Insurance Value Add Features | Benefits of Car Insurance
Car Insurance | Insuranceby Priyadarshini 3 April 2023
Accidents can happen at any time and without warning. Even if you are a skilled and cautious driver, others may not be. And that is why you must ensure that you, your passengers, and your vehicle are properly protected. In this blog, we tell you about benefits of insurance value add features.
You’d want to make sure you pay a reasonable amount for good value-add items, especially if you’re buying a new car or renewing your car insurance. Also, don’t choose the cheapest plan simply to “save money.” Extremely simple auto insurance packages may not cover a lot of things, and you may end up paying a lot more for damages than you expected.
When shopping for vehicle insurance, check for crucial features including adequate coverage, a low No-Claim Discount penalty, and a hassle-free claims process, among other things.
Insurance Value Add Features
When it comes to claims, there is a low NCD penalty
Any motorist knows how difficult it is to achieve and maintain your maximum No-Claim Discount (NCD). I mean, getting to the greatest NCD – 50% off your premium — takes five years in a straight, and even minor mishaps might send you back to square one.
It’s preferable to purchase a car insurance coverage with a reduced NCD penalty when you make a claim to lessen the NCD penalty. When you make a claim, for example, Aviva’s Motor Standard Plan has one of the lowest NCD penalties, at just 10%.
So choosing a policy that does not significantly limit your NCD could help you save money in the long term while still allowing you to make claims (if necessary).
If it’s a no-fault collision, don’t give up
A no-fault accident occurs when you are not at fault and the collision is entirely the fault of another driver. For instance, when a vehicle behind you collides with your prized automobile and there is no one in front of you.
You’ll need a lot of photos and video footage to provide your auto insurer with all of the specifics so you can prove the accident wasn’t your fault (and not pay for anything if everything is covered). However, if your car is damaged, some insurers may still penalize your NCD or even levy an upfront excess.
Get free assistance with your breakdown
Remember the time your car broke down in the midst of a busy street, or even worse, on the expressway? It’s considerably worse if you’re transporting young children, an elderly parent, or an adult child in your vehicle.
Make sure your automobile insurance provides free assistance if you become stranded on the road to decrease your worry.
If your car is totaled, you may be able to replace it
We hope it never comes to this, but if it does (touch wood! ), having an insurance policy that indicates your automobile may be replaced if it is substantially damaged is a smart idea.
You’ve already put a lot of money into your prized automobile. If it is damaged again, the financial consequences will be far worse than the loss of pride.
Your child’s seat is also covered
This is a useful feature for parents with little children who need to use a child seat.
To begin with, child seats are not inexpensive. Furthermore, if there has been a previous accident, do not reuse the damaged child seat since it is unsafe (the same reason you should not buy a used child seat or accept a hand-me-down). As a result, having child seat coverage included in your auto insurance is a plus. Having insurance value add features on your policy is a plus always.