Top 3 most underrated Motor Insurance Add-ons you must have

Top 3 Most Underrated Car Insurance Add-ons You Must Have

Motor vehicles move the world today. As we go on with our ever-progressive lives, we rely heavily on motor vehicles. Motor vehicles are an essential part of our personal and professional lives. But with increasing traffic, road accidents, theft cases, and daily bumps and bumps, car owners have become sensitive to car insurance. A safety net that protects your vehicle, car insurance has become a necessity for all car owners. This notion was further supported in the Motor Vehicles Act 1988 which makes motor insurance compulsory for all vehicles.

However, there are several damages that basic car insurance does not cover. Let’s say, for example, that part of your car needs to be replaced. Now, the final invoice you receive will include not only the cost of the replaced part, but also the labor charge for replacing the part. Recognizing the possibility of such situations, insurers have introduced add-ons that provide extended coverage over general auto insurance.

This idea has been widely accepted and add-ons such as zero depreciation, bill return, motor protection, etc. have become more and more popular over time. However, there are several add-ons which are not very popular but come in handy for car owners at crucial times. Let’s take a look at three of the most underrated add-ons for vehicle owners:

1. Daily allowance supplement

Imagine that your car has gone to be repaired and that you have to manage your transport for a few days. This means that you will have to depend on public transport to get from place to place. “While using public transport such as taxis, buses etc. has its challenges, it also has a price you would have to pay to get around. This is when per diem cover can help you by lightening your load while bearing the cost of repairs.It provides compensation of up to Rs 500, usually for 14 days, but this varies from insurer to insurer.It not only relaxes your pocket, but also helps you get on with your life unfettered. This add-on is a great choice for one-vehicle households,” informs Sanjiv Bajaj, Jt. President and Managing Director, Bajaj Capital Ltd.

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2. Supplement loss of personal effects

Undoubtedly, the thought of a stolen car will leave car owners sad and desperate. Also, if the vehicle is carrying valuables, this nightmare escalates to a whole new level. While comprehensive car insurance covers the car owner in the event of car theft, it does not cover the loss of stolen property. A Loss of Personal Belongings add-on comes in very handy in such situations as it compensates for the loss of a car owner’s personal items. This add-on covers electronic gadgets such as mobile phones, laptops, computers, tablets, etc. with a limit of Rs 25,000 for mobiles and Rs 50,000 for laptops. Also, with this add-on, your NCB does not decrease and remains unchanged.

3. Key replacement add-on

There is an endless amount of stress that comes with losing your vehicle keys. “With the rise of encrypted car keys, most cars today are computer coded. key to his vehicle.These high-end locking systems cannot be cracked by local locksmiths and require the assistance of an approved manufacturer.This cost usually ranges in the thousands of rupees and varies from manufacturer to manufacturer. “Other. Having a key replacement add-on is very useful in circumstances such as the insurer compensates for the new replaced key. Some insurers even pay for the cost of installing a lock system,” says Bajaj.

Having extended coverage for the protection of your vehicle is the need of the hour today. So, if you’re considering getting a new car insurance policy or renewing an existing one, it’s a great idea to consider these add-ons for long-term security.


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