After insurance coverage regulator IRDAI permitted riders equivalent to ‘pay-as-you-drive’ and motor floater, a number of insurers have launched these merchandise. Different, current add-on covers embody zero depreciation, engine shield and roadside help. These optionally available covers supply additional safety that your base cowl doesn’t, at an extra value. As an example, in a typical personal harm cowl, in case of unintended harm to your automotive elements, insurers reimburse solely the depreciated worth of those elements and never the replaceable worth (market price for brand spanking new elements). So, you must pay the distinction out of your pocket. However a zero depreciation cowl will be certain that you get the total declare quantity.
