Your car is not just a vehicle, but your hard-earned money and daily need. Therefore, when you get car insurance, just taking the basic policy is not enough. Road uncertainties, expensive parts, floods, accidents or breakdowns can occur at any time. In such a situation, by choosing the right add-ons while taking car insurance, you can get mental peace along with security of your money.
These add-ons save you from depreciation deductions, extra expenses and emergencies at the time of claim. These covers prove to be very useful especially for users with new cars or those who drive a lot. A little extra premium is charged, but lakhs of rupees are saved in case of claim. Choose these add-ons keeping in mind your driving habits, age of the car and the region. With this, your car will be completely safe and you will be able to drive without any worries. Let us know about 5 such important add-ons.
1. Zero Depreciation Cover
This is the most popular and essential add-on. In a normal claim, the insurance company deducts depreciation based on the age of the parts, due to which the claim amount reduces significantly. With zero depreciation cover, you get the full value and there is no deduction. This is especially beneficial for cars less than 5 years old.
The company bears the entire cost of repairing bumpers, panels or other expensive parts in case of accident or damage. This keeps your financial loss minimal. The premium seems a little high but it proves to be an investment in the long run. Every car owner should give this priority.
2. Roadside Assistance
Emergencies like breakdown, puncture, battery down or running out of fuel can occur at any time on the road. This add-on provides 24×7 support which includes towing, tire change, jump start, fuel delivery and lockout service. This is a life saver especially for those traveling on highways or remote areas. Many companies offer a limited number of free services. Be sure to keep this information in mind while purchasing an add-on.
3. Engine Protection Cover
The engine is the most expensive and important part of the car. Problems like water logging, oil leakage or hydrostatic lock are not covered by the normal policy. This add-on covers the cost of repair or replacement of the engine, gearbox and related parts. Mandatory for those driving in flooded areas or on bad roads. The claim process is simple and protects lakhs of rupees. Engine damage is often unpredictable, so this cover provides a strong shield of protection.
4. Return to Invoice Cover
In case of total loss of the car, this add-on refunds the original invoice value (on-road price). This also includes registration, insurance and other charges. You get the full amount instead of less payment based on depreciation or market value. Very useful for those buying a new car. This makes it easier to buy a new car. It provides financial security in case the entire vehicle is damaged in an accident.
5. Consumables Cover
Accident repairs involve the cost of engine oil, grease, bolts, nuts, washers and other consumable items, which are not covered under a normal policy. This add-on takes care of all this. Avoids extra bills at the time of claim. Especially very beneficial in major accidents or parts replacement. It makes the claim process complete by covering small but essential expenses. It makes sense to include this in every insurance policy.