Top 4 Additional (Add-on) Covers in Car Insurance That You Must Consider

In case you don’t know it already, a comprehensive car insurance plan is the best cover in terms of protecting your vehicle wholly. This is due to the reason that comprehensive car insurance plan covers third-party legal liability claims as well as any damage or loss to your vehicle in the event of an accident. There are some important factors or parts or conditions that are not covered under the comprehensive car insurance plan by any insurer.

However, you can still bring them under coverage by opting for a number of additional covers with your car insurance plan by paying an additional premium. Let’s find out some of the effective add-on covers that you must pay attention to if you are highly concerned of your total protection.

Zero Depreciation Cover

This add-on cover is incredible in terms of the replacement or repair expenses of rubber, plastic, glass and other materials which would otherwise not be covered under your regular car insurance plan.

Engine Protection

Due to the foul monsoons, you can incur destructive outcome as it can leave your car's engine and your lacrimal glands susceptible to flooding. Engine protection add-on cover, therefore, protects the engine of a car in case of any possible damage due to any possible reason.

NCB Protection

NCB Protection add-on cover is significant if you want to continue enjoying a discounted premium on your No Claim Bonus year-after-year, even after filing a claim during the policy period.

Invoice Cover

Invoice Cover add-on is recommended if you want to get as much as the car's on-road price or Insured Declared Value (IDV), in case of total loss such as a theft or a really terrible accident.

It’s always advisable to make sure that the car policy you are purchasing is best in terms of coverage and affordability of premium. GIBL.IN can help you find the best cover for your car and the best add-ons that there is an offer from a number of top motor insurance companies for your car insurance plan.

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How to Switch Car Insurance Companies?

You all know that car insurance is a legal requirement in India and so you have to carry your car insurance policy. If you have been carrying the same four-wheeler insurance policy, you may look to change car insurance providers for various reasons. You might not be pleased with your present car insurance provider or you might be on the lookout for better car insurance deals. Whatever may be the reason for a changeover, if you follow the right steps you can have the best four wheeler insurance policies from a new car insurance provider

Ensure sufficient coverage

While looking for the best motor insurance policy, you should make sure complete protection of your cherished vehicle. You have to keep in mind that even a package car insurance policy does not cover all damages. Hence you should consider a range of car insurance add-on covers such as hydrostatic lock cover, zero depreciation cover, engine protection cover and so on. You may have to pay a little extra premium but you can rest assured that all types of losses are covered.

Premium is not the main factor

When you have already decided to change your current car insurance provider, you ought to compare motor insurance policies. While comparing, you should not only focus on the insurance premium. A low priced car insurance plan might not provide adequate coverage; on the other hand, a motor insurance policy with high premium cost might come with features inappropriate to your needs. Hence, you need to compare vehicle insurance not only on the basis of car insurance premium, but in terms of benefit, coverage, and exclusions as well.

Claim settlement history

One of the leading reasons for changing car insurance provider is the claim settlement record. If you don’t get the desired claim amount of your car insurance policy or the claim is approved too late, then it is quite natural to search such insurer who has quick and hassle-free claim settlement record. As you are all set to change the car insurer, you should ensure that this time around your chosen insurer boasts a high claim settlement ratio.

Cashless network garage

Most car insurance providers in India have an extensive network of cashless garages. You can get your damaged four wheeler parts repaired or replaced from these workshops without having to pay from your pocket. Motor insurance companies usually clear up the bills directly with the garages. When you compare vehicle insurance online you ought to choose the provider with maximum cashless garages so that you do not have to go miles to avail the cashless services.

Apart from these features, you should also go through the customer reviews about different car insurers before settling with a provider finally. GIBL.IN, an insurance broking portal can help you in this regard. You can avail ample options for motor insurance to choose from.

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Significance of Comparing Car Insurance Policy Online in India

It is very much essential to compare the car insurance policies online since it can help you save a considerable amount of money and thereby let you choose a better coverage option. However, the process of comparing motor insurance plans manually could be a daunting job. GIBL.IN makes it quite easy for you to compare a number of auto insurance policies online.

When you compare car insurance quotes at GIBL.IN you can easily save up to 55% on your motor insurance premiums and also get attractive add-ons covers like riders and benefits along with your car insurance plan. You can easily make an informed purchase with car insurance comparison.

Compare motor insurance online with GIBL.IN but before that, know your auto insurance plan properly before buying or renewing. A few things you must keep in mind in terms of online comparison of car insurance.

