We all seek value for money while buying an item. A car policy is no exception. For some, it is higher IDV, and for others, it is better protection. When it comes to the latter phase, including the add-ons in the policy is the primary thing that you need to consider. This is because add-ons enhance insurance coverage.
While the cost of these add-ons increases
the premium amount, it justifies the additional pay when it comes to the
protection aspect.
Practical thought process
It is understood that every vehicle owner
would have some needs when they buy car insurance online
or offline. This is applicable for the add-ons as well. However, there are some
specific concerns that every vehicle owner is likely to face. For this reason,
there are unique covers which become necessary to add in the policy. Some of
them are –
Roadside assistance
Breakdown of the vehicle is inevitable.
Some of the common reasons to call for roadside assistance include mechanical
trouble which needs the four-wheeler to get towed to the service centre for
repair to punctures to needing emergency fuel and many more. These reinforce
the need to select for roadside assistance cover. If you travel long distance
using your car, then undoubtedly this cover is a must.
Depreciation cover
If your four-wheeler meets with an
accident, then a depreciation cover guarantees compensation of the entire cost
of the replaced parts with no depreciation. It is a helpful coverage and is
imperative for every vehicle owner.
Personal stuff loss
This is another cover which you should
check-in online car
insurance. There is a component of additional premium included while buying
this add-on feature, but if there is theft on expensive items like laptop, you
can benefit from the cover for a limit up to INR 50,000. During such scenarios,
these add-ons are worth it.
No Claim Bonus
It is probably one of the ideal ways to get
a lower insurance premium during renewals. If you make zero claims on your car
policy during the term, you get rewarded with No-Claim Bonus which gets
adjusted in the insurance premium. However, if you do file a claim, you do not
get any NCB. With this add-on, you can protect that as well.
