5 Benefits of Buying Engine Protection Cover in Car Insurance

by Kotak General Insurance Insurance Consultant

Having car insurance is a crucial part when you own a car in India. It is not only necessary but also required by law. According to the Motor Vehicle (Amendment) Act, 2019, every car owner must have at least a third-party liability insurance cover. However, in addition comprehensive car insurance ensures better safety with a wide range of benefits.

A comprehensive car insurance policy is a type of car insurance policy that covers damages to the car along with third-party damages arising out of the insured car, providing an all-around safety to the insured vehicle from any unexpected loss or damages.

But sometimes to enhance the benefit of comprehensive insurance and provide the vehicle with specific and extra protection, you can purchase car insurance add-on covers. For example, an Engine Protection Cover since the engine is one of the most vital parts of a car, and if the engine is in bad condition, the vehicle cannot function properly. Hence, it is essential to always keep your car engine in excellent condition.

The engine protection add-on covers the consequential loss to engine and gear box parts because of water ingression and oil leakage due to accidental undercarriage. It also compensates you for the replacement or repair of your car’s engine or parts.

Let us look at the benefits of buying Engine Protection Cover in car insurance:

1. Provides comprehensive coverage to the engine:

One of the main and most crucial benefits of this cover is that it covers one of the most expensive parts of the car - the engine.

Repairing or replacing an engine can be very expensive and put you out of your budget. But, once you include an engine protection add-on cover to your car insurance policy, it will take care of all the repair and replacement work of your car’s engine.

2. Provides financial Assistance:

The repair or replacement of car engine parts such as gearbox, cylinder, pistons, etc., can be on the expensive side and your basic car insurance plan may not bear the cost of repairs. However, with an engine protection add-on cover, your insurer will cover the repair cost for the car engine or replacement of its parts, which may provide you with much needed financial support.

3. Best protection during monsoon:

The issue of waterlogging during monsoon is common everywhere, especially in flood-prone areas. This increases the chances of water ingression, leakage of lubricant oil, damage to the hydrostatic lock etc., ultimately causing damage to the car engine. The engine protection add-on cover offers the best support in such times by covering the repair cost for the car engine or replacement of its parts.

4. Increases car's life:

In order to increase the lifecycle of a car, you must take care of one of its most vital parts, which is the engine. To guarantee the longevity of the car, it must have a seamlessly functioning engine.

If the damaged engine is not replaced or repaired on time due to financial difficulty, then your car may not function well and eventually break down. Therefore, this add-on covers the repair of the engine, to ensure the smooth functioning and longevity of your car.

5. Beneficial to the new car owners:

Buying a car is an expensive investment, and if the engine of your new car gets damaged due to reasons other than an accident, the cost of repairing the same may put a massive financial strain on your savings. However, if you have purchased an engine protection add-on cover, along with your basic car insurance policy, the insurer will cover or compensate the engine repairs or replacement cost.

The above benefits of buying engine protection cover in car insurance will help you make an informed decision about the essential add-on covers you can add to your car insurance policy to increase the protection for your car.

For more information, visit the Kotak General Insurance website.