• Compare the Coverage Option: The coverage of a third party liability policy is different from the comprehensive policy. Third party auto insurance plan only covers third party liability whereas the comprehensive car insurance policy covers both the damages to the vehicle as well as the owner which is known as Personal Accident Cover. So, it is important to ensure and compare this attribute in order to decide the personal accidental cover along with the added coverage, if any is available with the same motor insurance plan.
• Chalk Out the Coverage Requirements: Before you dig into comparing diverse car insurance plans online, first fix the type of coverage you really require. A liability policy is low-priced than the comprehensive car insurance policy but only if you are prepared to negotiate on a number of benefits since the facilities offered by the comprehensive car insurance is undoubted the best.
• Compare the Claim Settlement Ration of the Insurer: Claim settlement is the most vital element of any insurance policy. We all anticipate a hassle-free claim settlement process and simplicity with any auto insurance policy that we basically plan to invest in. Every insurance company in India has its own process. Hence, it is very important to compare the claim settlement procedure of each vehicle insurance plan that is in the list of your preference in order to unearth which insurer would enable you to get a faster claim settlement.
• Compare the Insured Declared Value (IDV): The different rate of Insured Declared Value (IDV) reflects different rates of auto insurance premiums. IDV is the existing value of the car after being adjusted for suitable reduction. The charges of depreciation depend on your vehicle’s age. The older your car the higher would be the depreciation and your IDV would be that lower. And it also impacts the Sum Assured. This is the reason why you must compare the IDV quotes offered by diverse car insurance plans online.

Here at WWW.GIBL.IN you can easily get the best car insurance plan by comparing different motor insurance policies with multiple insurance companies online. Compare car insurance quotes and coverage effortlessly and buy online in your own convenience.

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Why Car Insurance Policy Lapses and What to Do If Your Car Insurance Lapses?

Insuring your vehicle should be the very thing that you must consider right after buying it. It is advisable to avoid cheap car insurance policies. Many of us compare car insurance quotes of different motor insurance providers online to get the best policy in terms of coverage. Even after all these, your car insurance policy may lapse if you don’t act carefully.

The lapse of your car insurance means that your vehicle is vulnerable which can lead to serious problems. Below are the reasons to why your car insurance online policy may lapse.

• Late Payment of Your Car Insurance Premium: You want to make sure that the due car insurance premium is paid on time. Otherwise, your car insurance may lapse in case of the late payment of your car insurance premium.
• Non-renewal of Your Car insurance Policy: If you think your job is over after buying car insurance online, you are certainly wrong. Your car insurance policy will lapse if you don’t consider the importance of car insurance renewal. You must make sure that your car insurance renewal is done on time to continue receiving the benefits offered by car insurance companies in India.
• Non-payment of the Car Insurance Premium: You are responsible for paying the premium against your car insurance online policy. If any circumstance renders you to the non-payment of car insurance premium, your car insurance policy will lapse.

What to Do?

• Renew Your Car Insurance from Different Provider: You can also consider the car insurance renewal from a different car insurance company in India as per your requirements. For this, you can compare car insurance quotes of different car insurance providers online and choose any for your car insurance renewal.
• Inform Your Existing Car Insurance Provider: For the car insurance renewal, you can inform your existing car insurance provider if you want to renew your policy from the same car insurance company. The car insurance provider will inspect your vehicle. After the inspection, the car insurance company will give you confirmation regarding the coverage of your vehicle.

There can be many consequences if you do not renew your car insurance policy. Hence, you should not allow your car insurance policy to lapse. The renewal of your car insurance is equally important to buy a car insurance plan in India. The penalties of not renewing car insurance in India include imprisonment, or fine or both.

You may also lose your no claim bonus on your car insurance policy if you let your car insurance lapse. Therefore, you must not let your car insurance policy lapse in the first place and follow these above-described process if car insurance lapses. At GIBL.IN you can get open access to a number of auto insurance plans from the top motor insurers in India. You can easily renew your expired car insurance policy at GIBL.IN at the click of your mouse.

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Why Is It Vital to Compare Car Insurance Policy?

A car insurance policy is an indispensable prerequisite that ought to be met at any cost. There are numerous factors that you must mull over before buying motor insurance online. It’s a fact that many don’t give importance to the small details that might lead to big trouble while buying car insurance policies in India.

Provided that the third party car insurance is a legal requirement for each and every motor vehicle piling on the road, we are likely to ignore the complete fortification of our vehicle. Thinking this way is wrong. Most of the people only go for third party auto insurance because of its low premium.

There’s one very easy yet trouble-free way to buy or renew the best car insurance policy online. All you have to do is compare car insurance quotes online. Now, here’s why a comparison is a must before buying or renewing car insurance online: online comparison of car insurance policies can help you find you cheap and affordable car insurance plans effortlessly and instantly.

• Get Only The Best Motor Insurance Policy

When you compare car insurance policies online, you can come across only the best motor insurance policies online in India. You can compare your auto insurance policy on the basis of an assortment of features like the IDV of your vehicle, available additional discounts, special offers, effective additional covers, premium etc. You can see for yourself which insurer is offering how much benefit against what premium. You should also take in the reputation of the company from which you are choosing to renew your car insurance policy in terms of their claim settlement ratio while you compare vehicle insurance policies.

• Go for the Insurer of Your Own Choice

When you compare auto insurance policies online, you can do it independently and you can only choose the best auto insurers in India. Of course, there are a number of motor insurance companies in India, but what comparison does is only bring you the best insurers and their products. You no longer have to stick to the same insurer if you compare vehicle insurance policies online

• Affordable Car Insurance Plans

Who doesn’t look for a motor insurance policy that gives you maximum benefit in a lower premium? Online comparison of auto insurance policies can bring you the best yet cheap car insurance plans. You can avail the lowest priced motor insurance if you compare auto insurance online.

