5 Crazy Benefits of Add-on Covers by Reliance Car Insurance

by Car Insurance Compare or Buy Car Insurance Online

Not long ago, cars used to be the expensive toys that only rich and famous played with! But over the course of the 20th century, cars quickly turned into a byword for easy mobility and convenience. In fact, cars have become the new-age necessity for most people around the globe, today.

Often, a lot of people spend a lot of money for their cars, be it routine maintenance, repairs or the fuel costs. It’s no wonder considering the fact that a large number people spend most of their time in their cars, after their home and office.

But you’ll be shocked to know that investing a car insurance policy is a topic that’s often overlooked. Most car owners look for the least expensive policies. Such cheap car insurance policies cover the cost of just a few basic repairs and some narrowly defined problems. Resultantly, car owners end up paying through their nose for repairs and maintenance, despite having insurance in place.

We’re sure you’re wondering:

What should I do to ensure that my car insurance policy covers all the repair and maintenance costs?

The answer is simpler than you thought!

Invest in Add-on Covers!

What’s an Add-on Cover?

Add-on covers, as the name suggests, are additional covers for damages and repairs in addition to what your regular motor policy offers. It's a great way to save sizably and make the most of your hard earned money spent on your car insurance.

Yeah, it’s true!

Basis the type of car you own, each add-on cover yields tremendous potential to help you make huge savings when making a claim.

Now, you must be wondering:

“How do I find the companies that offer the best Add-on Covers?”

Well today I’m going to make it easy for you.

All you need to do is carve out a few minutes of your day and read about the Add-on Covers offered by Reliance Car Insurance, one of the most trusted and recognized auto insurance providers in the market.

Reliance Car Insurance – Add-on Cover

Reliance protects its policyholders with amazing and affordable ‘tailor-made’ plans. But what really makes Reliance car insurance so sought after by car-owners is the multiple add-on benefits and covers provided by the insurer.

By simply paying a little over and above your car insurance premium, you get instant access to a range of amazing benefits. It would certainly not be an exaggeration to say that Reliance car insurance add-on covers aren’t just additional expense but assets that earn you multiple benefits and advantages.

Let’s check out just some of the many benefits and advantages offered by Reliance add-on covers.

No Claim Bonus Retention - We’re sure you already know how No Claim Bonus helps you save a great deal, each year. No Claim Bonus retention add-on covers provided by Reliance private car insurance policies ensure that in an event of a single claim made by you for a sum value not more than 25% of the IDV of your car, your present No Claim Bonus stays the same at the time of your annual premium payment.

Let us example this with an example. Suppose you’ve earned 20% NCB on your policy in 2015 and your IDV is Rs 10 lakh. Even if you make a claim of up to Rs. 2.5 lakhs, you’ll still be eligible for 20% NCB at the time of your annual premium payment.

Zero Depreciation - Did you know? Typically, insurance companies calculate depreciation on some auto parts at the time of claim settlement as they consider and calculate the devaluation of certain car parts with time. And that’s why you’re entitled to the depreciated value of the car parts and not the complete replacement value at the time of claim. But Reliance car insurance add-on covers help you get full claim amount when replacing damaged car parts, without having to force you spend through your nose.
Complete Engine Protection - You’ll definitely agree that damage to your engine or a machinery breakdown may easily burn a hole in your pocket. This is where Reliance car insurance add-on covers come to your rescue. Basically, such add-on covers help you claim the cost even for the engine-related repairs occurring for reasons other than accidents. Such add-on covers are particularly beneficial for those living in places where frequent water logging is a major issue as water logging can seriously damage your car’s engine. But be advised, this benefit can’t be claimed for regular wear and tear to your engine or for engine-related damages happening due to your negligence.
Total Loss Claims - If you’re a car owner, you probably already know that car insurance covers the depreciated cost of the car in the event of theft or damages beyond repair. Other essential components such as Road Tax, Registration Cost and Insurance premium aren’t really reimbursed to you in case your car is stolen and is damaged beyond repair. But you’ll be shocked to know that these components often make for 15-20% of the total On-Road cost of your car. Now, this could seriously affect your pocket, leaving you in a lurch. This is where Reliance's private car insurance add-on covers provide you an optimal solution. You get to claim your total loss including the Road Tax amount, Registration Cost and Insurance premium paid.
Key Replacement - Typically, insurers provide absolutely no reimbursements in case you end up misplacing your car keys or in the event of where it is stolen. Most insurers do not necessarily compensate you for the cost of replacing your lock and key if your car is stolen. But Reliance's private car insurance add-on covers help you claim the cost of replacing your lock and key if you’ve misplaced your car keys or in case your car is stolen. However, it is required to submit a copy of police complaint registered for the theft of your car, in case of the latter.

Over to You!

You just saw 5 incredible benefits offered by Reliance Car Insurance – Add-on Covers. Remember, opting for add-on covers in your car insurance policy may require you to shell out a few more bucks from your pocket, but it is definitely worth all the additional expense as it promises a complete financial security.

So, if you still haven’t opted for add-on covers in your general car insurance policy, go for it now! Remember, it’s never too late to add an extra layer of protection to your car’s financial safety.

Are you a Reliance car insurance policy holder? Have you opted for add-on covers in your car insurance policy? If yes, then leave us a quick comment to let us know how it has been working for you.

We’ll love to hear from you!