All You Need to Know about Various Add-on Covers of Car Insurance

by kumar rahul Best Insurance Deals

the add-on

If you own a comprehensive car insurance policy, you may think you and your car is covered in all the possible ways. However the thing is not like that, there are many things which comprehensive car insurance policy does not cover. This is where car insurance add-on cover plays a key role. Though you have to pay some extra premium to get add-on, it is worth in each Way. With a comprehensive car insurance policy, a little extra premium paid for add-on covers can turn out to be the wisest decision. Car insurance add-on covers secure your family and your beloved car in an all-encompassing way. Some of the major add-on covers of car insurance are discussed below.

Zero Depreciation

Zero Depreciation is usually known as Nil Depreciation Cover. It is one of the most sought-after add on cover of motor insurance among the Indians. As per zero depreciation add on policy, you can receive a full claim without any depreciation on the value of your car parts that are replaced after an accident. Getting full insurance claim without any depreciation of bumpers and other parts are fully substituted after any accident and it offers a win to win situation to both the customer as well as the insurance provider.

Roadside Accident

This add-on cover is apt to cope up with any emergency situation. A Roadside Assistance add on policy makes sure round the clock services like towing, arranging a mechanic or getting a flat tyre changed etc in case of any mechanical breakdown. So if you are a regular high-way traveler, it should be your much-needed add-on cover, because what if there is a flat tyre?

Engine Protection

If you own this add-on cover with your car insurance policy, you can get coverage for your car engine. An engine protection add-on cover compensates for engine associated repairs, even if they are not caused by an accident. As the cost of damaged engine repairing can go perpetually high, this add-on can be very useful. This is basically considered for the owners of high end cars and for those who are staying in rain prone zone.

No Claim Bonus Protection

As the name suggest, this add-on cover of car insurance policy acts like a reward. As per this NCB policy, if you don’t make any claim during a successful policy period, you will get No Claim Bonus discount in your next renewal. This discount starts at 20% and increases in every claim free year and can go up to 50%. This add-on cover allows you to make one claim per year and yet preserve your accumulated no claim bonus for following year.

Return to Invoice

Return to Invoice add-on cover ensures that in the event of loss or theft of your car, you will get the original invoice value, including the cost of registration, taxes. It pays the difference between approved claim amount and the original cost of purchase of your car. If your area is theft prone, then this plan is highly recommended.