9 Surprising Things Covered Under Auto Insurance Schemes

Let’s pause for a moment at the very outset. What did you think of when you read the above title? Unfair premium rates and mishandled insurance claims, right? However, car insurance can also give you pleasant surprises as well. There are many features in car insurance, and it is possible that there are exciting benefits as well which you didn’t find out before.

Here is a list of factors which can surprise you pleasantly when getting a car insurance.

1. Cover for in-transit damage: You know that a comprehensive car insurance plan saves you in case of your vehicle’s vandalism, accident and theft. However, the same plan also gives protection cover for instances of floods, lightning, hurricanes and natural disasters. It even gives protection for damages sustained during the vehicle’s transportation.

2. All-day roadside assistance cover: There are some car insurance companies that offer Roadside assistance cover as a part and parcel of the comprehensive car insurance policy. It can be very useful as it helps the car owner in times of car breakdowns. And let’s face it: if your car is old or has already sustained significant damage, it can break down. When your car does creak down, just call your insurance company and report what happened. They shall call the nearest garage and send a mechanic.

3. Personal accident cover for all passengers: A comprehensive can insurance plan is great that way. It protects that car, but also the owner from death and injury. The downside? This won’t help the passengers in case of their injury and death. This can be rectified by getting an add-on cover. Take this one if you travel with your family.

4. Purchasing online car insurance:  It was not so common earlier, but now more and more people are buying insurance online. Some top insurance companies are offering this useful facility. Buying these online saves a lot of money and effort. You actually save money online as you get discounts on premiums. Besides, you can maintain and renew policies with ease online.

5. No-depreciation cover: This is the cover that allows car owners to get the complete cost of car parts that are damaged in accidents. What this means is that car depreciation shall not be considered. In case of damages, the original price shall be reimbursed. 

6. Engine protect cover: A comprehensive motor insurance policy does not protect your car’s engine, which has to work hard every day. In case of damages, it won’t help you. What you need to do is to get an add-on protection for the car’s engine. After this, if the engine is damaged, you receive compensation from the insurance company.

7. Garage cash benefit: This is a benefit add-on plan which enhances the basic motor insurance policy. Your life gets disrupted if the car is under repair. In times like this, you have expenses from public transportation. What the Garage Cash Benefit does is it gives you Rs. 500 while your car is being repaired. You get an allowance per day. However, there is an upper limit on the allowance days, as well as the number of claims you can make.

8. Transfer of your no claim bonus: You can retain the NCB bonuses when selling your car. For this, call your motor insurance policy company to give you a retention letter which reserves your NCB for 2 years, by which you can attach it with another vehicle you own. 

9. Commercial car insurance: Many people confuse personal car insurance and commercial car insurance. These two have similarities as well as dissimilarities. Cars for commercial use have to be insured differently but it is more expensive. You can use a commercial car insurance policy for a personal car, and vice versa.

These are the things you need to know about, so that you find no surprises later on when filing or a claim. Pay close attention to policy documents and to its exclusions.