Know about Engine Protection Cover in Car Insurance
Many states in India are seeing heavy rainfall these days due to cyclones in the oceans. These rains are creating floods which in turn are damaging the properties and are resulting in the death of people across India.
Due to rapid urbanisation there has been unprecedented growth of new colonies in the big cities. Some of these colonies are established on the banks of rivers or lakes which resulted in the submersion of these colonies in the water at times of even normal rainfall.
Flood water when it enters the houses or apartments damages the properties and causes huge loss to the families.
People owing vehicles such as Cars or Bikes face a hug loss caused by the flood water. They need to shell out heavy amount of money for the repairs. To safeguard their interests insurance companies have launched Engine protection add-on which can be taken while purchasing the policy.
What is Engine Protection Cover?
Motor insurance policy covers the accidental damages to the vehicle at the time of claim. As per the policy wordings damage to engine is covered only if the vehicle is damaged simultaneously.
In case of floods or engine lock which happens only to the engine, basic insurance policy doesn’t cover the claims. Due to this Engine protection cover is added as an add-on.
This add-on covers the damage to the engine and gear box due to Water Ingression at the time of floods and Hydrostatic lock.
During rainy season, roads and houses are water logged. Driving vehicles in these situations can cause damage to the engine due to the above mentioned reasons.
How it works?
Engine protection cover is an add-on offered by the insurance companies. It should be taken at the time of policy issuance and cannot be taken after the policy commences.
In the course of driving if the insured faces any issue with the engine due to water ingression or leakage of oil which results in the damage of engine, insured need to file for claim under the Engine protection cover.
Why it should be taken?
- Engine is the costliest part of the vehicle
- Only damage to Engine is not covered under basic comprehensive policy
- More coverage at fewer premiums.