Key Points
If your car gets stuck in the middle of waterlogged roads and the engine is choked, your comprehensive car insurance policy will not be adequate to protect against those damages..
Some of the must-have add-on covers during monsoon season are engine protection cover, zero depreciation cover, 24x7 roadside assistance, return to invoice and consumable covers...
One can save on this out-of-pocket expense (depreciation charges) by taking a nil or zero depreciation add-on which will cover repair and full replacement costs of rubber, plastic, and fiber components of the vehicle," said Kunal Jha, Head Motor Product and Actuarial, Go Digit General Insurance...
For a mid-range car with an OD premium of Rs 20,000, the zero-depreciation cover may cost around Rs 2,000 to Rs 4,000," said Goel.. 24x7 roadside assistance: Vehicle breakdowns are most common, especially during the monsoon season..
Without zero depreciation add-on, they would spend Rs 40,000 from their pockets Engine protector Rs 1,000 to Rs 4,000 Value can be Rs 2 lakh (engine parts replaced) to Rs 4 lakh (full engine replaced) 24x7 Roadside assistance Rs 200 to Rs 5,00 Savings would be Rs 1,000 to Rs 2,000 (but saving on time and convenience would be an additional benefit) Daily Allowance Rs 500 to Rs 1,500 Savings would be Rs 1,500 per day till car is repaired and given back to you..
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