Outlook Money
It's always advisable to choose and have a comprehensive insurance car policy rather than just the mandatory third-party coverage.
Ad on coverage on cars is important as policies often do not provide sufficient coverage in excessive rainfall/flood scenario. Standard plans often don't cover costs related to water ingress, engine damage, or hydrostatic locks.
Engine Protection Cover: This add-on protects engine from liquid damage due to water ingress, which is not covered under a regular policy. It also covers engine breakdowns and hydrostatic locks. As it covers damages related to water, it is therefore a suitable add on for monsoon.
Extended exposure to water damages lubricants, engine oil, and the gearbox. Since these damages are not covered in standard policies, opting for a consumables cover is wise.
This covers an end-to-end cover to the car and should be taken with the other recommended add-ons.
Policyholders should always opt for Add Ons that can protect the cars in floods related damages. Roadside assistance cover (RSA) includes benefits such as towing services, fuel delivery, battery jump-starts, and assistance with minor mechanical repairs for cars stranded in floods.
Compiled by Syed Muskan