Depending on the owner's profile, car model and usage, riders can enhance coverage
Mumbai : Mumbai-based information technology executive Shreejit Nandkumar recently learnt a comprehensive motor insurance policy might not be enough in case his car was damaged. And, one should have add-on covers or riders to make up for any financial loss in the event of an accident. The 39-year-old argues when a comprehensive plan covers both own damage and third- party, why it isn't sufficient?
“The conventional motor package policy does not cover every eventuality and there are certain aspects which do not get covered under the traditional package,” explains Ajay Bimbhet, managing director (MD) of Royal Sundaram Alliance Insurance. Hence, having add-on(s) always helps. Read more
Source : www.business-standard.com