Best 5 Tips To Boost Your Car Insurance

Best 5 Tips To Boost Your Car Insurance

Best 5 Tips To Boost Your Car Insurance

People often do not like to invest much time in buying car insurance. They feel that there are only two options available in the market and that is compulsory third party loan and full insurance under the Motor Vehicles Act. But the fact is that there are a lot of additional covers that can enhance the protection of your car insurance by spending less money while buying or renewing your car policy.
In order to choose the right add-on to enhance your car insurance policy, it is very important that you understand the important role of add-on cover.

Zero Depreciation: No one likes to be in a situation where you are horrified to know that you have to lose your pocket to repair your damaged car, even if you have car insurance. However, the fact is that there is no such insurance policy that completely covers your car in case of loss or injury in an accident. To avoid such a situation, No Dep should be chosen. Or zero dip. Extension, which gives you full claim of value, repairs or replacement parts after the accident. Good is only for new cars, companies usually do not offer this type of supplement for cars older than 5 years.

Claim Bonus Retention (NCB): By its name NCB Retention, this supplement acts as a safeguard for your NCB. NCB is a reward for not claiming insurance claims against the previous year. Generally, people do not get any application but they renew their insurance every year. The insurance company offers a reward in the form of a discount of up to 50% of the cost of premium which will be deducted by the company once applied. Hence, there is a provision to retain the NCB even if you make a claim.

Road Help: Imagine you drive home and your car is stuck in the middle of the night for some reason such as running out of gas, a technical problem, or battery life, now what? As the name suggests, this supplement will help you reach home and take care of your car in such an emergency. If you choose this supplement and general car insurance, you don’t have to worry about assistance when driving in the field or at night.

Personal Accident Cover: With this extension cover, the insurance company provides protection to the owner and the paid driver in the event of their occurrence. You can opt for personal accident cover along with complete car insurance. This supplement gives you the benefit of a lump sum amount in case of permanent disability or death due to accident.

Daily Allowance: In the event of a major accident, the process of repairing your car is very lengthy and depending on the condition of the car, your car should remain in the garage for several days or weeks or even more than a month. In that case, you need to travel by public transport or hire a cab, which is quite expensive especially if you have budget problems. Hence, under this supplement, the insurance company will bear the cost of those daily travel expenses.

Apart from this, there are many other add-ons available in the market which include return challan, engine cover, critical replacement which you can include in your regular insurance policy. Hence, choose wisely as per your requirements to improve the implementation of your policy

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