About Add-On Covers in Auto Insurance
Auto Insurance is an important part of acquiring a vehicle. There are few people who consider it as useless annual expenses, but there are many insurance products that can provide you multiple benefits that can increase the vehicle cover as well as for its owner.
In this time of increasing needs, there are many external factors that affect the owner of the vehicle directly and indirectly. Therefore, Auto Insurance is not always sufficient, and add-on covers become necessary. Below is the list of some add-on offered by different auto insurance companies
Zero depreciation
Zero Depreciation is the policy that assures that you will get a full claim on the value of parts replaced after an accident. It is one of the most widely used add-on cover sold by auto insurers.
These insurance covers are offered only after 3 years from the date of buying the vehicle. With the increase in the age of the vehicle, the number of premium increases.
Quick road assistance
This auto insurance policy covers various services like a flat tire, empty tank, battery-related issues, and accidents. It enables these services in case of any emergency while one is driving to a remote location or an area where these services are not present. You can avail of fuel assistance, taxi accommodation benefits when stuck in a remote destination.
Engine and electronic circuit cover
It is an auto insurance policy that can come in handy when you face situations like waterlogging. It provides protection against engine and electronic circuits in case of flooding.
In such circumstances, there can be an engine failure, and this damage is not covered with normal motor policy. This policy is the best method to avoid huge cost repairs and replacement of circuits, which get easily damaged and cost a fortune.
Return to invoice
This add – on is offered only in the first year of buying a vehicle. Under this policy, you can get full value of the car in case it is completely damaged due to an accident. Also, you can get full reimbursement without the 5% depreciation.
No-claim bonus (NCB) retention
This add-on comes handy when you have not taken any insurance claim in the last five years. Generally, people buy an insurance cover for a year and then Renew Insurance Cover annually. This NCB policy acts as a reward by offering discounts of up to 50 percent. 
Personal accident cover
This plan covers the owner, the paid driver, or depending or both depending upon the insurance policy. In the case of owner-driver, a person is permitted to a 100 claim for death or permanent loss of limbs. This plan is not offered if the vehicle is owned by a firm, or if the buyer does not have a valid driving license.
In case, you have multiple covers, then the cover is only offered for one vehicle.
Loss of personal belongings
This add-on enables users to claim any theft or apparent loss of personal property, including laptops and electronic equipment, from a locked vehicle. Insurance companies provide a wide range of personal things loss claims, which can go up to Rs 50,000. 
