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Reasons Why Add On Covers Are Required for Car Insurance?
by anshi roy financerAs per motor vehicle
act 1988, any vehicles plying on Indian road are required to have a car
insurance policy. There are two types of car insurance policies – third party
and comprehensive motor insurance plan. People generally think that
comprehensive car insurance plan provides complete protection for the car. But
thing is not like that, there are some parts which are not covered by basic
comprehensive insurance policy. Motor insurers offer some add-on covers in
order to supplement your basic comprehensive insurance cover. So you should not
avoid car insurance add-on covers. Here we will discuss some of the reasons why
add-on covers of car insurance are required.
Get
the Invoice Price of Your Vehicle: In case of theft or
total loss of your car, the insurance company pays the total IDV or Insured
Declared Value of your vehicle. So if you want the actual invoice rate of your
vehicle including the registration charges and road tax then ‘Return to
Invoice’ add-on cover works the best.
Zero
Depreciation Cover: When you make a claim on your car
insurance policy, your concerned insurer pays the depreciation value of the
damaged parts of your bike. It does not pay out the actual cost you paid in replacing
these parts. However, if you add Zero Depreciation add on cover to your
comprehensive car insurance, then the depreciation amount will not come in the
picture and you will get the exact amount for damages parts.
Roadside
Assistance: One of the most important add-on covers of car
insurance is Roadside Assistance. This feature protects you from the unwanted
situation of breakdown of your car in the middle of a road. If you own this
add-on cover, you can easily cope up in such situation and avail the facility
of roadside assistance provided by your insurance company.
To know more information about car insurance visit our website GIBL.
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About anshi roy 
financer
3 connections, 0 recommendations, 11 honor points.Joined APSense since, November 23rd, 2018, From Kolkata, India.
Created on Jan 7th 2019 00:53. Viewed 798 times.
