17 Must-Have Car Insurance Add-Ons To Boost Policy
When it comes to car insurance, having the right coverage is essential. While standard policies provide basic protection, there are additional add-ons that can enhance your coverage and provide extra peace of mind. we will explore various car insurance add-ons that can boost your protection on the road. From personal injury protection to roadside assistance and rental reimbursement, these add-ons offer comprehensive coverage for unexpected situations. Discover how you can maximize your car insurance policy.
List Of Car Insurance Add-Ons That Boost Your Policy
Car insurance add-ons offer additional layers of protection beyond the standard coverage. These add-ons provide coverage for specific situations that may not be included in your basic policy. By adding these options to your car insurance, you can ensure that you are well-protected in various scenarios. Some of the most valuable add-ons available.
1. Comprehensive Coverage
Comprehensive coverage is a necessary add-on that provides extensive protection for your car. It covers damages caused by accidents, theft, fire, natural disasters, and vandalism. With this add-on, you can rest assured knowing that your vehicle is protected against a wide range of risks. Comprehensive coverage protects your vehicle against non-collision incidents such as theft, vandalism, natural disasters, and falling objects. Adding comprehensive coverage to your policy ensures that your car is protected in a wide range of situations, giving you peace of mind.
This coverage also includes third-party liability, which safeguards you against legal liabilities arising from bodily injury or property damage caused to a third party. Whether it’s a minor scratch or a major accident, comprehensive coverage ensures that you have the financial backing to repair or replace your car.
2. Roadside Assistance
Life is unpredictable, and car breakdowns can happen at any time. That’s where roadside assistance comes to the rescue. This add-on provides round-the-clock support in case of emergencies such as a flat tire, battery jump-start, towing, fuel delivery, or even locksmith services. Roadside assistance is a valuable add-on that provides help when you find yourself stranded on the side of the road. Whether you have a flat tire, run out of gas, or need a jump start, this add-on ensures that help is just a phone call away. Roadside assistance can also provide towing services if your vehicle needs to be transported to a repair shop. This add-on is especially useful for long commutes or when you frequently travel to unfamiliar areas.
By opting for roadside assistance, you can drive with peace of mind, knowing that help is just a phone call away. Whether you’re stranded on a deserted road or facing a minor inconvenience, this add-on ensures that you’re back on the road as quickly as possible.
3. Zero Depreciation Cover
As your car ages, it undergoes depreciation, which reduces its value. In the event of a claim, your insurance provider typically considers depreciation while settling it. With a zero depreciation cover, you can avail of full claim settlement without factoring in depreciation. This add-on is particularly beneficial for new cars or vehicles with a higher market value. By opting for zero depreciation cover, you can recover the entire cost of repairs or replacements without any deduction due to depreciation.
4. Engine Protection
Your car’s engine is its heart, and any damage to it can be financially burdensome. Engine protection add-on offers coverage against damages caused by water ingression, leakage of lubricating oil, or engine seizure. It provides coverage for repairs or replacements of the engine and its essential components. Given the high costs associated with engine repairs, having this add-on can save you from significant financial setbacks. It is especially crucial if you reside in an area prone to waterlogging or frequently encounter heavy rainfall.
5. Return to Invoice
In the unfortunate event of total loss or theft of your car, the return to invoice add-on ensures that you receive the original invoice value of your vehicle. Instead of settling for the current market value, this cover bridges the gap between the insured declared value and the invoice value. By opting for this add-on, you can avoid financial losses that occur due to depreciation. It provides you with the peace of mind that you can replace your stolen or damaged vehicle with a new one of the same make and model.
6. No Claim Bonus Protection
Insurance providers reward policyholders for not making any claims during a policy year with a no-claim bonus (NCB). The NCB can accumulate over time and result in significant savings on your premium. However, a single claim can wipe out this bonus. To protect your NCB, you can opt for the no-claim bonus protection add-on. With this cover, you can make up to a certain number of claims without losing your hard-earned NCB. It helps maintain your NCB even if you encounter an unforeseen incident.
7. Consumables Cover
In the case of a Consumables Cover claim, the expenses for consumable items like nuts, bolts, engine oil, coolant, and more are usually not covered by standard insurance policies. However, with the consumables cover add-on, these expenses are taken care of. This add-on reimburses the cost of consumables required during repairs. It ensures that you don’t bear the burden of these expenses out of pocket. By opting for this add-on, you can have a hassle-free claims process and avoid any financial strain.
8. Key Replacement
Losing or damaging your car keys can be both frustrating and expensive. The key replacement add-on offers coverage for the replacement of lost or damaged car keys. It includes the cost of a new key, lockset replacement, and reprogramming charges, if applicable. With this add-on, you don’t have to worry about the high costs involved in getting a new set of keys. It provides convenience and financial protection in case of key-related emergencies.
