Four Little-known Motor Insurance Add-ons That Are Critical For Vehicle Owners

In case your vehicle breaks down and repairing takes time, traveling on cabs and public transport might be cumbersome. In such scenarios, the daily allowance add-on cover will get you an allowance up to Rs 500. This is generally provided for a period of two weeks so that you don't have to bear these daily transport expenses from your own pocket. This cover is highly recommended for people who are dependent on one vehicle.

There is a possibility that along with your car, your belongings may also get stolen. Although your comprehensive car insurance will cover you for the stolen car, it won't cover you for the belongings you had left in there. In such scenarios, a loss of personal belongings cover will come to your rescue. This add-on provides compensation to the vehicle owner in the event of baggage/belongings loss or damage. It's crucial to note that coverage is limited to electronic devices. The most significant benefit of purchasing this add-on is that it will not reduce your No-Claim Bonus (NCB).

Losing your car keys is quite stressful, especially when you are in a hurry. It can prove to be expensive and intricate enough that it cannot be duplicated by the local dealer. The car manufacturer's authorized service centre may charge you in thousands for a duplicate car key. Key replacement cover helps kavoid such expenses. Under this, the insurance company will compensate for the cost of the replaced key. Most insurance companies will additionally pay for the installation of the new lock. However, there exists a limit to the number of times you can use this within a policy period.

Tires suffer the most wear and tear, especially given the road conditions in India. Also, considering that your comprehensive insurance won't cover you for routine wear and tear, one can invest in a Tyre Protector add-on to protect his/her car tyres along with your standalone car insurance plan. This add-on will cover you for scenarios such as car Tyre(s)/Tube(s) bursts without being involved in an accident. Additionally, this will also cover labour cost, which includes, shifting, moving and fitting the tyre.