Here are 16 Additional Coverage for your Vehicle you never knew

1. Return to Invoice – The IDV shall be taken as the On Road Price which is defined as Manufacturers’ Selling Price of the vehicle+ Road Tax +Registration Charges as applicable for the class/make a model of the vehicle as supported by the invoice of original purchase issued to you by the insured and documents in support of the charges payable under the head Road Tax and Registration Charges.                                       
2. Depreciation Waiver – In the case of an accident leading to a partial loss, there will be No depreciation charged on the cost of the parts to be necessarily replaced.            
3. Daily Cash Allowance – Insurance Company will pay you a Daily Cash Allowance in case your vehicle is laid up in an authorized garage/ service station for repairs of accidental damages covered under the Policy and the vehicle is essentially required to be laid up for more than 3 days at the garage.                                                                    
4. NCB Protection – In the event of Claim for (a) Accidental damage to the windshield by breakage  (b) Theft of vehicle or theft of electronic /electrical/nonelectrical accessories  (c) In case you go for repair of a rubber/plastic or fiber part damaged in an accident instead of replacement.                                                                                                                                                                                                                          Subject to no other claim for damage to the vehicle under the Policy, while determining the renewal premium these claims shall not be counted (taken as not happened) and NCB shall be protected                                                                                                
5. Loss of Driving Licence / Registration Certificate – In the case where the insured suffers a loss of Original Driving License or the Original Registration Certificate, the Insurance company will provide compensation of up to Rs 500 to obtain a duplicate License or RC.                                                                                                                            
6. Emergency Hotel or Transportation Expenses – Insurance company shall reimburse you the cost of expenses incurred for accommodation for an overnight stay and /or those for travel to your place of residence or nearest city on your itinerary.                                                                                                                                                                  Necessarily incurred in the event of your vehicle meeting with an accident en-route and it is impossible to drive the insured vehicle due to an accident and the vehicle had to be towed or if the vehicle is stolen.                                                                                    
7. Electrical and Mechanical Breakdown Coverage – In event of an electrical breakdown due to ingress of floodwaters without the vehicle meeting with an accident Insurance company shall pay you to cost of necessary repairs subject to the same not being payable in manufacturer’s warranty                                                   
8. Key Replacement Clause –  Covers the (a) Cost (locksmith cost) to replace the locks and keys if the vehicle is broken into or stolen and recovered (b) The labor charge for opening the car if you have lost the keys or (c) Cost of the replacing your car keys which are stolen or lost.                                                                                              
9. Loss of Personal Belongings Clause – Covers loss of personal belongings viz baggage, clothes, bag, etc belonging to you and your dependant family members from the car by breaking into the locked car by visible means or by any peril as insured under the Motor Vehicle Policy                                                                                 
10. Tyre Protection Cover – Damage to tyres and tubes are covered only if the vehicle has met with an accident resulting in damage to the tyres and/or tubes.                          
11. Engine Protection Cover – This add-on provides coverage towards damages or losses to the insured vehicle’s engine. The add-on compensates you for the replacement or repair of your car’s engine or parts.                                                              
12. Consumable Cover is an add on the insurance coverage that pays for the cost of consumables in Car Insurance required to be replaced or refilled in the event of an accident of your car.                                                                                                            
13. Accidental Injury Compensation for Owner/Family/Driver – While traveling in the insured vehicle the Owner/Family/Driver is covered against the risks of assault or any other bodily injury leading to Death/Permanent total/Permanent Partial disability in any accident involving the vehicle.                                                                        
14. Personal Accident Cover Owner/Driver – You are covered 24X7 for an amount of Rs 3 lacs/4 lacs/ 5 lacs/10 lacs against the risks of assault or any other bodily injury leading to Death/Permanent total disability in an accident when you are traveling in the insured car. This is in addition to the restricted Compulsory Personal Accident cover for Owner Driver.                                                                                                             
15. Accidental Hospitalisation for Family – This is a special clause for reimbursement of inpatient hospitalization expenses incurred for accidental injuries suffered whilst traveling in the insured vehicle only. The cover is available as a single limit for all the named family members.                                                                                                            
16. Road Side Assistance – help’s you in times where you need roadside assistance. Whether it’s a small mishap or a flat tyre, a 24×7 roadside assistance cover can help you in times of such troubles, without even accounting it as a claim.

Motor insurance plan is mandatory to protect your vehicle from financial burden in case of any damages. Be careful in choosing the right additional coverages for your vehicle.