Different types of Add-ons for Car Insurance

 As being Indian we don’t get satisfied with what is offered, the demand of getting something extra is always in our minds. And even though the time the raw insurance policy offered by the insurer is incomplete. Hence, the insurance policy came up with Add-ons. Add-ons are the additional features that are offered by the insurer with the insurance policy. These are not compulsory to opt with the policy, but in case you want to ensure a vehicle’s safety with these offerings then by paying a little bit extra premium you can cover them with the policy.  

The add-ons for car insurance may vary from company to company. Although, here we are going to discuss some of the common and mostly used add-ons presented by the insurance company. One thing to note, the additional features offered by the insurer are under own damage policy only. Whether it is a comprehensive or individual own damage policy. 

The most preferred and widely used add-ons are: - 

Nil-depreciation - It is also known as zero-depreciation. As the name of the policy suggests, the insurer pays for the bill of an accidental vehicle neglecting the depreciation value. All the car’s value is depreciated as the life of the vehicle grows, due to which the market value of the car also decreases. Therefore, the insurance company offers the nil-depreciation against the depreciated value of the car insurance. 

Return to Invoice - The return to invoice is an additional cover which serves at the time of theft or total loss. In the event of theft or total loss of the car, the insurer will compensate the insured, with the value of the compensation equal to the invoice value. 

Road Side Assistance - The damaged or accidental car which is not in a condition to drive and needs assistance, for such condition the insurer compensates the insured vehicle. 

Key Replacement - The car insurance with a ley replacement add-on cover will reimburse for the lost key of the car. As the new key is much costlier than it should be, so choosing a key replacement add-on can be beneficial. 

Engine Protection - The most important part of the car is the engine and its protection is essential. In case, if the engine is damaged, it would cost you much higher. From paying a heavy bill for recovery of the engine, car insurance with an engine protection add-on will be helpful. The insurer will compensate for the damages. 

Personal Belongings - Car Insurance with the personal belonging add-on offers you compensation for the belongings that are carried by the insured in the car. The company compensates only for the registered belongings. 

We have discussed all the major add-ons that are offered by the insurance company under car insurance. These features are widely used by the customers. The benefits of them can save a lot of money for the insured. We would like to suggest opting for the add-on as per the requirement. If you will find the add-on by different companies, you are going to explore differences in every company serving. 

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