In this day and age, where we live in a concrete jungle and frown at public transport, cars are no longer an extraordinary affair. Nowadays, almost every second guy owns a car. However, with car comes the mandatory regulation of having it insured. According to the law, all the car owners must compulsorily have their cars insured.
A car insurance is comprehensive as companies provide various additional features along with the basic insurance to the policyholders. These additional features are called riders, or add-ons, and they can be added to the basic car insurance by the policyholders to get coverage for more number of problems that your car might have in the future. Here are some add-ons that can enhance your car insurance a lot, you can check them while doing car insurance comparison online.
Zero Deprecation Rider
The Zero Deprecation Rider is amongst the most popular of riders that people buy as an add-on to their car insurance. A zero-deprecation rider makes sure that the policyholder gets paid the full cost of damaged parts that are replaced in case there is an accident. However, this rider gets costlier for the same vehicle as time passes, since the parts become more expensive to retrieve. This can adversely affect your premium as it will shoot up too.
NCB stands for No Claim Bonus, and it is a privilege given to all the customers by the insurance companies. A policyholder is eligible to receive a No Claim Bonus in case he doesn’t raise any claims from the insurance company for a whole insurance cycle. NCB is given after the first insurance cycle and it starts at 20% and can go up to 50% at the end of 5 years. A person who is eligible for NCB has the amount deducted from his premium and is required to pay only the balance amount.
Loss of Personal Belongings from the Vehicle
This add-on can be applied to your car insurance, in case your personal belongings, like your mobile or wallet or any electronic goods, are stolen from a locked car. This add-on covers a range of personal items and can be insured for a sum of up to Rs.50,000.
This is a very basic add-on which you can add to your car insurance. In case you have this add-on, you are eligible to be reimbursed by the insurance company in case you lose your key and have to replace it.
Quick on-road Assistance
This is a pretty helpful add-on which you can buy along with your car insurance if you often travel to remote areas in your car. In case you buy this add-on, and if there is car breakdown due to engine malfunction or flat tire, then you can obtain fuel assistance, taxi, and accommodation from the insurance company.
Getting some of these add-ons tied up to your car insurance can make your insurance more comprehensive. It can help you in the future by offering apt coverage to your four-wheeler.