Five add-on covers that will increase the scope of your auto insurance coverage

Most people prefer not to take their time when purchasing a car insurance policy. They believe there are only two options on the market, third-party liability insurance, which is required by the Motor Vehicle Act, and comprehensive insurance. However, the truth is that by adding a variety of extra coverages at the time you purchase or renew your auto insurance, you can increase your coverage.
It is crucial for you to comprehend the critical role of add-on covers in order to select the best add-on covers to increase your auto insurance policy coverage.

Zero Depreciation: Even if you have auto insurance, nobody wants to find themselves in a situation where they have to pay out of their own pocket to fix their damaged car. However, the reality is that no insurance policy will completely cover your car in the event of a loss or accident-related damage. One should choose a No Dep. or Zero Dep. add-on, which gives you a full claim on the value of repaired or replaced parts after an accident, to avoid such a situation. Companies typically don’t offer this kind of add-on to cars that are older than 5 years, as it is ideally intended for new cars only.

No-Claim Bonus Retention (NCB): As implied by the name, this add-on serves as a safety net for your NCB. A reward for not filing any insurance claims in the previous year is the NCB. Most of the time, people renew their insurance every year rather than filing claims. The insurance provider offers a reward in the form of a discount on the premium cost of up to 50%, which the provider will withdraw if the claim is filed more than once. Therefore, even if you file any claims, the NCB retention clause still applies.

Road Assistance: Imagine that you are returning home and, for any reason—such as running out of fuel, experiencing a technical problem, or having a dead battery—your car becomes stuck somewhere in the middle of the night. What would you do? This add-on will help you get home in an emergency and will take care of your car, as the name suggests. You won’t have to worry about getting help while driving at night or in a remote area if you chose this add-on in addition to the standard auto insurance policy.

Personal Accident Cover: The insurance provider provides protection for both the owner and the hired driver with this add-on cover. Combining a personal accident insurance policy with a comprehensive auto insurance policy is an option. With this addition, you are eligible for a lump-sum payment in the event of accidental death or permanent disability.

Daily Cash Allowance: After a serious accident, the process of having your car fixed can take days, weeks, or even longer, depending on the condition of the car. As a result, your car will need to be stored in the garage for a while. In that case, your only options for transportation are to use public transportation or to hire a cab, both of which are expensive options, especially if you are on a tight budget. Therefore, as part of this addition, the insurance provider will pay for these daily transportation costs.

You can combine your standard insurance policy with a variety of other add-ons, such as Return to Invoice, Engine Cover, and Key Replacement, which are all readily available on the market. Decide wisely to improve the coverage of your policy based on your needs.