A vehicle is one of the great inventions that make everyday life easier. Whether as a means of daily transport to work or to convey goods, it sure does help big time. And what’s a better way of protecting an investment such as this? The answer is simple: Car insurance.
But with so many options the market has to offer, is it enough to purchase a basic car insurance policy? Or should you consider having add-ons?
Car insurance protects vehicles from theft, vandalism, and acts of nature like hurricane and flood. But like humans, we care for the inside as well: the engine. In cars, the engine is its heart and it’s probably the most expensive part in terms of repairs. Fortunately for policyholders, engine protection add-on is made available.
So, who should purchase a rider for engine protection?
- Vehicle owners living in flood-prone areas
- Vehicle owners working near bodies of water
- Vehicle owners with high-end cars
- Vehicle owners avoiding financial risks
But, what good does engine protection provide?
- Covers repair expenses related to lubricating oil leakage
- Covers repair expenses as a result of water ingression
- Covers repair expenses linked to gearbox malfunction
- Covers expenses for hydrostatic locks
Coverage provided by engine protection rider varies from one insurance company to another. Make sure to read the policy’s fine print before agreeing to the terms and conditions. It won’t hurt asking your agent when something isn’t clear.
Like any other basic policy, engine protection add-on also has its own set of exclusions. They are:
- Damages caused by force starting the vehicle while it is still submerged in water
- Damages that resulted from driving a vehicle with the damaged bonnet
The above-mentioned scenarios are examples of consequential damages that are not to be covered by the rider. Additionally, keep in mind that for every add-on, only once claim is to be honored. And to have the engine protection rider, a vehicle must be five years old or less.