- 3500+ Cashless Garages across India
- 50 Lakh+ Happy Customers
- 24X7 Roadside Assistance
- 100% Insurance Coverage on Service Invoice Price
We promise limited calls
Undecided about Which Car Insurance Riders to Pick? We’ll help you decide
- DetailsWritten by PolicyBazaar -
- Hits : 1332 -
Modified 16 November 2016
Comprehensive car insurance covers losses/damages caused by a third party, personal accident, and losses/ damages caused to a car naturally. However, even a comprehensive cover does not offer 360° protection against unpredictable factors like weather, road quality, natural calamities, etc.
Auto insurers therefore offer riders to protect from situations where coverage is excluded. These riders are optional add-ons to a basic car insurance policy - they increase insurance coverage and save car owners from unnecessary vehicle-related expenses.
Listed below are some common and essential riders that come with different types of car insurance plans.
Each Rider has Certain Distinct Advantages, Explained Below:
Although comprehensive insurance takes into account individual and third-party damages, it is not totally ‘depreciation proof’. On filing an insurance claim, a standard car insurance plan accounts for the depreciated value of the damaged parts and not the current market value.
Further, depreciation rates differ in accordance with the car’s make, model, age, etc. As a result, one has to bear a sizable amount of the full claim themselves.
However, when you opt for a zero depreciation cover, your insurer will cover the entire cost, and not just a part of it, meaning that it guarantees that the full claim amount with nil depreciation deduction. Therefore, in case of a car accident, you are indemnified from depreciation deduction and can recover the full market value on filing the claim.
In countries like India, where monsoons are synonymous with uncovered drains, clogged roads and several such inconveniences, the Engine Coverage Rider comes as a welcome relief. Here, the insurer offers ahydrostatic cover that covers damages caused due to ‘consequentialloss’ – an indirect loss brought about by reasons outside the purview of direct losses caused by accidents.
For instance, if you attempt starting your submerged car, the car’s engine will surely be damaged - this is a consequential loss. When you opt for the Engine Coverage Rider, the insurer will cover engine repair, if it is damaged by water stalling, oil leakage, etc.
Your car is wrecked to an extent beyond repair or it is stolen - insurance companies declare circumstances like a ‘total loss’. The claim amount received in such cases is lower than the vehicle’s actual market value and not sufficient to provide adequate cover or get a replacement. With the vehicle replacement rider, you get your damaged/stolen car replaced with a new, equivalent car.
Roadside Assistance and Towing
This rider provides vehicle owners with varied types of round-the-clock, crucial assistance services that are of great help during accidents or car breakdowns. Flat tyre change/replacement, lost key recovery, battery jump start, fuel refilling, car towing, etc. are covered under this rider.
Ambulance and Medical Expenses
In case of a car accident where the policy holder or another involved party suffers serious injuries and needs immediate emergency treatment in a hospital, the ambulance and medical expenses rider compensates the insured for ambulance charges and medical expenses to the tunes of approximately Rs.10,000.
Read More- Top Car Insurance Companies in India
Following an accident or any other kind of damage, when the car goes for repairs, a person has to manage with public transport, rented car, etc. By taking the rental reimbursement add-on, the policyholder gets reimbursement for these interim travel arrangements when his/her car is under repair. However, this rider is not so common in India.
Personal Accident Cover
This important add-on secures the future of the policyholder’s family in case of unfortunate events like the policyholder’s temporary/partial disability, permanent disability, or accidental death.
The policyholder can avail this rider to get coverage of up to Rs.2 lakhs for any damage brought about to the driver while travelling, getting in, or getting out from the vehicle. Certain insurance companies offer optional accidental covers for co-passengers as well.
The consumables’ rider for your car insurance policy covers damages to consumables like clutch box oil, gearbox oil and coolants. This costs approximately 0.2-0.4% of the vehicle value.
Understanding What You Need
While car insurance add-ons lower risks associated with cars and related accidents, they also add to the outgoing premium. It is, therefore, prudent to evaluate if and when these different types of car insurance add-ons are really required.
Rider recommended/not recommended
Beginners with limited driving experience
All aforementioned car insurance riders highly recommended
For small cars, a few years old
Zero depreciation cover not recommended
Because vehicle breakdown possibility increases with time
Roadside assistance and towing rider recommended
Those living in areas with heavy rainfall
Engine coverage highly recommended
Those without personal health insurance cover
Ambulance and medical expenses riders highly recommended
If policyholder travels extensively using personal vehicle, and if the frequently travelled route is accident-prone
All aforementioned car insurance riders highly recommended
Over to You!
If your vehicle cost or its repair/maintenance costs are high, it is good to minimize risks by opting for car insurance riders accordingly. However, one must weigh all possible options against the potential risks and associated costs to be able to take a well-informed decision. Based on the factors mentioned above and other factors applicable in individual cases, the aforementioned riders promise a safe and hassle-free journey, anytime, anywhere.
- Most Read
- What to Keep in Mind When Buying Two wheeler insurance Policy for Your Sports Bike?
Date: 18 April 2018
- What Is Covered Under Third Party Car Insurance Policy?
Date: 28 March 2018
- What is Engine Protection Cover in Auto Insurance?
Date: 19 March 2018
- Everything You Need to Know About Theft Cover of Two Wheeler Insurance Plans
Date: 28 February 2018
- How a Zero-Dep Car Insurance Policy Benefits You during Claims?
Date: 20 February 2018
- Top 5 Motor Insurance Companies in India
Views : 246650
- What Everybody Ought to Know about Zero Depreciation Car Insurance Cover?
Views : 172931
- Insured Declared Value (IDV)
Views : 163879
- Renew Your Two Wheeler Break-in Insurance Policy at PolicyBazaar
Views : 163859
- Two Wheeler Insurance Plans
Views : 105649