Edelweiss Car Insurance Add-On Covers Explained

Car insurance policies are purchased by every other individual as they are mandatory and it offers us financial support in case of a mishap. Buying a standard and comprehensive car insurance policy is what everyone does, but you can make your insurance policy better and effective by including the add-ons. You can customize your policy by choosing the necessary add-ons for your car.

Something that makes the insurance policies more desirable is the benefits of the add-ons offered by the company. The range of add-on covers differs from one company to the other. These add-ons are meant to give the policyholders more benefits at an affordable price. One of the well-known insurance firms is Edelweiss Car insurance, which offers a wide range of add-ons to their customers with effective features. 

Important Edelweiss Car Insurance Add-On Covers 

Sometimes a well-comprehensive car insurance plan may not suffice the needs of your coverage and therefore, to complete the demands of the customers’ add-ons are offered at a negotiable price. Let us look at some of the best add-ons by Edelweiss Car Insurance company:

• Engine Protect 

In a standard policy package, the wear and tear of mechanical or electrical parts are not included but can be included with the help of an engine protect add-on in your existing policy. In a policy period, only 1 claim is applicable, where the company pays for the labor or manual charges also, that are incurred during the repair. 

• NCB Protect

A No Claim Bonus protect add-on helps in retaining the NCB discount even after filing two claims in the policy period. In this, the policy must be renewed within 3 months of the date of expiry to enjoy all the benefits of the cover.

You may also like to read:- Importance Of Add-On Covers In Car Insurance

• Depreciation Protect 

A zero depreciation add-on waives off the liabilities of depreciation from the insured, as a result of which the policyholder gets higher claim amounts. It is recommended to get the damaged car repaired in the authorized garage to avail maximum benefits, as the company deducts 10% claim amount on vehicles repaired in non-authorized garages.

• Key And Lock Protect 

Under this policy, the company will pay the expense of the repair of the key/lock in case of damage or loss. The policyholder must lodge an FIR within 48 hours regarding the event of loss/damage of key/lock to avail of all the benefits. 

• Invoice Value Protect 

Along with the additional premium, the company will also pay the full listed showroom price of the vehicle irrespective of the IDV mentioned in the documents. This cover is applicable only in cases of a constructive total loss, total loss or theft of the vehicle. The vehicle must be up to 3 years of age.  

• Mandatory Deduction Protect 

Purchase of this add-on will make sure that the company waives off the mandatory deductibles stated in the policy. It is available for cars with an age of 5 years or less and can be claimed only once in the entire period of the policy. 

• Consumable Expenses Protect 

Under this policy cover, the company will indemnify the cost of repair or replacement of damaged consumables in case the vehicle gets damaged in an accident or any other cause mentioned in the policy. 

• Roadside Assistance 

Against the payment of additional premiums, the company will pay Roadside Assistance (RSA) in cases of a flat tyre, dead battery, misplaced keys, contaminated or shortage of fuel, mechanical or electrical breakdown, accident or mishap leading to immobilization of the car.  

• Personal Belonging Protect 

If the policyholders or their family members suffer loss or damage to their personal belongings due to the insured events, then the company will make the payments for the loss. 

Conclusion 

Add-ons are extra benefits that a policyholder can avail at a good price, therefore, you must always go through the add-ons offered by different companies. You can add the extra facilities to your existing standard insurance policy using these add-ons. 

Also read 

List of The Best Car Insurance Add-On Covers

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.