Benefits Of Add On Covers for Motor Insurance

Posted on: Feb 16, 2019 | 3 mins | Written by: HDFC ERGO Team

Benefits Of Add On Covers for Motor Insurance

What is Motor Insurance?

Motor Insurance covers automobiles, trucks, motorbikes, and other road vehicles against physical damage or bodily injury caused by traffic crashes, as well as issues that may arise from other occurrences such as theft, natural disasters, etc.

Various types of add on covers for motor insurance

Zero Depreciation

In the basic four wheeler or two wheeler insurance, depreciation will be taken into account at the time of the claimant requesting assistance from the company under any circumstance. This means some amount will be deducted from your total receivable amount based on the time of purchase and the total distance travelled. With HDFC ERGO's zero depreciation bike insurance or car insurance add on cover, however, your claim will not face this deduction and the depreciation value will be zero no matter when the claim is actually made.

What's Not Covered?

Tyre & Battery replacement or maintenance is not covered in zero depreciation and the claimant may have to suffer some deductions due to them

Emergency Assistance

The Emergency Assistance add on gives you the option of availing your four wheeler or two wheeler insurance at any time in the areas covered in the policy guidelines. HDFC ERGO offers a host of services such as emergency fuel delivery, towing to the nearest garage, tyre replacement coverage, minor repairs on the spot, lodging arrangements in the event of a breakdown, alternate travel arrangements, etc. in their Emergency Assistance Coverage.

Features

• Assistance in case of misplaced/locked key

• "On site" minor repairs of the covered vehicles

• Battery jumpstart

• Tyre change

• Fuel delivery

• Emptying the fuel tank

• Towing or removal of the covered vehicle

* Please read the scheme related documents carefully to know about the territorial scope of the emergency assistance

Engine and Gear Box Protection Cover

In case of heavy downpours and water logging on the streets, a car's engine may get damaged, suffering a hydrostatic lock and complete engine failure in the worst-case scenario. Engine repair and part replacement costs can quickly add up, resulting in massive bills with no warning. Choose HDFC ERGO Engine and Gear box protection cover to strengthen your motor insurance and protect your car from such unforeseen expenditures. Having this add on cover is a boon for people living in humid climates or consistently suffering through downpours during monsoon.

What's Covered?

• Labour costs

• Repairs & replacement of internal parts

• Engine cylinder re-boring, compression tests & other machining charges

Return to Invoice

In most cases, you only recover the Insured Declared Value of your car if it is lost or stolen. There is, however, a large gap between the IDV and the ex showroom value. By selecting HDFC ERGO's Return to invoice add on cover, you will also receive the above mentioned gap amount when you claim your motor insurance. This add on eases your financial strain and enables you to purchase a new vehicle enthusiastically.

What's not covered?

• If the lost/stolen vehicle is recovered within 90 days from the date of incident

• FIR under theft claim is not issued by relevant Police Authorities

Cost of Consumable Items

You frequently wind up spending a lot of money on your car's consumable consumables, which have defined objectives and are either completely consumed or deemed unfit for further use after said objective is complete. To cover costs associated with the purchase or replacement of such consumable products, HDFC ERGO offers a Cost of Consumable products add on cover for your motor insurance.

Consumable Items Include

Nuts, bolts, screws, bearings, washers, grease, coolants, lubricants, engine & other oils, battery water, clips, AC gas, filters, sealants, gaskets, etc.

Loss of Use / Down Time Protection

What would happen if you had no other means of transportation and your car needed repairs? Paying for daily commutes has a significant fiscal impact. As a result, the HDFC ERGO Loss of Use or Down time protection add on policy reimburses a daily benefit towards the expense of substitute modes of transportation while the vehicle under their motor insurance undergoes maintenance or is substituted. You can easily get to work and commute because your transportation expenditures are covered.

Features

• Up to Rs. 500/- per day for private cars

• Maximum 5 days for partial loss

• Avail coverage for up to 3 times in case of partial loss

• 15 days for total loss / theft claims

• One time coverage for total loss (*T&C: During the policy period)

No Claim Bonus Protection

You will receive a concession in the form of a No Claim bonus on each claim free renewal; nonetheless, accidents are unforeseeable, and we recognise that. Given this, HDFC ERGO offers an add on cover No Claim bonus protection, which ensures that even if you have an accident, we will maintain your No Claim bonus discount intact until the next renewal of your policy.

Features

• Damage to only Windshield Glass by External Object

• due to accidental external means to Parked Vehicle

• Loss due to Flood/earthquake/AOG perils to a Parked Vehicle

Benefits of Add on Covers

As mentioned in the beginning, the car can still function without these add on covers for motor insurance, but driving without such safeguards in place will compound your mental stress during what is, usually, a pleasant activity. For nominal additional charges, you can get all these add on covers or choose which you want based on your needs and current situation.

Conclusion

Get these add on covers for motor insurance today and plan your next road trip with friends and family while leaving your vehicular worries on HDFC ERGO.

Disclaimer: HDFC ERGO offers these add on individually for an additional charge on their basic motor insurance. Only zero depreciation emergency assistance is available for two wheelers

Consumables Add On Cover in Two Wheeler Insurance

Understanding Hypothecation in Bike Insurance

Steps to Download Bike Insurance Policy by Its Vehicle Number

Difference between Comprehensive and Own Damage (OD) Two Wheeler Insurance

How to Add GST Number To Your Bike Insurance Policy?