TomorrowMakers ™

Car Insurance

Buy this car insurance rider to protect your car from the monsoon

15 July 2016
If you love your car and your family, you have to buy car insurance. But in the monsoons, even a comprehensive policy may fall short without the proper riders.
 

If you’ve ever driven your car through heavy rains in India, you know what it’s like to be stuck in a traffic jam for hours at a stretch. As the AC is running to keep you cool, you silently hope that your car doesn’t run out of fuel or battery power.

The fact is, your car has no love for the monsoon. Rains can cause a lot of problems for your vehicles- some visible and some behind the scenes- and it’s essential you take certain precautions to ensure you don’t lose money or compromise on the safety of you or your loved ones.

While a comprehensive car insurance policy is essential for every car owner, the monsoon creates the need for some add-on protection. You can get this in the form of add-ons to your car insurance policy called riders. It’s important to know what these are even before you buy your policy, because it’s always possible to add it at a later stage.

  1. Roadside Assistance Rider: This add-on provides assistance to the driver in case your vehicle suffers any kind of breakdown or if you are in an accident. The services offered by different insurers will vary, but usually include your car being towed to the closest garage for repairing, fixing of flat tires, providing help in case of a lockout or lost keys, arrangement of fuel in case of emergencies and even alternative modes of transportation in case your car suffers immediately irreparable damage.

Related: What is Road Side Assistance and why do you need it?

  1. Hydrostatic Lock or Engine Coverage: This is an essential rider for any situations where your car would encounter water. This type of insurance covers most of the losses which arise from rain damage and even assists in repairing, replacement and possible even maintenance of broken down car parts, especially in times of water seepage into the engine or hydrostatic lockage. The insurance company will cover engine repair in case it is damaged due to leakage of oil, water stalling etc. if you opt for this rider.

Related:  Car Service Checklist To Save Your Money [Infographic]

  1. NCB Protector: If you do not make a car insurance claim for an entire year, your insurer gives you a benefit called No Claim Bonus, in the form of either reduced premium on renewals, or increased sum assured upon renewal. This benefit called NCB can be quite a substantial amount and in some cases can be definitely worth not making a car insurance claim.

Since car insurance can help reduce the impact of monsoon damage, it is prudent to make a claim. However, to avoid losing the NCB benefit, get the NCB protector, or the No Claim Bonus protector rider. This add-on covers ensures that you don’t lose your benefit even if you make up to 2 claims in a year.

Related: What to do after a car accident? [Infographic]

  1. Consumables Cover:  This type of insurance cover protects you by covering all expenses incurred on “those items or substances of specific use which at the time of loss are either totally consumed or rendered unfit for further consumption”, chiefly stemming from damage to the insured car and its accessories.

Related: Car Insurance - what is covered and how much? [Infographic]

So when you’re looking for the perfect policy to give you, your loved ones and your vehicle 360%u02DA protection, the right insurance riders can help protect you against all possible situations- including the turbulent Indian monsoons.

 
 
 

Did you know

"Tax-2"

POLL

 

MOST VIEWED CONTENT

Just bought a new car? Here’s what you need to do next!
Car Insurance

Just bought a new car? Here’s what you need to do next!

If you’ve just bought a new car or are thinking of getting one, there are some important formalities you must complete.

List of things to do and consider before you buy a two wheeler in India
Car Insurance

List of things to do and consider before you buy a two wheeler in India

Beyond popular opinion, here is a list of questions you must ask before deciding to purchase a motor bike or scooter in India.

What is IDV and Why Insured Declared Value is Important?
Car Insurance

What is IDV and Why Insured Declared Value is Important?

Before you buy a car insurance policy, it’s important to know exactly how its premium is calculated. Understanding the IDV is the first step in doing so.

All You Need to Know About Zero Depreciation Car Insurance
Car Insurance

All You Need to Know About Zero Depreciation Car Insurance

One of the 7 major car insurance riders every car owner must know, is the Zero Depreciation Cover which can ensure you receive higher compensation in case of damage

Mr. Apte, Ms. Sharma, & Mr. Iyer - The story of their car insurance [Infographic]
Car Insurance

Mr. Apte, Ms. Sharma, & Mr. Iyer - The story of their car insurance [Infographic]

While third party car insurance is compulsory under the Motor Vehicles Act, it does not offer you comprehensive, customised coverage. With the help of carefully chosen riders, however, you can get the exact kind of coverage you really need.

All you need to know about road accidents
Car Insurance

All you need to know about road accidents

With 56 road accidents and 16 resultant deaths every hour in 2014, Regional Transport Office (RTO) are becoming stricter about issuing licenses. But the real responsibility lies in the hands of the person driving the car.

What do you do after a car accident? [Video]
Car Insurance

What do you do after a car accident? [Video]

Never lose your temper, get into an argument, or admit liability- this might invalidate your insurance. If the other driver is being violent, call the police on 100.

boy

We would love to hear from you!

Question, comment or concern? Our contact form is the best way to get in touch. We will respond to you within 5 working days.

NEWSLETTER