Add on Covers in Car Insurance Policy

Top 6 Best Add on Covers in Car Insurance Policy


1. Add-On Covers in Car Insurance Policy 

Add-on covers are additional covers that you have included in your 4-wheeler insurance plan to protect your car from any damage or loss. Add-on covers need to be purchased when paying additional premiums. Below are some of the add-on covers - no claim bonus protection cover, zero depreciation cover, engine protection cover, key protection cover, etc.


2. No Claim Bonus Protection 

Cover for each claim-free year, the insured is rewarded with a discount on the renewal premium. This discount is called - No Claim Bonus (NCB). It is growing and growing every year. It usually ranges from 10% to 50% and can save a lot of money on premiums for your auto insurance. Let's take for example if a policyholder does not claim the term of his auto insurance policy, he becomes eligible for a no-claim bonus, on the basis of which a certain discount is given on the premium payable. The no-claim-bonus protection cover allows you to hold your NCB even after the claim has been registered for the term of the policy. Terms vary from one insurance provider to another.

Add on Covers in Car Insurance Policy


3. Engine protection cover

The engine is one of the most important parts of a car. And the engine protection cover compensates for the cost of fixing the indirect damage caused by the engine due to oil leaks and water contamination. It covers gearbox parts, engine parts, and differential parts.


4. Zero depreciation cover

This additional feature also provides compensation for the undervalued value of your vehicle. With this feature, you don't have to pay for the depreciation of your car parts. It is valid in most private cars and is subject to a certain number of claims during the policy period. Mandatory and voluntary exemptions (as in the case) will apply in spite of the zero devaluation cover. You can check with the insurance company for any terms and conditions before purchasing. Enjoyable Covers Sometimes, a bunch of unexpected expenses can drain all your savings.


5. Consumables Cover​​

Includes all costs for enjoyable items for any hazards covered by the policy. Consumable items include screws, nuts and bolts, washers, AC gas, grease, lubricants, bearings, clips, engine oil, distilled water, oil filters, brake oils, and fuel filters. There are certain conditions that apply to this add-on cover that vary from one insurance provider to another. This is valid in most private cars and is subject to a certain number of claims during the policy period. You can check with the insurance company before making a purchase.


6. Key protection cover

Once in a lifetime, everyone lost or left their car keys in the wrong place. In this case, the insurer can provide you with financial assistance to cover the cost of replacing and repairing your car keys. Here was the key protect cover offer. You will be allowed a certain number of claims during your policy period Any case related to theft or theft should be supported by a police FIR. Replacement keys will be of the same type as the damaged or damaged key Or in the event of theft, the insurer will replace the entire set of keys, including the H lockset, after submitting all other keys to the insurer.


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