On, it can only be bought along with Comprehensive Car Insurance
Features of Consumables Cover Add-On?
The following are the features of a Consumables Cover Add-On.
Low-Cost Coverage
Buy a Consumables Cover along with Comprehensive Car Insurance at an affordable cost
Fast Claims
We make every effort to promptly resolve your claims so as not to keep you waiting.
Minimal Paperwork
As we are an online insurer, purchasing a policy or filing a claim can be almost entirely paperless.
Customer Support
Our staff is committed to providing you with committed support when you purchase a policy or file a claim.
Instant Renewal
Since we already have your details, you can easily renew your policy with us after its expiry
How does a Consumables Cover work?
This Add-On allows the owner of an insured vehicle to claim Consumables coverage under their Car Insurance in the event that the vehicle sustains damages covered by the policy. Here is an example to help you understand how the Consumables Cover works.
Example
While Mr. Ashok was driving his car, another vehicle suddenly crossed lanes in front of him, causing a collision. Mr. Ashok’s car's bonnet and bumper were damaged. So, he promptly informed his insurer about the accident and raised a claim. During the repair at an authorised garage, it was found that certain consumables such as the coolant and a few nuts and bolts needed to be replaced. Fortunately, Mr Ashok bought a Consumables Cover with his Car Insurance. Consequently, he was spared from having to pay for the replacement of these parts himself.
How Much Does Consumables Cover Add-On Cost?
To find out how much a Consumables Cover Add-On for your car will cost, visit our website or mobile app. Locate Car Insurance, enter your car’s registration and phone number in the respective fields and click “Insure Now”. On the new page, enter your vehicle and previous policy details. After that choose Comprehensive Car Insurance and a Consumables Cover. Finally, review the total cost on the same page.
Consumables Cover Add-On in Shriram General Insurance Coverages
The following are the coverages under the Consumables Cover Add-On in Shriram General Insurance.
- What is Covered?
- What is not Covered?
The cost of replacing consumable items in the event of vehicle repair for a policy-covered accident.
A maximum of two claims for consumable items in your car may be made each year.
Vehicles under the age of 5 years from the date of sale can be insured with a Consumables Cover.
Coverage is not available for vehicles used for racing, rallying, motorsports, or instances where the vehicle is not driven in accordance with laws and regulations.
The coverage does not include routine repairs/services at the insured's home or other locations.
In the case of a transfer of ownership of the insured vehicle, the cover under Consumables shall expire.
If repaired at an unauthorised workshop, we will be liable to compensate only 75% of the claim amount.
We will not provide coverage in the event of your vehicle's total loss. However, you can claim coverage for this under your OD Policy.
Who Should Opt for Consumables Add-On Cover?
The Consumables Add-On Cover is beneficial for all car owners seeking enhanced coverage for their vehicles. Nevertheless, here is a list of individuals who may benefit from possessing a Consumables Cover.
How to buy/renew Consumables Cover in Car Insurance?
- Buy Consumables Cover in Car Insurance
- Renew Consumables Cover in Car Insurance
You can buy a Consumables Cover online by following these simple steps.
Visit the official Shriram General Insurance website or mobile app and select Car Insurance. Then, fill in the relevant fields with your car's basic information and click "Insure Now."
Pick a Comprehensive Car Insurance Policy. Then, you will have the option to select Add-Ons. Choose the Consumables Cover and any other Add-Ons you may require.
After you have selected the required insurance plans, the total cost will be shown. Check the bill and make the online payment to obtain a Car Policy with the chosen Consumables Cover.
Here are the steps to renew your Consumables Cover in Car Insurance with Shriram General Insurance
Click “Renew Shriram Policy” on the Shriram General Insurance website/app. Following that, enter your previous policy details.
Choose a Comprehensive Car Insurance Policy and choose a Consumable Cover Add-On.
Pay online to receive your renewed Comprehensive Car Insurance Policy with the Consumables Add-On.
Benefits of Opting for Consumables Cover Add-on
The following are the benefits of opting for a Consumables Cover Add-On.
Consumables Cover in Car Insurance Claim Process
You can file a claim via our mobile app, website, or 1800-300-30000/1800-103-3009 over the phone in relation to your Consumables Cover. The steps for submitting an online claim are listed below.
- Step 1
- Step 2
- Step 3
Register your Claim
- Go to our website or app, select "Initiate a Claim" under the "Claims" section, enter your policy and vehicle details as requested on the page, and click submit.
Submit the Required Details
- Describe in detail the damage that was done to your car and how it happened. Provide information about the location of your car, its mileage, and any other car-related details. Also, submit claim-related documents.
Claim Settlement
- We will process your claim and credit your bank account with the appropriate financial compensation after reviewing the details of your vehicle and claim.
What Documents Do I Need to Make a Claim for Consumable Expenses?
The following documents need to be submitted to make a claim for consumable expenses.
- Claim Form duly filled and signed
- Registration Certificate
- Fitness Certificate
- Driving Licence
- Repair Estimate
- Bills, Payment Receipt
- Discharge Voucher
- ID proof with Signature (Insured)
- Bank details with a cancelled cheque for claim settlement via NEFT
- FIR (If filed or required)
Shriram Car Insurance in Major Cities in India
Delhi
Chennai
Mumbai
Ahmedabad
Gurgaon
Bangalore
Agra
Bhopal
Pune
Indore
Jaipur
Dehradun
Shriram Car Insurance for Popular Car Brands
Road Tax by States
- Road Tax for Delhi - 4-12.50%
- Road Tax for Tamil Nadu - 12-20%
- Road Tax for Haryana - 4-10%
- Road Tax for Maharashtra - 7-14%
- Road Tax for AP - 12-14%
- Road Tax for Kerala - 7-17%
- Road Tax for Karnataka - 13-18%
- Road Tax for Punjab - 6-8%
- Road Tax for Gujarat - 6%
- Road Tax for Rajasthan - 5-10%
- Road Tax for Uttarakhand - 4-5%
- Road Tax for Uttar Pradesh - 7%
Frequently Asked Questions
What consumables are covered under the policy?
No, Comprehensive Car Insurance is not mandatory. However, Third-Party Car Insurance is mandatory by law.
What is the procedure for getting full coverage under a Consumables Cover?
To receive full benefits under the Consumables Cover, the insured vehicle must be repaired at an authorised workshop. Please note that if the repair is done at a non-authorised workshop, the company's liability is limited to 75% of the assessed total claim amount.
How many times can I use the Consumable cover in a year?
Yes. Please use an online premium calculator for an estimate. The cost of your Shriram Car Insurance depends on factors like your car's make, model, year, Insured Declared Value (IDV), type of insurance, and any additional features you select. These factors are considered to determine your car insurance premium.
