List of Add-on Covers to Customize a Comprehensive Car Insurance Policy

Written by Sharad Bajaj

Updated On Oct 15, 20232 min read

Here are the top car insurance add-on covers with which you can customise your comprehensive car insurance policy.

In a bid to secure your car against unfortunate accidents and mishaps, people purchase a comprehensive car insurance plan, as third party insurance offers limited coverage. But, the comprehensive insurance cover is not a one-stop solution for all sorts of liabilities, hence, it needs to be modified. To add value to your insurance coverage and customise your comprehensive car insurance, the best option is add-on covers which offer additional coverage and an extra edge over your regular car insurance cover on paying a little extra premium over the base policy premium.

List of Add-on Covers to Customize a Comprehensive Car Insurance Policy

Here are the top car insurance add-on covers with which you can personalise your comprehensive car insurance policy:

Zero Depreciation Cover

With Zero Depreciation Cover, no default depreciation will be deducted during the claim settlement and the insurer will pay the amount of repair bill without making any consideration for depreciation on the parts of your car which is either repaired or replaced.

Roadside Assistance Cover

If your car experience a sudden break down especially in the middle of the road, then immediate assistance will be offered by the car insurance company to policyholders by providing the services such as on-spot repair, flat tyre, spare key retrieval, jumpstart battery, fuel support, car towing, etc.

Car Engine Protection Cover

This add-on cover offers compensation for the expenses of repair or replacement which may arise due to consequential damages of car’s engine parts like gearbox and differential assembly if they experience any trouble due to water ingression, leakage of coolant or oil, and so on.

Return To Invoice Cover

Return to Invoice is an add-on cover which helps the policyholders to get the original purchase price of the car, only if the car is stolen or sustained a total loss. If you hold this cover in your car insurance plan, then your insurer will have to pay the original amount of your car which you paid during the car purchase without considering the depreciation factor.

Consumables Cover

With the Consumables add-on over, the policyholders can you can lessen the payment from their pocket during the claim settlement as the add-on covers the expenses of consumables like engine oil, gearbox oil, lubricants, grease, screw, nut and bolt, distilled water, oil filter, etc.

NCB Protection

With the inclusion of this add-on cover in your policy, you can continue to enjoy the No Claim Bonus (NCB) benefit even after raising a claim in the policy period. NCB Protection add-on cover is mostly allowed to be availed for two claims during the policy period.

Key Protect Cover

Technologically advanced car keys look enticing but they are too expensive to replace. This Key Protect add-on cover provides you with the coverage against the expense of replacing your car keys, if they get lost, damaged or stolen.

Loss of Licence or RC

If the Driving Licence or the Registration Certificate (RC) of the insured car got stolen or lost, then with the Loss of Licence or RC add-on cover, policyholders can become eligible to get a fixed amount from the insurance company as specified in the cover.

Small Repair Claims

Many policyholders bear the cost of small repairs to keep their No Claim Bonus intact. But, with this add-on cover, you can get the coverage for small repairs like wheel balancing, minor dent work, etc., at authorised garages without affecting the NCB benefit.

Conclusion

The add-on covers help you enhance the coverage of your car insurance policy. We hope by going through the above-mentioned add-on covers, you might get some idea of the benefits of some top car insurance add-on covers.

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.

Written by Sharad Bajaj

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Sharad is an insurance industry veteran who has managed motor insurance products for over a decade. He helped set up and scale the motor insurance vertical for a leading insurance company in his previous stint. In his spare time, Sharad likes to read and be in tune with nature.