Add Ons Available for Motor Insurance in India :
Some of the add ons available in India are below; this differs from insurer to insurer.
Depreciation Re-imbursement : The Insurer will pay you the amount of depreciation deducted on the value of parts replaced under own damage claim, lodged under section 1 (own damage) of the policy. They will pay for the first 2 claims reported to them during the Period of insurance.
Daily Allowance : The insurer will pay Daily Allowance as mentioned in the schedule to enable the insured to meet the cost of hired transport to reduce inconvenience to the insured, if their vehicle is damaged by a covered peril . The allowance would be payable for a fixed period of time during the period of insurance if it is as a result of an accident or theft/total loss claim.
Courtesy/Hired car : Arrangement will be made for the Courtesy/Hire car to reduce inconvenience to the insured if insured Vehicle is damaged by a covered peril mentioned in section 1 (Own damage) of the policy. A Courtesy/Hire car is not intended to be an exact replacement of vehicle.
Return to Invoice : Insurer will pay the financial shortfall between the amount received under section 1 of the policy and the purchase price of the Vehicle as confirmed in the invoice of sale OR current replacement price of new vehicle in case exactly same make/model is available (whichever is less) in the event of the Vehicle being a Total Loss/CTL following an accident or stolen during the period of insurance and not recovered. They will also reimburse the first time registration charges and road tax incurred on the insured Vehicle.
Repair of Glass, Fiber, Plastic & Rubber Parts : A claim for only Glass/plastic/rubber/fiber part where the insured opts for repairs rather than replacement, at our authorised workshops/ dealers/ service stations will not affect No Claim Bonus eligibility at the time renewal, provided number of such claim does not exceed one and there is no other claim for damage to the vehicle during the period of insurance.
Loss of Personal belongings : The insured will be paid for the loss or damage to the insured and their family member’s personal belongings caused by perils mentioned under section 1 of the policy while they are in the vehicle at the time of loss or damage to the vehicle.
Emergency Transport & Hotel expenses : Insurer will pay towards the cost of overnight stay and taxi charges for returning back to the insured’s place of residence or the nearest city they are traveling to if their motor vehicle has met with an accident by any of the peril mentioned under section 1 of the policy and cannot be driven.
Key Replacement : The insured will be reimbursed for the cost of replacing your vehicle keys which are lost or stolen as well as for the cost of replacing locks and keys if the vehicle is broken into. The covered costs also include the labour cost for replacing the lock.
Engine Secure : Coverage is provided for Internal parts of the engine Gear Box, Transmission or Differential Assembly provided loss or damage is due to ingress of water in the engine or leakage of lubricating oil from engine/respective assembly. The insurer will also pay for the lubricating oils/consumables used in the respective assembly.
Tyre Secure : Coverage is provided for repair and/or replacement, as may be necessitated arising out of accidental loss or damage to tyres and tubes.
Consumable Expenses : The insurer will cover cost of consumables required to be replaced/replenished arising from an accident to the insured vehicle. Consumable for the purpose of this cover shall include engine oil, gear box oil, lubricants, nut & bolt, screw, distilled water, grease, oil filter, bearing, washers, clip, break oil, air conditioner gas and items of similar nature excluding fuel.
Road Side Assistance : Repair and Towing Assistance will be provided apart from service for Flat Tyre and Flat Battery – Jump Start Service.