Add On Covers to Motor Insurance

Additional Covers are the protection given by the Insurance company that in eventuality of an incidence occurring, it would pay for the expenses or provide a cover for such occurrence. However additional covers usually protect against peculiar needs and must be specifically requested for by the insurer as the general motor insurance may not provide such coverage, making the individual liable for sure expenses. The following Additional covers can be availed in a car Insurance policy.

• Zero (Nil) depreciation cover
  Where the repair or replacement of plastic, rubber, glass and other materials is to be carried out which would otherwise not be covered in the regular comprehensive motor insurance policy. When making claim from the insurance company, the Individual, would bear the expenses pertaining to depreciation of the vehicle parts and excesses. Except the comprehensive motor insurance plan in force has a depreciation cover, only then can the insurance company bear the expenses for the depreciation of vehicle parts.
• Engine Protection Cover
  An ordinary comprehensive motor insurance plan provided by an insurer does not protect the vehicle from mechanical or electrical damages to the engine. Buying an engine protection add on cover offers your car engine the much-needed protection, especially if you reside in a swampy area.
• NCB Protection Cover
  NCB protection is a type of cover where a discount is offered to an insurer who does not lodge a claim throughout the policy period. NCB serves as a significant bonus offered by insurers to drivers who refrain from raising motor insurance claims in a policy year. To continue enjoying a discounted premium on your no-claim bonus year-on-year, even after making a claim during the policy period your vehicle insurance has to have an NCB protect cover.
• Invoice Cover
  Invoice cover is an add-on plan which protects your vehicle from total loss expenses and helps you recover as much as the car’s on-road price or Insured Declared Value, In eventuality of an incidence such as theft, bad accident, damage etc. When any of the above mentioned incidence occurs, this cover provides the actual invoice value of the vehicle, without accounting for its depreciation with age.
• Consumable Cover:
  The Components used in a Car such as screws, nuts and bolts, windscreen wipers, ball bearings, engine oil, etc. are collectively referred to as consumables which usually needs to be replaced due to wear and tear. The insurance company are not responsible for the cost of these components at the time of making a claim. However, if your vehicle insurance includes this add on, you will receive coverage for such consumables also.
• Key Protection Cover:
  In this cover, the insurance company reimburses the policy holder the cost of replacing vehicle keys if they were lost or misplaced.