How to Compare Car Insurance Online?

To compare car insurance online, you will have to visit an online insurance comparison portal like GIBL.IN. Also, make sure that the portal you are about to use for the comparison of car insurance shows an unbiased result.

Enter minimal necessary details like Car IDV, the make model of your car etc and request a car insurance quote. When done, you will be provided a list of the best motor insurance policies offered by various insurers online. Now you can compare the quotes as per your requirements and budget and choose the best motor insurance policy, and thereafter buy or renew the policy accordingly.

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Get More Coverage with Car Insurance Add On Covers

Of late, many car insurance companies in India have come up with a range of add-on covers that enhance the coverage provided by a comprehensive car insurance plan. If you are not satisfied with the existing coverage of your car insurance plan you can avail these add-on covers on your insurance renewal of car for an additional premium. However, there are many add-ons covers available in India, so you have to be selective and buy those add-on covers that your car needs. Different providers of online car insurance in India come with a different set of add-on covers; you have to compare car insurance online companies’ offerings in terms of add-on cover. By choosing the right car insurance add-on cover, you can drive your car without any worries. Here is a rundown of some of the most useful car insurance add-on covers.

NCB Retention Cover

In case your insured car gets damaged but you refrain from making any claim on your car insurance plan, you are eligible for No Claim Bonus. Many owners of a car in India accumulate up to 50% NCB and use that amount to reduce their car insurance premium. However, a single claim can nullify the entire NCB and this is where the NCB retention cover comes into play. If you buy this add-on cover, you can keep your NCB intact even if you make as many as two claims in a year.

Roadside Assistance Cover

Those who drive a private car in India, more often than not, come across a situation where they remain stranded in the middle of nowhere due to car breakdown. This type of car insurance add-on cover provides emergency towing services, fuel re-fill services, and the likes so that owners of the insured car doesn’t have to remain stranded.

Engine Protect Cover

This motor insurance add-on cover spares owners of the car the horror of burning a huge hole in the pocket for repairing or replacing costly car engines. Even if the engine failure is a consequential loss, this add-on cover pays out the required compensation in full. People living in flood-prone areas should avail this motor insurance add-on cover.

All these car insurance add-on covers provide enhanced protection in excess of the coverage provided by a comprehensive car insurance plan. You can buy these add-on covers at the time of your insurance renewal of car.

For More Information Visit- GIBL.IN/CAR-INSURANCE and Get Up-to 70% discount on Car Insurance

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Drive Peacefully with Car Insurance Online

Car insurance online plans are provided by many car insurance companies in India. If you have a car that you drive on regular basis, you should consider the best car insurance policy online. Driving on crowded roads of India entails a lot of hazards, so you need effective car insurance online policy to stay safe. The best car insurance online plans available provide all-encompassing coverage to ensure you are financially secured in case of any mishap on road.

Car Insurance Online Plan Coverage

Generally, car insurance online plans offer two types of coverage - third party liability and comprehensive coverage.

Third Party Liability Coverage

If you are armed with a car insurance policy with third-party coverage, you don’t have to suffer any financial loss even if your car is responsible for any third party losses. This plan protects the insured economically in case of third party property damage, death, and physical injury. Since third-party liability coverage is mandatory in India, you have to avail this coverage.

Comprehensive Coverage

Although comprehensive coverage is optional in India, it is strongly recommended that you go for this coverage while purchasing any car insurance policy online. Even though a comprehensive car insurance policy costs more than liability only online car insurance plan, it covers the losses to the insured vehicle and thus saves the car-owners like from massive financial loss. The comprehensive coverage of car insurance policy shields the car of the policyholders from a range of natural and manmade perils.

Personal Accident Coverage

Apart from covering damages to the insured vehicle, online car insurance policies also compensate in case of accident of the policyholders. It pays out Rs. 2 Lakhs as personal accident coverage only if the owner-driver carries a valid driving license at the time of the mishap.

Apart from this, if you choose to pay an additional premium, you can enhance the coverage that includes coverage for paid driver and other employees.

Car Insurance Renewal

If you purchase a car insurance policy, you should consider car insurance renewal. Motor insurance renewal is inevitable when your car insurance policy is about to expire. Car insurance renewal needs to be done within 90 days or you will lose all the accumulated benefits. On renewal, you are entitled to get NCB if you don’t make any claim in the previous year. You can also opt for voluntary deductible at the time of your car insurance renewal to minimize your online car insurance premium. You can also shift your online car insurance policy to another provider. Hence, to keep continuation in policy coverage, you should not miss out car insurance renewal.

To find out the best car insurance policies online, you have to compare motor insurance online. A comparison is the best way of choosing the best policy. GIBL.IN, an online insurance broking portal can help you in this aspect as 32+ renowned insurers are associated with this portal. You can buy or renew a car online from GIBL.IN to get the best insurance policy for your prized possession. 

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