Which Add-ons to Choose for Better Safety During Festival Season

Posted on: Nov 15, 2022 | | Written by:

Which Add-ons to Choose for Better Safety During Festival Season

Published on November 10, 2022. EST READ TIME: 3 minutes

We have officially entered the season of festivals. Over the next couple of months, several important festivals will be celebrated across the country. And celebrations usually involve people visiting their friends and families. Given the festive mood, the chances of people taking public transport are less and most of them take their personal vehicles. To ensure safety during this festive season, ensure that your car insurance policy is up to date.

It should not come as a surprise if you see crowded roads during the festival season, as most people want to visit their friends and family and spend quality time with them. Since the roads are crowded with vehicles, even the smallest mistake can turn into a hazard. Being always on your toes and taking utmost safety measures is important in such times. Wearing your seat belt and driving within the specified speed limits are two simple measures.

However, even if you take all the precautions in the world, it does not ensure there won’t be any incidents or accidents. Opting for a good car insurance policy is one of the smartest ways to ensure safety for your car.

Perks Of Buying Car Insurance

The law mandates all vehicle owners to have third party car insurance on them always. Apart from being mandated by the government, there are a few other perks of buying a car insurance policy. Here are the most prominent ones.

● Damages To Vehicle

During an accident, if your vehicle incurs any damages such as dents, scratches, fire, etc. the policy has your back. The policy also covers instances of burglary, strikes, riots, thefts, terrorism, and so on. Apart from that, the policy also covers any damages that your vehicle might incur while it is in transit either by inland waterways, railways, airways, road or lift.

● Network Garages

Depending on the insurance company that you decide to buy the policy from, you might get access to an exhaustive list of network garages. Should you visit any of the network garages, you can repair your car without having to pay anything from your pockets. You can make use of the cashless benefits. A longer list is favourable, as it increases the chances of your neighbourhood garage making it to the list.

● Third Party Liabilities

The third-party car insurance policy is mandatory for all vehicles, for a reason. In the unfortunate event that your car meets with an accident that involves another individual or vehicle or even a property, the policy will compensate for the damages or injuries. The policy also has your back in the case of any legal liabilities arising out of such situations.

● Personal Accident

Getting a car insurance policy also provides you with a personal accident cover of Rs. 15 lakhs. In the event of an accident that leads to the death or permanent disability of the policyholder, the policy will compensate the nominees. Also, you can buy the policy for other passengers in the car, even if they are unnamed in the policy.

● No Claim Bonus

The benefits related to the No claim bonus are only available if you opt for a comprehensive car insurance policy. It is a perk that insurers offer if you do not claim your policy during its tenure. For every year that you do not claim your policy, you receive a discount in exchange. This discount reduces future policy premiums. And the discount starts from 20% for the first year and goes up to 50% for the fifth consecutive year.

Choosing The Right Add-Ons

One of the biggest advantages of choosing comprehensive car insurance is the ability to customize the policy as per your needs. A comprehensive plan allows you to plug add-ons into your car insurance policy. Here is a list of the top add-ons that you can use for your car insurance policy.

● Zero Depreciation

The zero depreciation add-on is one of the most sought-after add-ons for a car insurance policy. Normally, insurance companies deduct the depreciation amount applicable to your car and its parts during claims. This usually results in policyholders paying the difference amount from their pockets. However, the zero depreciation add-on eliminates depreciation from the equation. This ensures that you receive the entire amount as a claim.

● Roadside Assistance

The add-on comes in handy if your car needs any kind of recovery services or assistance if it breaks down somewhere. The add-on offers to tow the car to the nearest garage, assistance if you have lost the keys, need fuel delivery, or need help with changing flat tyres, etc.

● Engine Protection

This add-on is to protect the most important part of a car, the engine. The add-on will cover expenses related to the electrical or mechanical breakdown of the engine. It can either be due to water ingress or spillage of oil.

● Consumables Cover

When you claim a standard car insurance policy, it usually does not cover the charges related to consumables. Opting for this add-on will cover expenses related to grease, lubricants, engine oil, bearings, brake oil, air conditioner gas, washers, screws, etc.

● NCB Protection

NCB is a perk that you receive if you do not claim your policy during its tenure. And for every year that you do, you receive a discount for the upcoming year. However, if you claim your policy in between, you stand to lose the entire accumulated NCB. This cover protects your NCB. You can claim during a year and not lose NCB with the help of this add-on.

One must note that it is not mandatory to opt for add-ons for your car insurance policy. And that you cannot opt for add-ons along with your third party car insurance . However, choosing the right add-on can help you get crucial cover for your car. In fact, the right choice can help you save money in the long run, even though they temporarily increase your premium by a small amount.

Conclusion

The lack of third party car insurance would make it incredibly difficult for you to take your car out for a spin, as it is not legal to do so. You will end up paying hefty fines and in some cases, even imprisonment. However, should you choose to buy a car insurance policy, you can not only take your car out legally to drive but protect it against most of the mishaps out there. Though the premium of a comprehensive plan might be higher than a third party liability-only cover, it offers a lot more for the price. It can offer maximum coverage for your car and complete peace of mind.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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