What Is Conveyance Benefit Add-On Cover In Car Insurance?

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What Is Conveyance Benefit Add-On Cover In Car Insurance

With a Daily Conveyance Benefit, an optional coverage, the insurer will pay the policyholder’s transportation expenses incurred during the repair period because the insured vehicle was unavailable. When the insured vehicle is involved in an accident, the benefit can be beneficial because the add-on coverage will continue to provide connectivity and assist in easing the financial burden that results from it.

To be eligible for the benefits of daily conveyance car insurance add-ons, the damage or accidental loss claim submitted to the insurer must be accepted under the Own Damage section of the car insurance policy. Claims are subject to terms and conditions set forth under the car insurance policy. *

How Important Is Daily Conveyance Benefit As An Add-On Cover?

When the value of an add-on cover is questioned, it’s essential to remember that sometimes the cost of repairing the insured vehicle’s damages may include several other fees, like making travel arrangements daily. 

In these situations, having the daily conveyance add-on cover is helpful because it means that the insurer will provide a conveyance allowance. The insured vehicle’s damage is being repaired in the network garage concurrently.*

Claims are subject to terms and conditions set forth under the car insurance policy.

What Is Covered By The Daily Conveyance Add-On Cover For Car Insurance?

  • Receive A Daily Fixed Allowance

In the event of theft, burglary, or accidental loss of the vehicle’s key during the policy period, this car insurance cover allows you to receive a daily fixed allowance so that you can commute to and from work and commit other errands for which you used to take your car. The policyholder must report the theft or burglary to the police as soon as possible, preferably within three days of the incident. *

  • A Back-Up Vehicle For Your Transport

While the damage is being repaired, you may be given a substitute vehicle for your daily commute. *

  • Coupons From Reputable Taxi Companies

Receiving vouchers from taxi companies in the amount of the daily fixed allowance is an additional benefit. *

Claims are subject to terms and conditions set forth under the car insurance policy.

In addition to those noted in the car insurance policy, the Daily Conveyance Benefit add-on cover has additional exclusions. Here is a list of them:

  • If the policyholder and the person listed in the policy schedule chose time excess, the insurer would not consider any claims. 
  • The insurer is not responsible for paying any claims if the comprehensive car insurance policy is invalid. 
  • A claim will only be considered if the approved repair facility fixes the damage. *
  • It won’t accept claims for loss or damage brought on by riots, strikes, or acts of God. 
  • The insurer is not responsible for covering operating expenses if a standby vehicle is provided. 
  • Car insurance does not cover claims for windshield or glass damage. 
  • Any loss reported or covered by another insurance policy is not covered. 
  • The insurer will not consider the extra time the network garage needs to spend fixing existing damage to the insured vehicle.*

Please refer to your policy wordings and carry out additional research to know more.

Claims are subject to terms and conditions set forth under the car insurance policy. 

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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