Top 5 Car Insurance Add-ons You Must Consider
Car insurance is essential for every vehicle owner. But many people don’t realize that a basic policy might not give full protection. That’s where add-ons come in. These extra covers give you peace of mind and help avoid big bills when things go wrong. Let’s explore five useful car insurance add-ons that every car owner should consider.
1. Zero Depreciation Cover
Normally, car insurance pays you after reducing the value of old parts. So, you may get less money than needed for repairs. With Zero Depreciation Cover, you get the full value—no deductions for age or wear. This is perfect for new cars or anyone who wants full protection for their vehicle.
2. Engine Protection Cover
A car’s engine is its heart, and repairs to it can be costly. Unfortunately, most standard insurance policies exclude damage caused by circumstances like water entering the engine or oil leaks. An Engine Protection Cover takes care of these expenses, ensuring your repair costs are fully covered. This is a crucial add-on for automatic or high-end vehicles where engine repairs can cost a significant amount.
3. Return to Invoice (RTI) Cover
If your car is stolen or deemed a total loss in an accident, a standard insurance policy will only reimburse you the current market value of the car. This value is usually much lower than what you originally paid. Enter the Return to Invoice (RTI) Cover. This add-on ensures you receive the full invoice amount of your car, including registration charges and taxes. It’s particularly useful for new car owners who want complete financial protection against such losses.
4. Roadside Assistance (RSA) Cover
Imagine breaking down in the middle of nowhere, whether due to a flat tire, dead battery, or running out of fuel. With a Roadside Assistance (RSA) Cover, you’re never stranded. This add-on provides 24/7 support, offering services like towing, jump-starting your car, or even bringing you fuel.
5. Consumables Cover
When your car undergoes repairs, there are always small components like engine oil, brake oil, nuts, bolts, and washers that need replacing. Unfortunately, these aren’t covered under a standard insurance policy.
A Consumables Cover ensures these “minor” costs are taken care of, saving you from unexpected charges during repairs.
Learn more from the official "IRDAI Car Insurance Guidelines."
