Why Add-ons Matter in Car Insurance: 6 Must-Have Riders for Car Owners

A car is generally used for personal or commercial purposes. No matter for what purpose the vehicle is used, it is necessary to get it insured with mandatory third-party insurance. Buying comprehensive car insurance is an ideal choice for extended coverage and safety from unwanted financial burdens.

For complete risk coverage, insurers have facilitated the benefit of Add-ons which can help you cover most of the expenses that can occur at different intervals. It has limitless advantages and millions of users have already availed of the benefits. So why not you? Yes, no matter whether your car is new or old, you can go for the add-ons for car insurance also known as riders at a nominal premium with your comprehensive policy. These act as a rescue in actual times of need or trouble. So why not take advantage of it and enjoy complete peace of mind?

In this blog, we have discussed the importance of add-ons for a car, the varied riders, the must-have riders for a car, and more. This information may be crucial and help you make the right decision when it comes to buying total protection for your personal or commercial luxury or standard car.

Why Are Add-ons or Riders Necessary?

Standard car insurance policies, including third-party liability and comprehensive plans, cover basic risks such as property damage, third-party injury, and legal liabilities. However, they do not cover specific scenarios or expenses that may arise due to unforeseen circumstances. This is where add-ons come into play, offering additional coverage to mitigate financial burdens effectively.

To learn more about the differences between standard motor insurance policies, check out Third-Party vs. Comprehensive Car Insurance.

Key Benefits of Add-ons:

• Enhanced Coverage: Protects against specific risks not included in the standard policy.
• Financial Relief: Reduces out-of-pocket expenses during emergencies.
• Customizable Options: Allows you to tailor the policy to your unique needs.

Here are the 5 Tips to Consider while Choosing the Right Add-ons for Car Insurance:

Before adding riders to your car insurance policy, keep the following tips in mind:

1. Stick to What You Need: Avoid getting swayed by all the available add-ons. Evaluate the specific risks you face and select riders that address those concerns. Opting for unnecessary add-ons can inflate your premium.
2. Understand Hidden Costs: Some riders may include excess amounts, requiring you to pay a portion of the claim. Read the policy documents carefully to avoid surprises.
3. Customize Your Coverage: Riders provide the flexibility to personalize your insurance plan. Select add-ons that complement your driving habits and vehicle usage.
4. Ease of Addition: Most insurers allow you to add riders either during policy purchase or renewal. Many providers also facilitate this process online.
5. Cover Multiple Risks: Riders can cover a variety of scenarios, such as engine repairs, medical expenses, and roadside assistance. For a deeper understanding of comprehensive motor insurance benefits, visit Types of Coverage in Motor Insurance.

Now let us learn about the necessary add-ons for a car here so that it can make you stress-free.

6 Must-Have Riders for Car Owners in India

The below discussed are the few must-have riders for a car owner in India:

1. Zero Depreciation Cover:

Do not forget that cars like other vehicles are assets that depreciate over time and thus lose value. Insurers while settling a claim deducts the depreciation amount. If you have the zero depreciation cover you get the additional benefit. Your insurer in this case does not deduct this money and makes the payment for repair & replacement of your car's components made of plastic, rubber, and fibre. It is strongly recommended for new cars and cars below 5 years of age.

2. Engine Protection Cover:

The standard car insurance plans do not provide risk coverage for the engine in a car. So, you are required to pay the expenses of engine repair in case it gets damaged due to any reason. The Engine cover rider protects and compensates for the cost of engine repair. It is good to buy it.

3. Medical Expense Cover:

It protects yourself and your loved ones. Accidents can happen, and when they do, the last thing you want to worry about is the financial burden of medical expenses. With the medical expense rider cover, you can rest easy knowing that you and your passengers are protected. If you're ever involved in an accident, you'll have access to quality medical care at top-notch facilities, all covered by your insurance. For more details on the importance of motor insurance, visit Importance of Motor Insurance.

4. No Claim Bonus (NCB) Retention:

It helps you keep your savings safe. Insurers reward safe driving! The No Claim Bonus (NCB) retention rider lets you keep your hard-earned savings. Drive safely and claim-free, and you'll earn a discount on your next renewal. Even if an unfortunate accident occurs, the NCB retention rider helps you file a claim without losing your valuable NCB.

