Car insurance add-ons that are worth the purchase

by Kanika Shelatkar Insurance Consultant

We all want value for our money when purchasing something. Similarly, car insurance policy is no exception. For some, it might be higher IDV, and for others, better protection. Now when it comes to the latter, including add-ons in the policy is the first thing that needs to be considered.

This is because add-ons can make car insurance very beneficial in terms of coverage. While the cost for these add-ons gets added in the premium amount, it justifies the extra amount when it comes to the protection it offers.

Add-ons that are practical

It is a known fact that every car-owner would have particular needs when it comes to purchasing four-wheeler insurance online, and that narrows down to the add-on covers as well. However, there are certain issues which every car is susceptible to face. For this very reason, there are specific add-on covers which become crucial to include in your policy. These include:

Roadside assistance

Breakdowns are inevitable in a car. The reasons for having a breakdown on the roadside can range from mechanical trouble which require the vehicle to be towed to the nearest garage or service centre for repair to punctures which may require assistance if you are not sure with the procedure to running out of fuel which may need emergency fuel to get to the next fuel station and many more things. These reinforce the necessity of having a roadside assistance cover. If you travel long distances using your vehicle, then this add-on cover is an unquestionably a must.

Depreciation waiver cover

If your car meets with an accident, then a depreciation waiver cover guarantees you are re compensated of the full cost of the parts replaced with no depreciation. It is a cover that is helpful and should be chosen by every car owner.

Loss of personal stuff

It is another such cover that you should check while buying a car insurance policy. There is definitely a component of extra premium included while purchasing this add-on feature but, in case of a theft of an expensive item like a laptop, one can benefit from the cover, up to a limit of almost INR 50,000. During such situations like these, this add-on proves to be worth it.

No Claims Bonus

No Claims Bonus or NCB is probably one of the most pragmatic ways of getting a lower insurance premium in the next year. If you make zero claims on your car insurance policy during a policy term, you are rewarded No Claims Bonus which is adjusted in the insurance premium. However, if you were to file a claim, you will not get any No Claim Bonus. But, with this add-on, you can protect that as well.

With details for insurance products and services available online in a profoundly lucid and precise manner, it is very convenient for you to compare the car insurance policy advantages and the add-ons. Always make sure that you are not skipping any vital elements of a policy. These components may or may not be helpful instantly but would always play a key role in offering you the much-needed assistance when required.