When purchasing insurance for your vehicles, be it a bike, private car, or commercial vehicle, opting for additional coverage beyond the standard policy can provide added protection and peace of mind. These additional coverages, known as add-ons or riders, offer specific benefits that cater to diverse needs and risks. Let’s explore the various add-ons available for each type of vehicle:
Add-ons for Bike Insurance:
- Zero Depreciation Cover: There are multiple parts of a bike, and by-passing time they become old and their value decreases. When you buy a new bike each part costs differently let’s say If one part of your bike costs 1000 Rs. and you do not have zero-depreciation covered in your insurance then the insurance company sets some depreciation amount on it let’s say 30%. So, when in future that part is changed, the insurance company will pay 700 Rs. and you have to pay 300 Rs. and this goes with every part. So if you have a zero-depreciation cover, you receive the full claim amount without deducting depreciation on bike parts during repairs or replacement.
- Roadside Assistance: Provides assistance such as towing, battery jump-start, fuel delivery, and flat tire assistance in case of breakdowns.
- Engine Protection: Covers damages to the bike’s engine and its internal parts due to accidents, water ingression, or lubricating oil leakage.
- Accessories Cover: Protects additional accessories fitted on the bike, such as customized seat covers, music systems, and alloy wheels, against theft or damage.
- Personal Accident Cover: Offers financial compensation in case of accidental death or permanent disability of the insured person.
Add-ons for Private Car Insurance:
- Zero Depreciation Cover: Similar to bikes, this cover ensures full reimbursement without depreciation deductions during repairs or replacement of car parts.
- NCB Protection: Preserves the accumulated No-Claim Bonus (NCB) even after filing a claim, allowing for continued premium discounts at renewal.
- Return to Invoice (RTI) Cover: Provides coverage for the original invoice value of the car in case of total loss or theft, ensuring you receive the vehicle’s full purchase price.
- Roadside Assistance: Offers emergency services such as towing, flat tire change, minor repairs, and fuel delivery during car breakdowns.
- Key Replacement Cover: Covers the cost of replacing lost or stolen car keys, including locksmith charges and reprogramming of immobilizers.
Add-ons for Commercial Vehicle Insurance:
- Goods in Transit Cover: Protects goods and cargo being transported by the commercial vehicle against theft, damage, or loss during transit.
- Driver Cover: Provides personal accident cover for the driver, offering financial compensation in case of accidental death or disability.
- Legal Liability Cover: Extends coverage to legal liabilities arising from third-party bodily injury, property damage, or death caused by the commercial vehicle.
- Passenger Cover: Offers personal accident cover for passengers traveling in the commercial vehicle, ensuring financial protection in case of accidents.
- Fiber Glass Tank Cover: Specifically for tankers carrying hazardous chemicals, this cover protects against damages to the fiber glass tank due to accidents or mishaps.
Choosing the Right Add-ons:
When selecting add-ons for your vehicle insurance, consider your specific requirements, driving habits, and budget constraints. Assess the value each add-on provides in enhancing your coverage and mitigating potential risks. Insurance companies like Click4bima offer customizable policies with a variety of add-ons tailored to meet individual needs and preferences.
Conclusion:
Add-ons play a crucial role in enhancing the scope and effectiveness of your bike, private car, or commercial vehicle insurance. By opting for relevant add-ons, you can tailor your insurance coverage to suit specific risks and ensure comprehensive protection against unforeseen events. Understanding these options empowers you to make informed decisions and secure your vehicles with adequate insurance coverage.
Whether you’re a bike enthusiast, a private car owner, or a commercial vehicle operator, exploring and selecting appropriate add-ons ensures you’re prepared for any eventuality on the road.
