When you consider buying a normal hatchback these days, a quick inquiry to any showroom would reveal the ever increasing prices. It is no secret that car prices have been on the rise for quite some time. While we can have a ton of discussion on different aspects, our primary focus is on the maintenance and repair costs.

The cost of cars has gone up which indicates that the underlying mechanical, electrical and other building parts have also increased. Essentially making way for more expensive repairs and maintenance. If you were to buy a car, these factors will definitely make it to the list of factors to consider.

It is for such occurrences that buying a car insurance makes a lot of sense. When you buy a good car insurance, you need not worry about the repair costs or outcomes of an accident. Also, a car insurance offers you the legal status to drive your car.

The Motor Vehicles Act of 1988 mandates all vehicles to have a valid car insurance so as to be legally driven. And when you start looking for a good car insurance, there are two types of policies that you can buy.

Types of Insurance

You can either buy a third-party liability policy or a comprehensive insurance. A third-party liability policy is the bare minimum policy required as per the Motor Vehicles Act. In the event of an accident, there is a probability of causing damages or injuries to third party individuals or properties. The policy would take care of such instances.

On the other hand, a comprehensive policy is a combination of third-party liability and lots of other features. For starters, you can claim for own damages with the help of a comprehensive plan. It also offers coverage against natural calamities such as floods, cyclones, earthquakes and so on. For events such as theft, burglary, riots or even vandalism, a comprehensive policy has your back.

But perhaps the biggest advantage of buying a comprehensive policy is that it offers the ability to add riders to your policy. Riders are additional features and benefits that you can plug into your existing plan to enhance its capabilities. Here are three car insurance riders that you must add to your policy.

Zero Depreciation

This is one of the most popular riders that policyholder opt for their policies. And there is a very good reason for the same. If you wish to claim your car insurance, almost always the insurer will consider the depreciated value of the spares and repairs. This means, that even if a part at the current date might be a bit expensive, the claim will only cover the depreciated value. And you end up paying the difference amount as a part of the claim.

However, if you add a zero-depreciation cover or popularly known as zero dep cover, you need not worry about depreciation. The insurer will consider the actual cost of the parts and not the depreciated value. Thus, helping you save money.

 

 

Roadside Assistance

While you have a car in your garage, it is very difficult to resist long drives. Sure, a person would take all the precautions possible before and during the drive. But if anything were to happen, it can keep you stranded in the middle of nowhere. With the help of a roadside assistance cover, you need not work yourself up if your vehicle breaks down. Most of the insurers offer 24/7 roadside assistance. For situations such as accidents, flat tires, loss of keys, refueling, towing etc. you can avail these services. If you are someone who hits the road quite often, having this rider is a must.

Engine Cover

A clear majority of insurers in the country do not cover damages to the engine of a car. If you were to take the recent examples of flood in a couple of major states, damage to the engine is something that is difficult to avoid. For individuals who live in places which are prone to such calamities buying an engine cover rider can do a world of good. While some insurers cover damages arising out of consequential loss, damages to the engine due to flash floods or swelling of rivers is not covered. If you have an engine cover rider, even if you start your vehicle after such an instance, the policy would cover the damages.

Depending on your needs and requirements, you can pick any of the above riders. They are more than capable of keeping your car safe should the worst ever happen.

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