Raheja QBE Insurance Add-On Covers Explained

Add-on covers are optional coverage advantages that may be purchased in addition to your car insurance policy for an additional cost. Add-on Coverages for Raheja QBE car Insurance Raheja General Insurance provides a range of add-on coverage options for its standalone own-damage and comprehensive car insurance policies. 

Raheja QBE Insurance Add-On Covers Explained

Car insurance add-ons are optional coverages that enable you to increase the scope of your policy in exchange for an additional payment. Raheja QBE - 9 Critical Add-on Coverage Options For Your Car Insurance Policy are-

1. No Depreciation Cover

It is one of the most often suggested add-ons since it allows you to recover the depreciation subtracted from the value of replacement components under your damage claim. When you get this coverage, you transfer the responsibility for paying for the depreciation of your car and its members to the insurer. Under this add-on, all of your car's components are fully protected against depreciation, except tyres, tubes, and batteries, which are covered at 50%.

2. Engine Guard

This add-on covers damage to the engine, gearbox, transmission, or differential assembly caused by water infiltration and oil leaks. This is a necessary add-on since your car's engine and communication are not covered by default under your auto insurance policy.

3. Personal Consumption Expenses

This add-on protects you against consumable costs such as screws, nuts, bolts, and oils that are not covered by regular car insurance policies and must be paid for by you in the event of a need to repair or replace them. This coverage compensates for the cost of consumables that must be returned due to an accident involving your car.

4. Cover For Key Protect

This add-on covers the expense of replacing your car keys in the event they are lost or stolen. Additionally, this add-on covers the cost of replacing your car's lock if it is damaged.

5. Return To The Invoice

In the event of theft or complete loss, this add-on enables you to get compensation for the invoice value of your car rather than the Insured Declared Value (IDV). Thus, this add-on assists you in obtaining the exact amount paid for the car at the time of purchase. The invoice price includes the registration cost, road tax, and insurance premium in addition to the IDV.

6. Conveyance Benefits Daily

The daily allowance benefit compensates you for the costs of alternative rented means of transport that you may spend if your car is in the garage for more than three days for maintenance.

7. Personal Property Loss

This coverage compensates you for the loss or damage to personal items in your car at the time of the accident. This add-on covers personal possessions other than jewellery, cash, artwork, and comparable items.

8. Protector For Tyres and Rims

This add-on covers the cost of repairing and replacing tyres, tubes, and rims that are damaged in an accident without causing damage to your car.

9. Coverage For The Retention Of NCBs

No claim bonus is a benefit you get at the time of policy renewal if you do not make a single claim throughout the policy term. However, if you make even one claim, this NCB is forfeit. This insurance ensures that your No Claim Bonus is protected upon renewal, even if you claim the policy's term.

Take Away

Recently these days, when general insurers provided just basic motor insurance, companies now offer a variety of extra coverages in addition to your base car insurance policy for an additional price. QBE Raheja General Insurance provides comprehensive insurance called the Private Automobile Package Policy that protects the policyholder's car against both self-inflicted damage and third-party liability. Personal Accident Cover is included as part of the Package Policy.

Also Read:

Points to Remember About Car Insurance for Beginners

Advantages and Disadvantages of Staying With An Insurance Company

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.