Consumables Add On Cover In Bike Insurance And Its Benefits

When you are purchasing a bike insurance policy, it is imperative to consider all kinds of situations that you will need coverage. A standard comprehensive bike insurance policy provides financial assistance to repair any damage sustained by your bike in case of events other than collision and to compensate for the loss of the third party. However, it does not provide any coverage for the consumable items of your bike. Thus, you should consider purchasing a consumables cover for your bike insurance policy. 

What Is A Consumables Cover For Bike Insurance? 

Insurance companies offer facilities over the standard insurance policies to enable extra coverage. These facilities are offered in the form of additional covers or add ons which can be added to your standard bike insurance policy. Consumables cover is one such very vital cover for your bike insurance. 

Vehicle consumables are nothing but the parts of the insured bike that cannot be used any further due to extensive damage or wear and tear. These parts are usually not covered by your comprehensive insurance policy. These could include items such as engine oil, nuts, bolts, lubricants, screws, grease, etc. Since these items are not covered by your standard comprehensive bike insurance policy, you will have to pay for the repair or replacement of these items at the time of servicing or repair even in network garages. Thus, purchasing a consumable cover for your bike insurance policy will help you remain truly covered. 

What Are The Benefits of Purchasing A Consumables Cover? 

Additional covers for bike insurance provide the required extra coverage that is not provided by a standard comprehensive insurance policy and helps you remain financially safe in case of any unpredictable accident. Having a bike insurance that provides the required coverage gives you peace of mind while riding your bike. It also helps you financially in case of any accidents which are stressful situations. Even if a bike's consumable parts do not cost much individually, they add up to a considerable expense when you are getting your bike fixed. The following are the benefits of purchasing the consumables cover for your bike insurance policy- 

1. Provides wider coverage by including the coverage for the consumable parts of the bike. 
2. Having your bike covered in all possible ways takes off the financial burden in case of any misfortune event that results in damaging your bike. 
3. Provides the required coverage for the engine and gearbox which are considerably expensive when it comes to replacing or repairing them. 
4. You can go truly cashless when you repair your bike at your nearest network garage. Your bill will be settled by your insurance provider without you having to pay for any repairs from your pocket. 

What Does The Consumables Add-On Cover? 

Different insurance companies define the coverage of the consumables cover in different terms. However, the consumables cover generally provides coverage for the consumable parts of the bike. The following are a few general parts that are covered in the consumables add on cover in your bike insurance- 

1. Provides cover for the engine oil and the gearbox oil. 
2. The minute parts such as nuts, bolts, bearing, clips and screws are also covered under this add on. 
3. The cover also provides financial coverage for lubricants, and grease, of the bike. 
4. The other consumable parts covered by the consumable cover are oil filters, distilled water, and brake oil. 

Take Away

Having a bike insurance policy has become more than just a legal requirement today. With the increase in the number of vehicles on the road, road accidents and traffic have become very high. Accidents are always unpredictable. Thus, it is wise to purchase a bike insurance policy that offers optimal coverage. 

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.