Consumables Cover Add On in Commercial Vehicle Insurance

The consumables cover add-on in commercial vehicle insurance ensures that the insurance company reimburses the policyholder for the consumables incurred in the insured vehicle. You can avail this add-on by paying an additional amount as premium.  

The details of the cover are given below.

It is important to mention here that consumable cover add-on is provided for all three types of vehicles falling under the category of commercial vehicles.

Note: Consumables Cover Add On for Commercial Vehicles is filed as Digit Commercial Vehicles Package Policy - Consumables Cover - with Insurance Regulatory and Development Authority of India (IRDAI) with UIN numbers IRDAN158RP0002V01201819/A0042V01201920 (Passenger Carrying Vehicles), IRDAN158RP0001V01201819/A0034V01201920 (Goods Carrying Vehicles), and IRDAN158RP0003V01201819/A0051V01201920 (Miscellaneous and Special Vehicles). 

In addition to the usual exclusions listed under Vehicle Insurance (Base Policy), we will not be liable to pay any claim under this cover in the following situations: 

• No claim will be entertained if the vehicle insurance policy is not valid. 
• Where the own damage claim made by you under the vehicle insurance policy is not payable/accepted, the insurance company is not liable to make the payment.
• Claims made for total loss or constructive total loss of the insured vehicle are not paid by the insurance company.
• A claim filed for a loss that is covered under another type of insurance policy/cover.
• No claim will be registered if the insurance company is not given an opportunity to inspect the damage/loss before repairs are commenced.
• Claim for consumables relating to any part/sub-part/accessory not approved for replacement under the vehicle insurance policy.
• If the loss is reported after 30 days of the incident, the insurance company is not liable to pay the claim. However, at their discretion, they may waive the delay in claim notification based on the merits of the delay, as provided in writing by you. 

Disclaimer - This article is for informational purposes only, collected from the internet and in relation to Digit's policy wordings document. Please carefully review your policy documents for detailed coverage, exclusions, and conditions regarding the Digit Commercial Vehicle Package Policy - Consumables Cover (UINs: IRDAN158RP0002V01201819/A0042V01201920, IRDAN158RP0001V01201819/A0034V01201920, and IRDAN158RP0003V01201819/A0051V01201920).