Bajaj Allianz Car Insurance Add on Covers

Traffic volumes are rising. As the number of cars and other vehicles on the road expands rapidly, the risk of accidents has gone up manifold. These road accidents can cause damage to your car, leading to costly repairs. 

The Motor Vehicles Act, 1988, mandates that all motorised vehicles must carry sufficient insurance cover to be considered roadworthy. Vehicle owners can opt for comprehensive or third-party insurance coverage as per their risk profiles.

However, with the rise in road accidents, it is advisable to carry car insurance add-on covers to protect against the enhanced risks. With insurers offering several car insurance add-ons online, owners should explore new ways to stay covered.

Bajaj Allianz – 10 Important Add-on Covers for Your Car Insurance Policy

Car insurance add-ons can prove to be a significant benefit in a host of adverse scenarios. Let’s now take a look at some of these Bajaj Allianz car insurance add-on covers:

• 24X7 Roadside Assistance: This is perhaps the most popular among all car insurance add-ons. This add-on offers towing support to the nearest operating garage or service centre in the event of a breakdown. In addition, it also covers minor on-spot repairs like fixing a flat tyre or jump-starting a flat battery. All costs for the assistance are covered under the insurance add-on.
• Key and Lock Replacement: Modern car locks are expensive. In the unlikely event that the owner loses their keys or the locks malfunction, this car insurance add-on covers the incidental expenses. The plan, therefore, indemnifies the owner in fitting out a new lock or replacing their keys once during the insurance period.
• Engine Protection: The engine is the most important part of a car. However, most comprehensive insurance plans do not cover engine damage. An add-on  can be a life-saver here by insuring vehicle owners from engine damage due to events like floods, storms, etc.
• Zero Depreciation: A zero depreciation cover is particularly suitable for the more expensive models. It allows vehicle owners to claim full value without any deduction for depreciation on the replaced parts. This is fast becoming popular among four-wheeler owners and operators.
• Passenger Cover: This car insurance add-on cover protects  passengers in case of an accident. They are covered for permanent disability, or even death – facilities that are generally extended to the driver owner under comprehensive coverage.
• Consumable Expenses: Certain components of the car, including brake oil, engine oil, AC gas, etc., are considered consumables. As such, these are not covered under insurance in the case of an accident. With consumable expenses cover, vehicle owners can mitigate this risk and be compensated in the event of an accident or breakdown.
• Conveyance Benefit: In some accidents, the car may require a longer time at the workshop. A conveyance benefits coverage is ideal for addressing such scenarios. It provides a daily cash pay-out to the vehicle owner for their conveyance costs while their car is being repaired.
• Personal Baggage: This type of car insurance add-on coverage is particularly useful when personal baggage is lost or misplaced from your vehicle.
• Return to Invoice: Many times it happens that car owners suffer damage that is way beyond the parameters of being repaired or their vehicle is stolen. In such a case, the return to invoice car insurance add-on acts as a boon. This add-on cover allows the car owner to receive coverage equal to the car’s original value (invoice).
• NCB Protection Cover: No-Claim Bonus (NCB) is an important component of any car insurance policy. But it holds no value if a policyholder ends up claiming the policy. In such scenarios, the NCB protection cover is one of the most sought-after car insurance add-on covers. This add-on protects your NCB even if you file a claim during the policy tenure.

As a vehicle owner, you can therefore expand your insurance coverage to protect against a whole range of adverse circumstances. Get covered today to enjoy the full benefits of your dream vehicle.