Best Add-ons To Make Most Out Of Your Car Insurance
Most car owners consider car insurance as a recurring annual expense. But the benefits of car insurance are only realized by the insured when the vehicle meets with an accident. Insurance companies today offer a variety of add-on covers that can boost your car insurance.
A car insurance add-on is an additional cover which can be selected with a comprehensive car insurance policy as well as with a standalone own-damage plan to strengthen the coverage and protection provided by a basic car insurance policy. The availability of car insurance add-ons differs from insurer to insurer. To select the best add-on cover for your vehicle it is essential for you to know some vital add-on covers which should be selected for the total protection of your car.
Types of Car Insurance Add-ons
Several car insurance add-on covers are there, some of the most popular ones offered by most of the insurance companies are mentioned below:
- Consumables Cover
It offers coverage for consumable elements such as air conditioner’s gas, grease, bearings, lubricants clip, engine oil, fuel filter, brake oil, filter, washers, nut and bolt, screw, etc, which are not covered in the standard policy.
It is one of the most popular auto insurance add-ons which ensure policyholders get full claim of the repair cost of the vehicle that is incurred because of an accident. This cover is usually provided to new vehicles or till the car is three-year old. This add-on cover proves advantageous for the policyholders, as they are able to get a complete claim without any thought of the depreciation factor of parts that are replaced after an accident.
- Roadside Assistance Cover
This add-on cover guarantees assistance services in case the insured vehicle stops working. The services comprise on-site repair services, towing to the adjoining garage, changing flat tyres, assistance in case of loss of keys, fuel delivery, etc.
- Daily Cash Allowance
This is one of the most beneficial add-on covers, particularly for those staying under budgetary limitations. As per this cover, the insurance company offers the insured with a financial allowance for covering the everyday transportation expenses, in case the car has to stay in the garage for a few days for repair.
- Medical Expenses Cover
In case of an accident it is likely that the passengers within the car can be a victim of injuries and casualties which necessitate instant medical attention. An insurer offers medical expenses cover, which compensates the medical expenditures incurred on the treatment of travellers.
- Engine Cover
This add-on cover is suggested to vehicle-owners, who stay in areas that get heavy rainfall. A vehicle’s engine is more susceptible to damage in monsoon because of water logging. Damage in the hydro-static lock is the main cause of engine failure that occurs when a moist engine is operated. By opting this add-on, car owners can save a lot of money.
Conclusion
A car insurance company will offer policyholders a vast range of add-on cover choices, which they can choose as per their necessities and budget. But, policyholders need to choose for the right add-on covers wisely that will ultimately prove beneficial and advantageous to them during the time of emergency. Moreover, it should boost the car insurance plan as well.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
