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What Car Insurance Add-ons You Should Consider for Complete Protection

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Suppose you are planning to drive in India. In that case, car insurance is a mandatory investment according to the Motor Vehicles Act 1988, which says that driving a motor vehicle without insurance in a public place is a punishable offence. What this means is that it is necessary to get car insurance to protect yourself from financial losses in case of accidents, theft, or damage to your vehicle.

However, while standard policies cover the basics, choosing add-ons allows you to customise your coverage and enhance protection against specific risks. But which coverages should be a priority when looking to get a policy? Keep reading to find out.

What common add-on coverages should be considered for best car insurance?

1. Zero Depreciation Cover

Also known as a bumper-to-bumper cover, this add-on ensures you receive the entire claim amount without factoring in the depreciation of your car’s parts. Without it, insurers consider wear and tear, which reduces the claim payout.

Why You Need It:

  1. Ideal for new car owners.
  2. Provides higher claim amounts by covering the full cost of replacement parts.

For example, if your car’s bumper is damaged in an accident, the insurer will cover the entire replacement cost, not just the depreciated value.

2. Engine Protection Cover

A standard car insurance policy does not cover damage to your car’s engine due to waterlogging, oil leaks, or other non-accidental causes. The engine protection add-on is crucial for safeguarding one of the most expensive components.

Why You Need It:

  1. It is essential for regions prone to flooding or heavy rainfall.
  2. Protects against costly engine repairs.

This is particularly beneficial for luxury car owners as engine repair costs can run into lakhs.

3. Roadside Assistance Cover

Breakdowns can happen anywhere, leaving you stranded. The roadside assistance add-on provides on-the-spot help, such as towing services, fuel delivery, or minor repairs.

Why You Need It:

  1. It is ideal for long-distance travellers and highway drivers.
  2. Offers peace of mind in emergencies.

For instance, if your car battery dies in a remote area, the insurer will arrange assistance to get you back on the road.

4. Consumables Cover

Consumables like engine oil, nuts, bolts, and lubricants are not covered under a standard car insurance policy. With a consumables add-on, these small yet essential expenses are included.

Why You Need It:

  1. Recommended for frequent drivers or those with high-end vehicles.
  2. It covers additional costs often overlooked in standard policies.

5. Return to Invoice Cover

In case of total loss or theft of your car, the insurer usually compensates the vehicle’s current market value, which may be lower than its purchase price. The return-to-invoice add-on bridges this gap by covering the car’s on-road price, including registration and taxes.

Why You Need It:

  1. Beneficial for new cars or high-value vehicles.
  2. Ensures you can replace your car with a similar model without additional financial burden.

6. Personal Accident Cover

While this is often a mandatory feature, increasing the coverage amount with an add-on provides financial support in case of severe injuries or death due to an accident.

Why You Need It:

  1. Offers comprehensive protection for the policyholder.
  2. It can be extended to include passengers for added security.

7. Tyre Protection Cover

Tyres are prone to damage from potholes, nails, or road accidents, and their replacement can be expensive. A tyre protection add-on covers repair and replacement costs.

Why You Need It:

  1. It is ideal for urban areas with poor road conditions.
  2. Reduces out-of-pocket expenses for tyre-related issues.

8. Loss of Key Cover

Losing your car keys can be both inconvenient and expensive, especially if you own a vehicle with advanced locking systems. This add-on covers the cost of replacement keys and locks.

Why You Need It:

  1. Valid for high-end cars with electronic keys.
  2. Ensures quick and hassle-free replacement.

How to Choose the Right Add-Ons

While add-ons enhance your coverage, selecting the right ones depends on your needs, budget, and driving habits. Here’s a guide to help:

  1. Evaluate Your Driving Conditions: If you live in a flood-prone area, choose engine protection or roadside assistance for long highway drives.
  2. Consider Your Car’s Value: Opt for return-to-invoice and zero depreciation for new or expensive vehicles.
  3. Assess Your Lifestyle: Frequent travellers might benefit from consumables and tyre protection add-ons.

Why Opt for Car Insurance Online

Purchasing car insurance online is a convenient way to compare policies and customise them with add-ons. Bajaj Allianz, for instance, offers an intuitive online platform where you can easily buy, renew, or modify your car insurance policy. Here’s why online car insurance is beneficial:

  • Transparent Comparisons: Compare add-ons and premiums across multiple insurers.
  • Quick Customisation: Add or remove covers based on your changing needs.
  • Hassle-Free Renewal: Renew your policy in minutes, ensuring continuous protection.

Conclusion

Car insurance add-ons provide an extra layer of protection that standard policies may lack. By carefully selecting add-ons like zero depreciation, engine protection, and roadside assistance, you can tailor your coverage to meet your specific requirements. Companies like Bajaj Allianz offer a range of customisable options, making finding the best car insurance policy easier.

Investing in the right add-ons ensures complete protection for your vehicle and offers peace of mind in unexpected situations. Start the new year with a car insurance policy tailored to your needs and ready to handle any challenges the road might bring.

Edward Tyson

Edward Tyson is an accomplished author and journalist with a deep-rooted passion for the realm of celebrity net worth. With five years of experience in the field, he has honed his skills and expertise in providing accurate and insightful information about the financial standings of prominent figures in the entertainment industry. Throughout his career, Edward has collaborated with several esteemed celebrity news websites, gaining recognition for his exceptional work.

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