Reasons Why Add On Covers Are Required for Car Insurance?

As 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.