Importance Of Add-On Covers In Car Insurance

Although most of us are satisfied with our Comprehensive Car Insurance, most of us are unaware of the additional benefits that can be "Added on" to your standard Comprehensive Car Insurance as well as to Standalone Own-Damage Car Insurance Plans.

Car insurance add-ons are extra coverages which enhance the standard coverage of your car against the payment of a nominal premium. These covers also help you customise the plan as per your requirements.

Importance Of Add-On Covers In Car Insurance

Here are the 5 add-on covers that will help you get more out of your auto insurance:

• Add-On Cover With No Depreciation

It is a popular add-on coverage offered by auto insurance providers. It ensures that policyholders receive a full reimbursement for car repairs incurred as a result of an accident. The zero depreciation coverage is normally available for new vehicles or until the vehicle reaches the age of three years.

• Add-On Coverage For Personal Accidents

This optional coverage is also very important because it can be purchased for both the vehicle owner and the employed driver. If this add-on coverage is purchased for a car driven by the owner, the nominee is entitled to a 100 percent claim in the event of death.

• Add-On Coverage For Roadside Assistance

This is an essential add-on cover that is available for a low price. It offers policyholders immediate assistance in the event of a car breakdown or an accident. With this add-on, the insurer only needs to call the car insurance company's helpline number and they will be immediately helped for assistance.

• Engine Cover

This add-on cover is perfect for vehicle owners who live in areas where there is a lot of rain. This is because water-logging makes a vehicle's engine more susceptible to damage during the monsoon. Damage to the hydro-static lock is a leading cause of engine failure, which is most often caused by repeatedly running a wet engine. The cost of engine repair is not covered by a standard motor insurance policy, so car owners can save a significant amount of money by purchasing this coverage. However, policyholders should be aware that this coverage will be void if the car has not been driven in accordance with the Motor Vehicle Act's rules and regulations.

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Conclusion

Policyholders have a variety of add-on cover options from which to choose based on their needs and budget. Policyholders must, however, make informed decisions about which add-on covers would be useful and advantageous to them in the event of a crisis.

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.