Common Add-on Covers under a Motor Insurance Policy

Here is the list of common add-on covers which you can add-on while buying a comprehensive car insurance policy:

Zero depreciation: whenever there is a claim, the insurance company factors in depreciation value of your vehicle parts to calculate the amount payable. Irrespective of the actual cost you may incur for repairs/ replacement, certain proportionate value the insured needs to bear. A zero depreciation cover offers complete coverage without factoring in depreciation. It ensures that in the case of an accident, the insured will receive the full claim amount without any deductions on the value of the parts.

Invoice cover: in the case of theft or total loss, the insurance company will pay you the depreciated value of the vehicle, which is normally lesser than the invoice value. Incase, you opt for invoice cover, then the insurance company will pay the actual invoice value of the vehicle, including the first time registration charges and road tax.

24x7 roadside assistance: if your vehicle has stopped running due to non-accident related events for eg. Mechanical or electric breakdown, flat tire, etc. Then 24x7 roadside assistance will provide support at a very nominal price which is basically not covered under your normal motor insurance policy

Engine protection: your regular cover does not cover damage caused To the engine due to leakage of lubricating oil, damage to the gear box or if the car is submerged in a water logged area. An engine protection covers consequential damage to the engine due to any of these reasons.

Ncb protection: ncb or no claim bonus is the discount you will receive on the premium for every consecutive claim-free renewal. But in case there is a claim then the bonus will be reduced to 0%. Ncb will preserve your current bonus during the renewal Incase there is a claim during the preceding year.

Roadside assistance:There can be certain emergencies which can occur when you are driving at a remote location. A quick road side assistance can act like a survivor. Let us list down few services that you can avail under a roadside assistance are:-

  • Emergency towing assistance in the event of breakdown
  • Emergency towing assistance in the event of an accident
  • Repair on the spot (includes batter failure)
  • Flat tyre
  • Emergency fuel delivery
  • Accommodation
  • Cab services

Note: every insurance company offers a different set of assistance. Please click here to know more.

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