You may have heard numerous times that a car insurance cover is one of the mandatory requirements alongside its registration. It isn’t only important to purchase the right car, but also ensure its insurance coverage is adequate. Hence, besides complying the law with the minimum insurance coverage using a third-party policy, you can opt for a comprehensive insurance policy.
Comprehensive car insurance plans offer far more coverage than a third-party plan. Right from providing for the damages to your car, it extends to cover natural calamities, man made perils, thefts and vandalism. This ensures a 360-degree coverage for your car. But even such comprehensive plan might not be sufficient for some. If you are one such person who wants even more coverage for their car, add-ons are the way to go.
What are add-ons covers?
Add-ons covers are optional coverage that can be purchased alongside a comprehensive car policy or a standalone own-damage plans. With these, you can enhance the policy’s scope to include all those events that are otherwise not covered or are a limitation of comprehensive coverage. Thus, enabling to enhance the scope of a standard policy to all policyholders on a voluntary basis.
Since these add-ons are an optional feature and not compulsory, they are priced separately and when bought, increase the premiums. When opting for one, you can make use of a car insurance calculator that helps assess its impact on the car insurance prices.
Let’s look at some of the useful add-ons to your car insurance policy and how they enhance its scope:
Zero-depreciation cover
One of the most sought-after insurance covers is a zero-depreciation add-on. With this add-on, claims made in your car insurance policies are honoured without accounting for depreciation. Depreciation, in your insurance policy, otherwise is a significant component that lowers the pay-out. Thus, using a zero-depreciation cover, the compensation offered for the repair costs increase substantially. While depreciation plans are offered for new vehicles, older cars up to five years can also buy a comprehensive cover with zero-depreciation add-on.*
24X7 Roadside assistance cover
24X7 roadside assistance or popularly known as RSA cover is must-have add-on if you take your car on long road trips. With an RSA equipped car insurance policy, you need not worry about fixing a broken car when you are stranded in the middle of the road. Not just road-trips, this add-on cover also comes handy for older cars and during monsoon when breakdowns are common due to pouring rains and waterlogging.*
Engine protection cover
An engine protection cover is one add-on that no buyer should miss, for the benefits it offers are far greater than its cost. Repairs to the engine, the most critical component of your car, can mean burning a hole in your wallet. During rains when waterflooding is a common sight in the urban jungles, water ingression takes place that often result in hydrostatic lock to the engine. These repairs are covered under an engine protection add-on helping your alleviate financial stress when it comes to its repairs.*
* Standard T&C Apply
These are some of the add-ons that add a significant value in your insurance coverage. Thus, make sure to check, amend, and even add necessary add-ons during the car insurance renewal online to ensure a comprehensive and continued for each policy period. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.
