How To Add Add-Ons To Your Car Insurance?
This article mentions how an individual may add add-ons to their car insurance and then briefly mentions the popular types available in the market to choose from.
In car insurance, an add-on refers to an additional cover as part of a comprehensive car insurance policy to enhance protection. There are several add-on options but the availability of these products differs from insurer to insurer. It is not mandatory or compulsory for you to invest in an add-on cover, you are at liberty to pick the one that suits you.
In this article, we are going to talk about how you can add add-ons to your car insurance.
How To Add Add-Ons To Your Car Insurance?
There is no special procedure for adding add-on coverage to your car insurance policy. You need to pay a nominal but extra fee for buying the particular kind of coverage that you want to secure for your car and it is included as a part of your car insurance policy. However, the add-on that you buy should have resonance with the particular configuration and requirement of your car, it would be foolish to buy it simply because someone suggested it.
Buying an add-on coverage comes with a higher rate of premium. But, when it comes to securing your car and a financial buffer for yourself against the high costs of repair and maintenance, selecting one or more add-ons is a wise option for long-term coverage and benefits.
Now that you know how you can buy an add-on for your car insurance policy, let’s take a quick look at the major types of it available in the market.
Types Of Add Ons In Car Insurance -
Zero Depreciation Cover -
Zero Dep Car Insurance add-on allows the policyholder to avail repairs, replacement and installation costs of new parts of their car without paying any extra money. If you choose this add-on, the entire costs of assemblage and maintenance will be borne by your insurance provider.
Consumables Cover -
While making a claim towards your car insurance provider, consumables such as oil, nut and bolts are not accounted for. However, this option covers the expenses towards these components and helps you in gaining compensation for parts that might be unfit for future use.
Return To Invoice Cover -
This add-on cover comes to aid if your car has been completely destroyed by a natural disaster or an accident. Under such circumstances, this add-on cover refunds the complete value of your car as mentioned in the invoice.
Roadside Assistance Cover -
A road-side assistance cover is a very useful add-on that aims to help you if you are stranded on the road or if your car has a breakdown. Under this option, you can get your wheels fixed, towing services, and taxi service to help you reach your destination.
Engine Protection Cover -
As the name suggests, this cover is intended to provide protection to your car’s engine that is its lifeline. It is useful when several damages keep cropping after an accident and you need to get it fixed intermittently. Damages arising out of leakage of oils or water entering the engine are covered by it.
Take Away
You are now aware of how you may add an add-on cover and the different types of the same. The above points will hopefully aid you to select the best option suited according to your needs and financial affordability. Insuring your car is the first step towards safeguarding it against future damages and it is wise to include add-ons to secure maximum protection.
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.
