Motor insurance is a mandatory requirement for all vehicles on the road. While a basic motor insurance policy covers damages caused by accidents, fire, theft, and third-party liability, there are several add-ons that can enhance coverage and provide additional financial protection. In this article, we'll discuss some of the most common add-ons for motor insurance policies and why they're worth considering.

Zero Depreciation Cover

Zero Depreciation Cover is an add-on that provides complete coverage for the damages caused to the vehicle in case of an accident. Usually, a standard motor insurance policy provides coverage for damages minus the depreciation of the vehicle. However, with zero depreciation cover, the insurance company pays the entire amount for the repairs or replacement of damaged parts without considering depreciation. This add-on is highly recommended for new car owners or those who have expensive cars as it can help them save a considerable amount of money in case of an accident.

Roadside Assistance Cover

Roadside Assistance Cover is an add-on that provides assistance in case of vehicle breakdown or any other roadside emergency. This add-on covers services such as towing, fuel delivery, battery jump-start, flat tire replacement, and other related services. It provides peace of mind and ensures that you're not stranded on the road in case of a breakdown.

Engine Protection Cover

Engine Protection Cover is an add-on that provides coverage for damages caused to the engine of the vehicle due to water ingression, leakage of lubricants, and other similar problems. This add-on is a highly recommended one. The engine protection cover provides financial protection against expensive repairs or replacement of the engine.

No Claim Bonus (NCB) Protection Cover

No Claim Bonus (NCB) is a reward given by insurance companies to policyholders who don't make any claims during the policy period. The NCB Protection Cover is an add-on that allows policyholders to retain their NCB even after making a claim. This add-on is beneficial for people who have accumulated a significant NCB and do not want to lose it in case of an accident.

Key Replacement Cover

Key Replacement Cover is an add-on that provides coverage for the replacement of lost or stolen vehicle keys. This add-on covers the cost of replacing keys, reprogramming the immobilizer, and other related expenses. It provides financial protection against the inconvenience and expenses associated with lost or stolen vehicle keys.

Additional Towing Cover

Additional Towing Cover is an add-on that provides coverage for the towing expenses incurred in case of a vehicle breakdown or an accident. This add-on covers the cost of towing the vehicle to the nearest garage or repair centre. In case of a breakdown or an accident, this add-on can save you from the hassle of arranging for towing services and paying for the same out of your pocket.

Return to Invoice Cover

Return to Invoice Cover is an add-on that provides coverage for the full value of the vehicle in case of theft or total loss. This add-on ensures that the vehicle owner receives the full value of the vehicle as per the invoice price rather than the depreciated value of the vehicle at the time of the incident. This add-on is a highly recommended one.

Road Tax Cover

Road Tax Cover is an add-on that provides coverage for the payment of road tax in case of loss or theft of the vehicle. This add-on ensures that the vehicle owner does not have to bear the burden of paying the road tax for a vehicle that is no longer in their possession.

Windshield Glass Cover

Windshield Glass Cover is an add-on that provides coverage for damages caused to the windshield of the vehicle due to an accident or any other related incidents. This add-on covers the cost of repairing or replacing the windshield of the vehicle. This add-on is highly recommended for owners of vehicles that have expensive windshields.

Spare Car Cover

Spare Car Cover is an add-on that provides coverage for the use of a spare car in case the insured vehicle is undergoing repairs due to an accident or any other related incidents. This add-on ensures that the vehicle owner does not have to bear the inconvenience of not having a vehicle while their insured vehicle is undergoing repairs.

Tyre Cover

Tyre Cover is an add-on that provides coverage for damages caused to the tyres of the vehicle due to an accident or any other related incidents. This add-on covers the cost of repairing or replacing the damaged tyres of the vehicle.

Consumable Cover

Consumable Cover is an add-on that provides coverage for the replacement of consumable items such as engine oil, brake oil, coolant, and other related items that need replacement due to an accident or any other related incidents. This add-on covers the cost of replacing these items, which can add up to a considerable amount if not covered under the insurance policy.

In conclusion, add-ons or riders are an essential part of motor insurance policies as they provide additional coverage options to policyholders. These add-ons are designed to meet the specific needs of the individual and provide financial protection against various risks and uncertainties on the road. However, it's essential to choose the right add-on based on your needs and requirements. It's always advisable to consult with an insurance expert like us before purchasing any add-ons to ensure that you're making an informed decision. Call us at  1800 309 0203 for free professional advice from our subject experts.