9. Daily Allowance Benefit
When your car is undergoing repairs after an accident, you may need to arrange alternate means of transportation. The daily allowance benefit add-on offers a fixed daily amount to cover your transportation expenses during the repair period. By opting for this add-on, you can continue your daily commute without any hassle. It provides financial assistance to ensure that you can easily manage your transportation costs until your car is back on the road.
10. Tyre Protection
Tires are susceptible to damage from road hazards such as potholes, nails, and debris. The tyre protection add-on covers the cost of repairs or replacements of damaged tires due to such hazards. This add-on offers peace of mind knowing that your tyres are protected against unexpected damage. It saves you from the financial burden of replacing expensive tyres and ensures that you can maintain optimal safety on the road.
11. Invoice Protection
While comprehensive coverage provides adequate protection for your car, it may not cover the entire invoice amount in case of a total loss or theft. The invoice protection add-on bridges this gap and ensures that you receive the full invoice value of your car. By opting for this add-on, you can safeguard yourself against financial losses that occur due to depreciation. It provides the necessary funds to replace your vehicle with a new one, without any compromise.
12. Personal Accident Cover
Car accidents can lead to injuries, and it’s crucial to have personal accident cover to protect yourself and your loved ones. This add-on provides coverage for accidental death, permanent total disability, and permanent partial disability. By opting for personal accident cover, you can ensure that you and your family are financially secure in case of unfortunate events. It offers peace of mind and a sense of security during your travels.
13. Loss of Personal Belongings
Car theft or break-ins can lead to the loss of personal belongings, including gadgets, documents, and other valuable items. The loss of personal belongings add-on provides coverage for such losses.
With this add-on, you can be compensated for the loss or damage of personal belongings due to theft or burglary. It offers financial protection and helps you recover from the loss more easily.
14. Personal Injury Protection (PIP)
Personal Injury Protection, commonly known as PIP, is an essential add-on that covers medical expenses and other related costs in case of an accident. It provides coverage for you and your passengers, regardless of who is at fault. With PIP, you can receive reimbursement for medical bills, lost wages, and even funeral expenses. This add-on is particularly beneficial if you live in a no-fault insurance state or if you frequently have passengers in your vehicle.
15. Rental Reimbursement
In the event of an accident or covered incident that leaves your vehicle in the shop for repairs, rental reimbursement coverage ensures that you won’t be left without a car. This add-on covers the cost of renting a vehicle while yours is being repaired. It offers convenience and peace of mind, knowing that you can still go about your daily activities even if your car is out of commission.
16. Gap Insurance
If you have a car loan or lease, gap insurance is a crucial add-on to consider. In the unfortunate event that your vehicle is totaled or stolen, standard insurance coverage may only reimburse you for the actual cash value, which may be significantly less than what you owe on your loan or lease. Gap insurance bridges this gap and covers the difference, ensuring that you are not left with a financial burden.
17. Uninsured/Underinsured Motorist Coverage
Uninsured/underinsured motorist coverage is an important add-on that protects you if you are involved in an accident with a driver who doesn’t have insurance or has insufficient coverage. In such situations, this add-on provides coverage for your medical expenses, lost wages, and other damages. It ensures that you are not left to bear the financial burden if you are hit by an uninsured or underinsured driver.
FAQs
Car insurance add-ons are additional coverage options that you can include in your policy to enhance your protection. These add-ons provide coverage for specific situations or expenses that may not be covered under the standard policy.
Yes, most insurance providers offer various add-ons that you can customize to meet your specific needs. You can choose the add-ons that are most relevant to you and add them to your policy.
The cost of car insurance add-ons varies depending on the coverage and the insurance provider. Some add-ons may be more expensive than others, but they can offer valuable protection in certain situations. It’s important to evaluate your needs and budget when considering add-ons.
The add-ons mentioned in this article are just a few examples of what’s available. The add-ons you need will depend on your individual circumstances, driving habits, and preferences. It’s recommended to assess your needs and consult with an insurance agent to determine the most suitable add-ons for you.
In most cases, you can add or remove add-ons from your policy at any time, although it may be subject to certain terms and conditions set by your insurance provider. It’s best to contact your insurance company directly to inquire about making changes to your policy.
Adding add-ons to your policy will generally increase your premium since you are expanding your coverage. However, the exact amount of the increase will depend on various factors such as the add-on selected, your driving history, and the insurance provider’s pricing structure.
Conclusion
Boosting your protection with car insurance add-ons is a smart decision that can provide invaluable peace of mind on the road. From personal injury protection to roadside assistance, rental reimbursement, and more, these add-ons offer comprehensive coverage for unexpected situations. By customizing your policy with the right add-ons, you can ensure that you are well-prepared for any potential risks and enjoy a worry-free driving experience.
