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Nitin Dev | The cost of maintenance and repair of vehicles often increases during the monsoon season. To reduce these expenses, you can consider some suggestions. First of all, make sure to get a comprehensive insurance cover with adequate add-on covers, which provides protection against accidental damages and floods. Thereafter, get regular checkups and servicing done especially before the onset of rainy season and make proper vehicle maintenance a priority. Make sure that the tires are properly inflated and have sufficient tread to minimize the risk of skidding and other accidents on wet surfaces. Also, check windshield wipers, brake performance, battery condition, vehicle lights, and electrical connections. This protective approach will help identify and correct potential problems in time.
Take care while driving
Also, be careful while driving, as rain will reduce visibility, windows can fog up, and roads can be slippery. Avoid over speeding while driving on the expressway in rain as there may be a layer of water between the road surface and the tyres, which will lead to non-functioning of the steering and brakes. Ensure sufficient distance from the vehicle in front to meet the need for more braking distance due to slippery surfaces or wet brakes. Driving on waterlogged roads can result in vehicle malfunctions, such as engine shutdown. In such a case, do not attempt to restart the stopped engine, but tow it to the nearest dealer for a thorough checkup.
Why is a comprehensive policy necessary?
Investing in insurance is a far-sighted decision. While insurance may incur an additional cost, it also provides peace of mind and protection against the unforeseen. Comprehensive policies can provide protection against third-party liabilities and loss, or damage caused to the insured car due to accident, fire, theft, and natural calamities.
In case of damage due to an accident, the depreciation in the policy is deducted before the claim is paid. For example, the rate of depreciation for plastic parts will be 50%, while for fiberglass it will be 30% and for glass it will be 0%.
The rate of depreciation for all other parts is related to the age of the car. Cars older than six months to one year are five percent and cars older than ten years are half the rate.
Advantages of a zero-depreciation add-on
Zero-depreciation add-on ensures that the parts get real value. Apart from this, oil, nuts and bolts will be paid for on buying consumable add-ons. Thus, these add-ons will pay for all damages to the car minus the deductibles.
Importance of Engine Protection Cover
If you must travel on waterlogged roads, an engine protection cover will help. Many policyholders think that claims for damage caused by water entering their engine will also be accepted. But this does not happen, unless you have taken an engine protection add-on.
Motor insurance is an important investment for vehicle owners. By implementing these precautionary measures and making use of the coverage options available in your motor insurance policy, you can significantly reduce the high cost of vehicle maintenance and repairs during the rainy season. A thorough review of your policy terms, an understanding of the protection options available to you, and a proactive approach to vehicle maintenance are essential. With the right motor insurance policy and proper care of your vehicle, you will be able to face the challenges during monsoon with full confidence and you will get the opportunity to enjoy peace of mind as well as financial security.
(The author is Chief Technical Officer (Underwriting, Claims & Reinsurance), Zuno General Insurance Ltd. Views expressed are personal.)
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