Best Car Insurance Riders To Add-On To Your Car Insurance Plans

• Protect yourself with third party or comprehensive cover
• Use bumper to bumper policies to reduce your liability
• Enjoy facilities like zero depreciation and roadside assistance covers

As per the Motor Vehicles Act in India, it is mandatory for every car plying on the roads to be insured with at least a third-party liability cover. A car insurance usually protects you from unforeseen liabilities incurred at the time of mishap. A car insurance policy can be either a comprehensive car insurance plan or a third-party liability cover. A comprehensive car insurance plan covers own damage liabilities as well as third-party liabilities while a third-party liability insurance plan covers third-party liabilities alone. Now, car insurance comes with certain exclusions that can be included by availing certain car insurance add-ons. The following are few of the popular car insurance add-ons available in India:

• Zero Depreciation

Usually when repairing or replacing car parts, you have to pay their cost of depreciation as well. This becomes really expensive in case of luxurious vehicles. The value of depreciation depends on model and make of the vehicle, age of the vehicle, etc. Hence, availing this add-on cover will benefit you as you will not have to pay the cost of depreciation on the car parts that are to to be replaced or repaired, which means the insurer will be covering the complete cost of replacement or repair of the car parts. With this add-on you will avail the complete claim settlement.

• Engine Cover

Engine cover also known as engine protect is among the popular add-on covers available in the market. This add-on cover takes care of any expenses pertaining to repair or replacement of the vehicle’s engine. In case, due to extreme whether conditions or any mishap, your engine fails to perform at optimum, you can have it repaired without having to shell out money from your own pocket for the same. In such cases, your insurer will pay for getting the engine repaired.

• Ambulance and Medical Expenses

Under the ambulance and medical expenses cover, in case the policyholder at the time of a mishap requires medical attention due to the injuries he has sustained, the insurer will cover the expenses for the same, starting from the ambulance cost. This plan covers medical costs upto Rs. 10,000.

• Roadside Assistance and Towing

This rider is offered by a few of the insurers as an added feature, while some other insurers offer this as an add-on cover. Under this cover, you will be eligible to receive round-the-clock services such as towing, fuel provision, etc. at any given point in time. In case you are stranded due to vehicle issues or have just been part of a road mishap, you can avail the services under the cover.

• Rental Reimbursement

This is one of the popular add-ons available in the market. When your vehicle is being serviced at a workshop and you have no other option but to opt for public transportation, availing taxis, etc. you can have the money you spend on the day-to-day commutation reimbursed by the insurer. In order to avail this benefit, you will have to submit any bills and receipts representing your commutation charges.

• Personal Accident Cover

This is a vital add-on cover as you and your family are protected under this add-on cover in case of injuries, paralysis, etc. sustained as a result of mishap.

• Consumable Rider

There might be times where the consumables in your vehicle need to be replaced or repaired as a result of a natural or man-made calamity. In such cases, having the add-on is a boon because under the cover, the insurer will pay for the expenses pertaining to the replacement or repair of the vehicle consumables.