The Must-Have Insurance Add-On Covers For Car

Add-on covers are, as the name suggests, add ons to your car insurance policy. It is an additional cover that can be opted over and beyond the policy that you hold. This may be done in case you foresee specific events that you would require your policy to cover. This ensures that any car owner has a policy that is best suited to their needs. There are multiple add-ons one could opt for. Hence we have compiled a list for you, detailing specific add-on covers for your car.

Top Add-ons for your Car Insurance

1. Zero Depreciation

Depreciation applicable to your car over the course of its useful life is deducted by the policy providers from the amount that is available to be claimed. Hence, this add-on helps you mitigate this, thereby resulting in increasing your claim amount during an event. 

2. Add-on for Consumables

During the lifetime of the vehicle, expenses related to consumables are to be borne by you. However, this particular add-on provides coverage for consumable items such as engine oil, airconditioning gas, grease nuts & bolts to name a few.

3. Add-on for Roadside Assistance

For policyholders that regularly travel a long distance, this add-on may be just for you. In the event of a breakdown of the vehicle, having this add-on entitles you to assistance and associated services. Services such as transporting the vehicle, on-site repair works, and changing flat tires are included.

4. Add-on for the Engine

If you, as a policyholder have this add-on, expenses caused due to mechanical or electrical failure of the engine caused by spillage of oil or entry of water will be covered.

5. Add-on for Loss of Keys

In the event of the car owner losing their keys, this add-on will help compensate them by transferring the liability onto the insurance firm.

6. Medical Assistance Add-On

This add-on provides passenger assistance in the event of an accident. The Add-on includes hospital allowance, medical expenses, and medical transport to the policyholder.

7. Personal Belongings Protection

In the case of loss of personal belongings, the insurer compensated the policyholder for the loss of the items in question. Personal items may include articles of a personal nature that are likely to be carried or used on a regular basis.

8. Tyre Damage Protection

In the event of a tire-related issue such as a puncture, bursting, or tearing due to external factors, this add-on will ensure the insurers cover the policyholder for the expenses

9. Daily Allowance Add-on

In the event of loss of a car or repair that needs to be done, the insurer provides the policyholder with a daily allowance for those that have this add-on.

Having covered several important add-ons you could add on top of your traditional insurance, can help safeguard you against specific risks. Although the add-ons mentioned here are not exhaustive in nature, as someone looking to have an add-on on top of their existing plan, it would be recommended that you do your research. Additionally, it is important to be aware of all the factors that come into play when looking to claim the amount associated with both your base insurance and the add-on opted for.

Also read: Why and How Do Car Insurance Background Checks Happen in India?

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