Add on Covers
Add on covers in motor insurance is the additional coverage that is offered by insurance companies to the policyholders to enhance the coverage available to their car. So, they are the extra protection that an insured can avail along with their regular car insurance coverage by paying an additional premium amount.
These extra riders support the insured car and the policyholder to deal with different situations of car break down and mishaps etc. Protection such as roadside assistance, key replacement, etc. are some car insurance add-on covers.
Lets understand these car insurance add on covers in detail.
So, what is add on cover in car or motor insurance?
As discussed above, add-on cover in Car Insurance is an additional cover that a car owner who has a comprehensive or standalone car insurance policy can opt for to enhance the protection available with their car insurance policy. There are several add-ons available that a car insurance policy owner can buy along with their comprehensive car insurance without any restriction by simply paying nominal charges.
Top Car Insurance Add-On Covers Available in India
Here is a list of the top add on covers in motor insurance that you can avail along with your comprehensive car insurance plan. However, these add-ons might vary from one insurance provider to another.
So, What are the Benefits of Add-on Cover in Motor or Car Insurance
Here are some of the benefits that you can enjoy with your car insurance add on cover:
You can get coverage against your car’s depreciation
Depreciation means reduction in price of your car and its parts due to normal wear and tear that occurs with time. At the time of car insurance claim settlement, the insurance provider deducts the depreciation cost, which you need to bear. However, if you buy a zero depreciation add-on cover, you can easily avoid paying such cost and it will be paid by your insurer.
You can have the benefit of getting Emergency Assistance
The roadside assistance add on cover helps a policyholder to tackle any emergency situation such as breakdown of car that can emerge in the middle of nowhere. In such a case, you get support in the form of fixing flat tyre, arranging fuel, towing the damaged vehicle, repair of minor things on-spot, etc. So, with this add-on cover you will not be stranded in any such situation.
You can get complete protection of your car's engine
The car’s engine is a major part of a vehicle and it is also very costly. With this add on, you can cover the damages caused to the engine of your car, which is generally not protected under the comprehensive plan.
You can get coverage against Disabilities as well as Death
If any mishap leads to the disability or death of the insured car's driver/owner, he/she can get coverage for the disability or their nominee can get compensation of up to 15 lakh rupees with the help of personal accident add-on cover.
You can retain Your NCB Discount with Add-on cover
NCB is the discount that car insurance policyholders receive for each claim-free year. However, if you make a claim for car insurance during the tenure of your policy, you lose your chance to avail NCB discount. But with NCB add on cover you can keep your NCB discount intact despite filing a claim during the last policy year.
So, now you are aware of what is add on cover in motor insurance as well as the benefits of add on covers to help you avail extensive coverage on your car insurance.
Frequently Asked Question
An add-on cover is the additional coverage that is offered by car insurance companies to the policyholders to enhance the coverage available to their car.
The average cost of motor add-on covers is nominal, which varies from policy to policy and from one insurance company to another.
Yes, you can go for multiple add-ons.
A key lost cover is an add on which allows the insured to get reimbursement for the cost of car key replacement in case it is stolen, damaged or is lost.
No, you cannot buy car insurance add-ons with a third party policy. They are available only with comprehensive and standalone own-damage car plans.
Engine protection cover supports an insured with protection against damages to the engine of the car or its parts that might cause a breakdown of any part of the engine like crankshaft, connecting rods, gearbox, cylinder, pistons, etc. Further damages to the engine because of water ingression, lubricant oil leakage, hydrostatic lock damage etc. are also covered under such an add on plan.
No. An add-on can be bought only with a car insurance policy including comprehensive and standalone own-damage car plans.
There is no limit to the number of add ons that you can buy.
Yes, you can buy car insurance add-ons online from the comfort of your home.
Yes, you can buy multiple add ons covers in a car insurance policy.
To buy a car insurance add-on online, you need to visit the official website of your car insurance provider and submit a few details. Next you can select the add on cover that you want to buy online and proceed with the payment.