Monsoon is the time of relief and as well concerns that need to be addressed. Relief from soaring summer heat and concerns regarding the impact on routine urban life. Waterlogging, floods, and increased traffic are some of the situations that peak during this season. There are high instances of vehicle breakdowns and repairs due to these unpredictable factors. But having said that, a car insurance policy is something that can help you keep your losses at a minimum. With a rise in maintenance costs, a car insurance cover helps to take care of these expenses.
Types of car insurance plans you can buy
When you buy car insurance online, there are two alternatives that you can choose from -third-party plan or a comprehensive plan. A third-party policy is also known as liability-only plan since it covers only for the legal liabilities that become payable in the event of an accident to third person. On the contrary, having a comprehensive policy, especially during monsoon comes handy. A comprehensive plan provides an all-round coverage to your car as well as any repairs due to third-party liabilities. Further, these comprehensive plans can also be customised to include coverage that can come handy to tackle monsoon-specific problems like water ingression.
Getting a 360-degree coverage with comprehensive car insurance plans
When you buy a car insurance policy, the first thing to look for is the features it offers. Most buyers make the mistake of deciding solely based on price but let that not be in your case. As discussed above, comprehensive policies can be customised in its coverage using add-on. These add-ons are additional riders that can opted on your requirements. There are variety of add-on on offer, but the ones that come handy during monsoon are listed below –
Engine Protection Cover: One of the most useful add-ons to protect your vehicle from the rains and water damage is the engine protection cover. Water damage to the components of your engine does not form part of a standard comprehensive insurance. With an engine protection cover, any case of hydrostatic engine lock are and other mechanical damages to your engine are included in the coverage. Not just engine, but also the gearbox and its related components are covered. This add-on is most useful in case you reside in a flood-prone region where water accumulation can often damage your car.
24X7 Roadside Assistance:Rains witnesses the most number of vehicle breakdowns. Getting stranded in a deserted place during a heavy downpour with little to no accessible help can be stressing. This can happen during your regular commute or even on an outstation journey. With a24X7 roadside assistance cover, you can seek towing services as well as minor repairs on the fly from your insurer. Some insurance plans also have accommodation facility during such breakdowns.
Zero-depreciation Cover:Lastly,zero-depreciation cover is that add-on helps to avoid any reduction in your claim due depreciation on your car. All standard comprehensive policies reduce the effect of depreciation and then make the pay-out. But with a zero-depreciation cover, it increase the pay-out amount of your claim.
Since these add-ons are over and above your standard coverage, they tend to increase the premium amount. When opting for one, you can make use of an online car insurance calculator that helps to facilitate comparison as well keep the premiums in check. Moreover, these add-ons need not be purchased initially itself, but can be added at the time of car insurance renewal online too. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.
