Car Insurance Add-on Covers
Buying a car is considered an important milestone in your journey to financial independence. However, with reckless driving leading to accidents, it is important to protect your car with comprehensive car insurance.
Complete Guide to Add-on Covers in Car Insurance
Comprehensive insurance for a car pays for damages and repairs to the insured vehicle, reduces your liabilities, pays for your hospitalisation expenses in case of an accident, compensates the family after your demise, and you can get a lower quote for car insurance online.
What is an Add-on Insurance for Car?
Most drivers have insurance for their car because it is mandated by law. However, with the use of insurance riders, policyholders can strengthen a basic policy at an extra premium. This is because even a comprehensive cover does not provide wholesome protection against unpredictable eventualities such as weather, road quality, damage to components, etc.
Add on Insurance for Car by Tata AIG
Tata AIG car insurance goes beyond a mere piece of paper and, apart from protecting the driver and their car, also covers third-party liabilities. The 4-wheeler insurance by Tata AIG enables you to strengthen and extend your basic cover with the choice of 12 unique car insurance add-on options:
- No Claim Bonus (NCB) Protection Cover
NCB is a reward given by an insurance company to the insured member for not raising any claim request during the policy year. This reward accumulates over time with up to a 50% discount on the premium amount when you renew car insurance online or in person. However, you can risk losing your NCB if you have to make a claim. With an NCB protection car insurance cover, you can make ‘one’ claim against your car insurance policy, within a policy year, without having it affect your overall NCB.
- Roadside Assistance Cover
A roadside assistance cover acts as a trusted ally when your vehicle breaks down while in transit. Anything from a flat tyre to a dead battery is looked after with on-the-spot repairs through this cover. The roadside assistance number for Tata AIG is 1800 266 7780. Save it and use it whenever you need on-the-road assistance.
- Repair of Glass, Fibre, Plastic, and Rubber Parts
There is no need to replace entire parts if there is minor damage to the glass, rubber, plastic, or fibre parts of your car. With this add-on, you can head to an authorised service station or garage and get the part repaired instead. Additionally, this does not affect your NCB.
- Daily Allowance
If your car needs to be in the repair shop for longer than expected, this cover provides the policyholder with a daily allowance to ease their commute. This allowance is payable for 10-15 days, depending on the cause of the car insurance claim.
- Emergency Transport and Hotel Expenses
If your car encounters a small accident in the middle of a journey, this rider pays for your overnight stay in a hotel or looks after the charges to travel back home or to the closest city you’re travelling to so that you are not left stranded.
- Key Replacement
This rider covers the cost of key replacement in case they are lost or stolen or if your car has been broken into. It also pays for the labour cost for replacing the locks.
- Engine Secure
If you live in a flood-prone area, you can protect your car’s engine against damage with this rider. It undertakes expenses incurred for the repair and replacement of internal parts of the engine, gearbox, transmission, and differential assembly, including the lubricating oil and consumables used in the assembly, excluding fuel.
- Tyre Secure
This rider covers repair and replacement expenses owing to accidental loss or damage to tyres and tubes.
- Consumables Expenses
This rider covers the cost of consumables that need to be replaced or replenished owing to an accident of the insured car. The consumables include engine oil, gearbox oil, lubricants, nut & bolt, screw, distilled water, grease, oil filter, bearing, washers, clip, brake oil, air conditioner gas, and items of similar nature excluding fuel.
- Return to Invoice
If an accident leaves your car in a total loss or constructive total loss, or if it is stolen, under this cover, the insurer is reimbursed with the difference between the sum assured and the invoice value of the car.
- Zero Depreciation Cover
Zero Depreciation Cover cover pays the policyholder for the amount of depreciation deducted on the value of replaced parts under their own damage claim.
- Loss of Personal Belongings
This rider pays for the loss or damage to the insured and their family members’ personal belongings, including audio/videotapes, CDs, etc. It excludes coverage on the loss of money, jewellery, bank-related items such as debit cards, cheques, etc.
Buy Insurance for Your Car from Tata AIG Car Insurance
Car Insurance from Tata AIG comes with the promise of complete protection during times of trial. To enable a hassle-free purchase, insurance-seekers can get a quote for car insurance online by calculating the premium amount for their 4-wheeler insurance. With easy-to-understand procedures, policyholders can also renew car insurance online from the Tata AIG website.
In conclusion, add-on insurance for car enhances protection to deal with uncertain scenarios while travelling. It can relieve you of the financial stress of dealing with unpleasant accidents (major or minor) by providing you with the right assistance and protection.
To help you make an informed car insurance purchase, we have enlisted some commonly asked questions concerning insurance for car:
Which insurance is mandatory for a bike?
For any Indian rider, a third-party bike insurance cover is mandatory under the Motor Vehicles Act, 1988.
What is add-on coverage in car insurance?
An add-on or a rider is an amendment to a basic insurance policy that enhances its protection by charging an extra premium.
What extras do I need with car insurance?
Add-ons such as zero deprecation, roadside assistance, and engine coverage are prudent choices that are relevant for every driver.
What are the benefits of add-on covers for motor insurance?
Each insurance rider has distinct advantages that can save the driver from incurring heavy losses in the event of an unfortunate scenario. As even a comprehensive cover does not offer all-inclusive protection against unpredictable eventualities, it is recommended to purchase insurance riders for complete protection.