How Necessary is an Add On Car Insurance Plan?

A car insurance policy provides coverage for your car and any related third party liabilities. A generic plan provides coverage for most of the aspects, but there are limitations as it does not include all the necessary aspects. These remaining aspects can be covered by add ons. Third party car insurance plans provide coverage for property damage, death and physical injuries for the ones who suffered due to the driver. Such plans do not cover the driver. Collision insurance covers the damage of collision as clear from the name. Comprehensive plans provide coverage for the driver, the car as well as any, third party involved.

However, the three types of insurance plans do not include damages of the engine, gearbox, oil leakage, car parts, accessories, road assistance, water damages and oil leakages, among many other things.

In case of such damages, an add on insurance can help save quite a few bucks.

So, listed below are the most popular and practical add on plans worth considering for a car owner:

Engine Protection

The engine is susceptible to damages related to water ingression and hydrostatic locks among other things. Especially during floods, engine malfunctions can take a huge chunk off your finances. An add on feature here can save these expenses.

Coverage for Road Assistance

This add-on plan provides roadside assistance related to flat tyres, battery issues, towing of the car, vehicle arrangement and accommodation.

Coverage for Zero Depreciation

Having this add on feature allows the insurer to avail complete replacement costs without any deductions of depreciation. This feature is of importance for car owners who purchased their vehicles a couple of years back.

Individuals can consider their options from the aforementioned list and choose one or more of the add-on coverage plans as per their needs.

To get more information about such plans, the resource given below should be checked out: Why Is Add-On Car Insurance Coverage Essential For Your Car?

Comments

Quick Guide For Zero Depreciation In Car Insurance

Some parts of your car face wear-and-tear faster than the others and these parts are often referred to as depreciated parts. Once you file for an insurance claim, the insurance company deducts a value equal to the depreciated value of all such parts and does not settle your claim in full. The parts that are made up of rubber, plastic, fiber, etc. fall in this category. If you want to avoid this deduction from the final claim amount, you can avail of a zero depreciation car insurance cover. It is also known as nil depreciation cover as it nullifies the deduction from the claim amount due to the deprecated components of your vehicle. The benefits of a zero depreciation car insurance policy are stated below: Comes at a reasonable price If you have already purchased a comprehensive car insurance policy, you can avail of a zero depreciation car insurance cover at a nominal price. It is because it is an add-on insurance policy that only enhances your claim amount to reduce the part of the

Necessary Information On Hospital Cash Insurance Plan

Medical treatments these days are a matter of the huge amount of money. And if you need quality treatment facility from the super-specialty hospitals and clinics you need a medical insurance plan for you and your family. If you are planning for the medical insurance plan with hospital cash cover , then be sure to consult with the best insurance plan provider. Let us discuss in details. Financial companies such as reputed NBFC Bajaj Finserv and other insurance companies have their own health insurance policies that range from smaller amounts of bigger amounts. All these medical policies fall under the pocket insurance policy scheme. It gives clients the facility to get benefits with minimum investments. The procedure is quick and does not require lengthy documentation. You can get a higher amount of money with such hospital cash insurance to continue medical treatments even for critical patients. Just make sure you read the policy details clearly before you in

Know Detailed Information About Acko Bike Insurance

If you’re a bike enthusiast, you know that it’s important to have the right coverage for your bike. Acko Bike Insurance provides comprehensive coverage for bikes, offering a range of plans to suit different needs. Acko Bike Insurance is an insurance product from Acko General Insurance, a digital-first insurance company based in India. It’s an innovative product that provides comprehensive coverage for two-wheelers, offering a range of plans and features to meet the specific needs of bike owners. Acko Bike Insurance provides coverage for a range of bikes, from standard models to high-end bikes. The coverage includes accidental damage, theft, fire, and natural disasters. It also covers legal liabilities, including for third-party property damage and bodily injury. The main benefits of Acko Bike Insurance are the comprehensive coverage and the flexibility of the plans. You can choose from a range of plans, each with its own set of features and benefits. You can also customize the co

All Insurance News and Plans

Search This Blog