5 Add-On Covers That Will Boost Your Car Insurance Coverage!

5 Add-On Covers That Will Boost Your Car Insurance Coverage – People generally do not like to spend a lot of time when getting car insurance. They believe that there are two options available in the market: third party liability mandated by motor vehicle laws and comprehensive insurance.

The reality, however, is that there are so many additional coverages that you can increase your auto insurance coverage by spending a minimal amount when buying or renewing auto insurance.

It is very important to understand the important role of additional coverage in order to choose the ideal additional coverage to increase your auto insurance coverage.

Zero Depreciation

Even with auto insurance, no one likes to be surprised to learn that you have to lose your pocket to repair a broken car. However, the fact is that no insurance policy provides full coverage for your car in the event of loss or damage due to an accident.

To avoid this situation, you should choose No Dep. or Zero Dep. An add-on that provides a full bill for the value of parts repaired or replaced after an accident. Ideally, it’s only for new cars, and companies don’t usually offer this kind of addition on cars older than 5 years.

No-Claim Bonus Retention (NCB)

In the name of NCB retention, this add-on acts as protection for NCB. NCB is compensation for not making a claim against your insurance policy in the previous year. Usually people renew their insurance every year without a claim.

The insurance company provides compensation in the form of a discount of up to 50% of the premium charged by the company in one claim. So even if you make a claim, there is an NCB retention clause.

Road Assist

On the way home, imagine your car stopped somewhere in the middle of the night for reasons such as low fuel, technical problems, or dead battery. What are you doing now? As the name suggests, this add-on will help you get home and manage your car in this emergency.

If you choose this add-on along with your standard auto insurance policy, you won’t have to worry about assistance from remote locations or while driving at night.

Personal Accident Coverage

With this extra coverage, the insurance company covers the owner and paid driver (if any). You can choose personal accident coverage in combination with comprehensive car insurance. This add-on provides a lump sum benefit in the event of permanent disability or death due to an accident.

Daily Cash Allowance

In the event of a major accident, the car repair process takes too long and depending on the condition of the car you may have to be in the garage for several days or weeks or more than a month. In this situation, you will have to use public transport or hire an expensive taxi, especially if you are on a budget. So, with this addition, the insurance company will cover the cost of this daily trip.

There are also many other add-ons available on the market, including invoice refunds, engine covers, and key replacements that can be combined with standard insurance policies. So choose wisely based on your needs to increase your insurance coverage.