Road accidents have been increasing in number in the last few years. It is important to secure your car journey by following all the traffic norms and legal mandates, including buying a car insurance policy. In case you didn’t know, car insurance covering third-party liabilities is mandatory as per the Motor Vehicles Act, 1988. One can increase their protection level and the scope of their coverage by opting for a comprehensive policy and selecting some add-ons as well. Wondering which add-ons may be suitable for you? Let us give you some suggestions.
Zero depreciation add-on
As your car ages, it undergoes gradual wear and tear. This is referred to as depreciation. Generally, depreciation is not considered a form of damage that can be covered by a policy. In fact, when you raise a claim with the insurer, they will deduct the depreciation value from the claim amount before providing you with financial compensation. Over time, as the depreciation value of your car increases, the claim amounts keep decreasing.
You can avoid this by opting for the zero-depreciation add-on with your car insurance policy. With this rider, the insurer provides you with the full claim amount without consideration of the depreciation amount. *
24X7 Roadside assistance cover
If you are ever stuck in an isolated place with your car broken down and no repair shop nearby, then you can reach out to your insurer with the aid of this add-on. The insurer will send a representative who will assist you in getting your car to the nearest car repair shop and even ensure that you are taken care of until the car gets repaired completely. *
If you are the sort of person who has added a list of accessories to decorate their car or increase its productivity, then this add-on is a must for you. Items and modifications such as Bluetooth devices, fancy lights, a seat kit, and so on, can be covered under this add-on. If you have added any such modification during the policy duration, then remember to inform the insurer during the car insurance renewal process. *
PA cover for passengers
The standard personal accident (PA) insurance coverage, also mandatory as per the Indian Motor Tariff, usually covers the owner-driver only in the event of disability or death. However, if you use the car extensively to travel with your family or other loved ones, then it is prudent to opt for a PA cover for passengers as well. This add-on will provide relief from the financial consequences of an unfortunate accident involving the covered passenger. *
Engine protection cover
Give protection to the heart of your car with the engine protection cover. In case the engine suffers from oil leakage, gearbox damage, water ingression, damage to its internal parts, and so on, the engine protection cover will provide adequate financial compensation. *
* Standard T&C Apply
A car insurance calculator can help estimate the approximate figure of the premium that you will incur when you opt for these add-ons with your policy. 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.