New Delhi (India), April 8: Whether you have bought a new car or bike insurance plan, you can always extend its coverage with add-ons. Including add-ons to the insurance plan may affect the bike and car insurance price , however, it also ensures greater protection. Want to know more about the add-ons available with your car and bike insurance plan? If yes, then you are at the right place! In the section below we will talk about everything related to these add-ons.
Add-ons Available with Car and Bike Insurance
The driving style differs from person to person, so the bike insurance coverage requirement may also vary. For instance, riding in a mountain area may require additional coverage due to the rough terrain. The add-ons thus let you customise your policy to suit your coverage needs, just remember that add-ons can only be included in Comprehensive plan only. So, to help you in selecting the right add-ons, listed below are some of the add-ons to include whether you are buying a car or bike insurance online :
· Zero Depreciation Cover: Zero Depreciation cover is an add-on that provides compensation for the depreciation costs during the claim process. This means that when you raise a motor insurance claim, you will receive the complete claim amount, irrespective of the depreciation costs.
· Roadside Assistance Cover: There are times when you are enjoying a bike or car ride and there is a sudden breakdown in your vehicle. In such a case, a Roadside Assistance cover becomes extremely valuable. This add-on cover provides the necessary assistance, for instance if it is required to take the bike or car to a garage for immediate repair, then with this cover, you can get the necessary towing facilities. All the services provided in this situation will be financially covered if you have Roadside Assistance add-on.
· Return to Invoice Cover: The Return to Invoice Cover provides financial compensation during the claim on the basis of the original invoice. So, if you ever meet a situation where your bike is stolen or lost, you will get complete financial coverage when you raise a claim.
· Engine Protection Cover: Whether it’s about a bike or car, an engine remains the most important component. If there is any damage to the engine, the repair cost is generally not covered in a typical vehicle insurance plan. But, when you have the Engine Protection Cover, you will get financial coverage if the engine of your vehicle is damaged due to any mechanical or technical fault.
· No Claim Bonus Protection Cover: The No Claim Bonus in motor insurance refers to the discount given to the policyholder if no claim is raised in a given year. The No Claim Bonus Protection Cover as the name suggests protects the No Claim Bonus even after you have raised a claim.
· Consumable Cover: Consumables are nuts, bolts, lubricants, etc which are generally not covered in a vehicle insurance plan. With the Consumable cover, you will get financial coverage if these consumables are damaged or need to be replaced.
· Key Protection Cover: Another add-on that you can include in your car or bike insurance plan is the Key Protection Cover. This cover will provide financial assistance if the vehicle’s key is lost, stolen or damaged.
How to Buy Car/Bike Insurance with Acko?
Now, that you know about the different add-ons available with your vehicle insurance plan. Here is how you can buy car or bike insurance with Acko:
· Download the Acko app or go to its official website
· Click on car or bike insurance depending on what you want to buy
· Enter vehicle registration number and hit ‘check prices’. If you want to buy insurance for new vehicle, you will have to click on ‘looking to insure brand new bike’ or ‘looking to insure brand new car’
· A list of plans will be visible. Select a suitable plan, and choose necessary add-ons along with providing personal details
· Complete the payment, after which you will receive the policy details
Summing Up
No matter if including add-ons increase the car or bike insurance premium, however, sometimes they become necessary to provide your vehicle greater financial coverage. Just be wise while choosing the add-ons, don’t include them unnecessarily that may simply increase the premium and provide your vehicle with no added benefit.
