You can negotiate on the policy premium amount with the car insurance company at policy renewal. Waterlogging is quite common in flood-prone areas. Therefore, invest in a good engine protection cover for financial safety. In case of any emergency needs, you won't have to pay for expenses out of your pocket and get proper claim protection in case of monsoon-related cases.
Read More On: How to Negotiate Lower Premium During Policy Renewal
How Will Engine Protection Cover Help in Flood-Prone Areas?
If you're living in a flood-prone area, your car is at a huge risk of damage. Why? Engine failure due to floodwater. Once the engine is damaged, you will have to spend a significant amount on repairs. Therefore, to avoid such scenarios, it is advisable to get engine protection cover in car insurance.
Here are some of the key ways in which the engine protect in car insurance will help you:
1. Financially Covers the Most Expensive Part of the Car
The engine is one of the most expensive parts of your car. Damage to the engine caused by flood water is not covered under standard car insurance. Not having an add-on coverage means you'll have to pay for it. However, if you have the add-on cover, your car insurance cover will pay for it. You can get the repair done immediately, preventing the risk of any further damage.
2. Enhances the Longevity of Your Car
Your car's engine is no less than its heart. It is crucial for the proper functioning of a car. If the engine is damaged and not repaired in time, it will prevent the car from functioning properly. With the engine protection cover, you'll be able to pay for the repair on time. This ensures that your car will run smoothly for years to come.
3. A Good Financial Aid for Car Owners
If you're a new car owner, you need to properly protect your car. Any damage caused by flooding can hamper its longevity. For this reason, you should get the coverage. If you have bought car insurance online with engine protection, the damage cost will be covered, no matter the amount. It is crucial for first time car owners to understand more about car
insurance to avail the benefits.
Read More On: Engine Failure Coverage in Car Insurance
What Aspects Will Engine Protection Offer?
The engine protection cover not only helps with flood-related damage but also with many other issues. It will offer protection against any expenses due to the following:
1. Gearbox Damage:
Your engine's gearbox can be damaged, resulting in high repair costs. The engine protection cover will help reduce the cost of gearbox repairs or replacements.
2. Car Engine Parts:
With the add-on cover, you get financial aid for replacing or repairing engine parts, such as connecting rods or the crankshaft.
3. Hydrostatic Lock Damage:
Flood water can damage the car's hydrostatic lock. Therefore, getting add-on cover will help repair this damage without any additional cost to your pocket.
4. Undercarriage:
Any damage to the undercarriage is covered under the car insurance add-ons.
5. Lubricant Oil Leakage:
If the lubricant oil of your vehicle keeps leaking, the damage will be prominent. Therefore, you'll need to fix the car engine immediately. In such situations, you should get protection cover, as it provides financial aid for repairs.
Does Engine Protection Cover Apply to Third-Party Damage?
No, engine protection cover only covers the engine and gearbox of the insured car. It does not cover claims of third-party liability.
Mandatory third-party car insurance covers third-party liability. The engine protection add-on is part of the own-damage section of a full coverage insurance and only covers the insured car.
For claims of third-party property loss or injury, the third-party policy section applies separately.
Expert Note
This information is based on standard motor insurance guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI) and commonly followed industry practices. Policy coverage and conditions may vary by insurer.
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