Accessories Cover for Car Insurance

Accessories Add-on in car insurance provides financial coverage for the accessories like stereo system, reverse camera, LCD TV, etc. of the car in case of mishap or accident. If the policyholder is passionate about enhancing the car then it would be a smart move to protect those high-end accessories by paying an extra premium to the car insurance company.

Accessories which are fitted in the car are broadly classified as - electrical and non-electrical.

Electrical

Electrical accessories include the fittings of music systems, air conditioners, and different types of lights like fog light, brake light.

Non-electrical

Non-electrical accessories include the fittings of seat covers, alloy wheels, and interior fittings among others.

Who should buy an Accessories Add-on in Car Insurance?

Accessories Add-on in Car Insurance should be bought by followings:

1. People with luxurious car accessories

Buying luxurious car accessories enhances the appearance of the car however it is important to have coverage for the same in case or any mishap or theft to have financial coverage.

2. People residing in theft-prone area or a place that is more vulnerable for natural disasters

If the policyholder lives in an area which is either theft-prone or a place that is more vulnerable for natural disasters then he/she should opt for this cover to have financial coverage of the same.

Why is it Important to have Accessories Add-On Cover in Car Insurance?

No doubt, be it electrical accessories or non-electrical accessories, they add more aesthetic value to your car. However, another important advantage of owning these accessories that generally people overlook is that the usage of these accessories also aids in maintaining the overall comfort of the passengers while travelling in the car for long distances. Therefore, at the time of purchasing a car insurance plan, ensure that you choose to buy accessories covered with your car insurance plan. In the event, if your car has systems installed like LCD screen, high-end stereo system, then ensure that all such expensive car accessories are covered properly. Protecting them is important because with a standard car insurance plan, only you would get coverage in the event of any mishap or accident but the accessories installed in the car would not get any coverage in case any damage happens to them.

Should I opt for electrical and non-electrical cover while buying car insurance?

Most comprehensive car insurance policies have limited coverage for accessories, especially additional ones. Consider buying an electrical and non-electrical cover for the following circumstances:

• If you have recently made modifications to your car and added new, high-end accessories which are also costly.
• If you park your car in public parking spaces for long periods of time – specially applicable to those who park their vehicles in public spaces and use public transport to go to work.
• If you wish to have complete coverage of your vehicle. Comprehensive car insurance policies include limited coverage. Hence, if you are keen on not paying from your pocket for your car’s accessories, you must opt for electrical and non-electrical cover while buying car insurance.