Volkswagen Financial Services- 20 Jul 2018

Your regular car insurance policy might not be an adequate umbrella during the rains.

Rains are fun, but they can come with their own share of griefs! And submerge you under their weight.

We all look forward to the rains after the torrid bout of summer, and become keen to head out for long drives. That is all great, but driving in the city roads regularly during the monsoons can be quite a nightmare – not just for you but for your car too!

You might think that a regular car insurance policy will help you tide over this monsoon chaos, and in most cases it does. But, in some instances – it doesn’t! And these instances can be everyday, common occurrences. That’s why you need special monsoon covers.

Hydrostatic Lock Cover: A heavy downpour shouldn’t drown you under repair bills.

Did you know that there is something called as consequential loss, which is very different from damages caused to car because of the monsoon? An example of monsoon related damage is if your car gets submerged in water. A regular insurance policy generally covers damages due to rains; the possible cost of repairing the damage to the car can be as low as the cost of servicing the car in a garage.

Consequential damages, on the other hand, are when your car gets submerged in water and your engine locks shut. As you then try to crank the engine, water enters the engines and causes damage, the repair of which could cost a minimum of Rs.1 Lakh, depending on the make of the car. Consequential loss is an indirect loss, not directly resulting out of the event, but arising as a consequence of the loss event!

Generally when the rains cause flooding or water logging and the car is damaged as a consequence of that, regular policies do not cover such damages. So what does a person who drives cars through areas prone to heavy rainfall do?

In cases where probabilities of hydrostatic locks are high, buying an engine protector cover as an add-on to the primary policy makes good sense. The factor that most premium cars have low ground clearance makes it even more imperative to get such a cover. The cost of the add-on will vary from insurer to insurer, but the cost is usually around two percent of the Insured Declared Value (IDV) of the car or around 7 to 10 per cent of your primary auto insurance premium amount. But considering the benefits, these additional costs shouldn’t be a deterrent.

Roadside Assistance Cover: Don’t get stranded when the heavens open up!

You never know what can happen during the rains. Though we don’t want it to ever happen to you, but just imagine what if your car stalls in the middle of the road. Whom will you call in the middle of the chaos, to ensure that the car is taken across to the nearest garage?

And that’s where having a roadside assistance cover can come extremely handy! If you have opted for this add-on cover, the insurance company's vendors will come to your rescue in case something happens to the car and take it to the nearest garage. It saves you a lot of bother and doesn’t cost the earth: just a few hundred rupees!

When it comes to the rains, make sensible decisions in your car’s best interest. Don’t allow the monsoons to dampen your spirits.