5. Roadside Assistance:

Breakdowns and emergencies can occur anytime. This add-on provides 24/7 assistance, including towing services, fuel delivery, flat tyre changes, and on-site repairs. Explore similar benefits in Car Insurance Types, Benefits, and How to Choose.

6. Ambulance and Emergency Medical Assistance:

Emergencies don't wait. The ambulance and medical expenses rider ensures you get the help you need, when you need it. If you are involved in an accident and require immediate medical attention, it will cover the costs of ambulance transportation and emergency medical treatment.

Final Thoughts

Car insurance add-ons are like a safety net, offering extra protection for your vehicle and yourself. While the basic car insurance policy covers the essentials, add-ons can provide comprehensive coverage against a wide range of risks. By understanding the different types of add-ons and their benefits, you can make informed decisions to safeguard your investment. For more insights and guidance, explore our detailed blog on Add-ons for Motor Insurance.

Remember, a comprehensive car insurance policy is not just about meeting legal requirements; it’s about peace of mind. By investing in the right add-ons, you can drive with confidence, knowing that you are protected against unexpected events. For more information and to buy riders, you can visit InvestKraft anytime.

Frequently Asked Questions (FAQs)

Q1. What are car insurance add-ons?

Car insurance add-ons, or riders, are optional coverage options that you can purchase along with your basic car insurance policy. These add-ons provide extra protection for your vehicle and yourself in specific situations.

Q2. Why should I consider adding riders to my car insurance?

Riders offer comprehensive coverage, ensuring that you are protected against a wider range of risks. They can help you avoid significant financial burdens in case of unforeseen incidents.

Q3. How can I choose the right car insurance add-ons?

To choose the right car insurance add-ons, consider your specific needs, budget, and the risks you want to be protected against. You can consult with your insurance agent or compare different policies online to make an informed decision.

Q4. What are some common car insurance add-ons?

Some common car insurance add-ons include:

• Roadside Assistance
• Zero Depreciation Cover
• Engine Protection Cover
• Personal Accident Cover
• Loss of Personal Belongings Cover

Q5. How much do car insurance add-ons cost?

The cost of car insurance add-ons varies depending on factors like your car's model, location, and the specific coverage you choose. However, the additional premium is generally affordable and can provide significant benefits.

Q6. Can I add riders to my existing car insurance policy?

Yes, you can usually add riders to your existing car insurance policy. However, the specific process and eligibility criteria may vary depending on your insurance provider.

Q7. Are car insurance add-ons mandatory?

No, car insurance add-ons are not mandatory. You can choose to purchase the add-ons that best suit your needs and budget.

Q8. What is the benefit of a Roadside Assistance add-on?

A Roadside Assistance add-on provides coverage for emergency services like towing, fuel delivery, tyre change, and battery jump-start. This can be particularly helpful in case of breakdowns or accidents.

Q9. What is Zero Depreciation Cover?

Zero Depreciation Cover helps you claim the full insured value of your car in case of a total loss or theft, without any depreciation deductions.

Q10. What is an Engine Protection Cover?

Engine Protection Cover provides coverage for damage to your car's engine due to accidental water access or other unforeseen events.


 

Author: Rajesh Mishra

Rajesh Mishra is a professional and multilingual writer with over 12+ years of versatile experience in content writing.

He has crafted compelling narratives across a diverse array of industries, including BFSI, fintech, IT, pharmaceuticals, e-commerce, education, fashion, and more. He is a commerce graduate from Mumbai University. His strong academic foundation and passion for storytelling enable him to engage audiences and deliver impactful content.

 

He is adept at transforming complex concepts into clear, relatable language, making his work accessible to both, industry professionals and everyday readers. He thrives in dynamic environments, leveraging his extensive knowledge to create articles, blogs, whitepapers, and marketing materials that resonate with target audiences. Driven by a commitment to excellence and a keen eye for detail, Rajesh Mishra continuously explores emerging trends and technologies, ensuring his content remains relevant and thought-provoking.