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Zee Exclusive: How your motor insurance can cover you in case of natural calamity like Bengaluru floods, says Ashwini Dubey of Policybazaar

The recent floods in Bengaluru due to incessant heavy rains have thrown life out of gear in the city. The rains and the resulting floods have not only caused damage to properties and lives, it has also adversely affected the condition of vehicles, many of which have been completely submerged in basements and on roads.

Ashwini Dubey, Head – Motor Insurance Renewal, Policybazaar.com in an exclusive conversation with Reema Sharma of Zee News On the importance of having a back up or cushion against a natural calamity like the Bengaluru floods, he said, “While it may be the scene of Bengaluru this year, it is not uncommon to see such places in Delhi-NCR or Mumbai in recent years. In fact, Recently, such incidents come to the fore every year during monsoons.”

“Also, such extreme weather events are no longer confined to the monsoon. In the last four years, India has witnessed eight cyclones, causing a large number of casualties and causing considerable damage to public and private property, including motor vehicles.

Dubey said that generally low visibility amid rain increases the chances of road accidents as well as the chances of vehicle breakdown, which indirectly leads to higher maintenance cost.

He said that to better protect your vehicle, you should invest in a comprehensive motor insurance policy that will protect you and your vehicle during such times.

Ashwini Dubey mentions the following to keep in mind how your motor insurance can cover you in case of natural calamity

Comprehensive Policy:

A comprehensive vehicle insurance policy protects you from heavy expenses due to damage to the vehicle. The damage can be caused by an accident, or even due to natural disasters such as earthquakes, landslides, or in this case incessant rains and cyclones. The vehicle insurance policy covers the cost of repairing damages and replacing parts. Hence in times where extreme monsoon conditions are quite common, it is important to have a comprehensive motor insurance policy.

While a comprehensive car insurance policy covers most repair costs if your vehicle is damaged in a car accident or natural disaster, there are certain costs that are not covered. For example, most policies exclude fluid damage to the engine as well as replacement of consumables such as lubricants, engine oil, gearboxes, nuts and bolts, etc. However, don’t worry, you can enhance your insurance cover by using carefully selected add-on covers. Make sure your vehicle is completely protected.

engine protection cover

As the name suggests, this add-on rider covers the cost of repairing the engine of the car in case of damage due to liquid ingress, which is not otherwise covered in the regular policy. It also covers the cost of replacement of damaged engine parts. This cover is important when it comes to protecting your vehicle in natural calamities like floods as water entering the vehicle can damage the engine, especially if the vehicle is submerged in water for a long period of time. This add-on cover also protects your vehicle in case of a hydrostatic lock, which can kick in when water seeps inside the car’s air valve, blocking the engine.

consumable cover

As mentioned earlier, a regular motor insurance policy does not cover the cost of consumables. However, a vehicle submerged in water for an extended period will require extensive repairs including replacement of lubricant, engine oil, gearbox, etc. It can add up to a lot. By choosing a consumables cover with your comprehensive auto insurance plan, you can ensure that these costs are also covered under your policy.

ncb protection cover

Claiming it will mean that you will forfeit the No-Claim Bonus (NCB) accumulated over the years by driving safely. And it will happen through no fault of your own if your vehicle gets damaged due to water-logging. By opting for NCB protection cover, you can ensure that the NCB exemption remains intact even after the insurance claim is filed.

In any case, if your vehicle is flooded or submerged in water, make sure you contact your insurer immediately. In this case, you should not try to start the car. Get it inspected, assess the damage, and get it repaired before putting the key in. And as far as repair costs go, if you get the right coverage, this is something you don’t have to worry about.

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