Zero or Nil Depreciation Cover:
Nil Depreciation Cover is helpful to combat the depreciating value of your car. With this add-on, there is no deduction for depreciation even on the car's parts, other than tyre(s) and tube(s).
Add- Key benefits offered by NIL Depreciation Cover
No Claim Bonus Protection
With every year the No-Claim Bonus keeps increasing from 20% for the first no-claim year up to 50% for the 5th year. But if in case you make a claim in a single year, this may reduce to zero. To avoid this HDFC Ergo offers No Claim Bonus Protection as an add-on cover.
This add-on cover helps you retain the same ‘No Claim Bonus’ even after claim.
Key Benefits
- You save substantial amount on premium
- NCB is retained even if claim is lodged
Conditions
Maximum only up to 3 claims subjected to:
- Damages to Windshield Glass
- Loss to parked vehicle by external means
- Loss to parked vehicle due to flood, earthquake, AOG perils
Cost of Consumables Cover
This add-on element covers expenses incurred due to accident, mishaps or any other loss on the consumable items to the car insured and / or to its accessories, as per the policies wording.
Consumable items include nuts and bolts, screws, washers, grease, lubricants, clips, AC gas, bearings, distilled water, engine oil, oil filter, fuel filter and break oil.
The claim is accepted only if the consumables are damaged or replaced due to the following:
- Fire, explosion, self-ignition or lightning, earthquake, flood, storm, landslide, rockslide, burglary, theft, riot, strike, malicious act, etc. or any other perils as mentioned in policy wordings.
Engine & Gear Box Cover
This add-on covers for expenses incurred while fixing indirect damage done by water ingression or leakage of lubricating oil leading to loss or damage to:
- Engine Parts
- Differential Parts
- Gear Box Parts
Key Benefits
Stay protected if you are driving your vehicle through water logged area Covers expenditure incurred due to damage to internal Engine and Gear box parts
Conditions
The claim will be approved if the damages occur due to the flood, storm, landslide, rockslide, etc. and any other perils mentioned under the Own Damage section of policy.
Emergency Assistance Cover
Many times while commuting or travelling you may experience unpleasant event such as, flat tyre/s or running out of fuel. This cover helps you with such emergency breakdowns. This way you can plan any road trip or commute without worrying about the unpleasant events.
On road repair for minor breakdowns, change of flat tyre, emergency fuel, towing facility till the nearest garage.
Below is the list for your reference:
- On site minor repair
- Battery jump start
- Duplicate key
- Tyre change
- Locked/Lost keys
- Fuel delivery
- Emptying of the Fuel type
- Towing and Removal of the covered vehicle
Return to Invoice Cover
You can add this valuable cover to make sure in case car gets stolen or completely damaged, you get the depreciated value – Insured Declared Value (IDV) of your car under the standard policy.
If you choose this add-on cover, you get the invoice value of the car along with the registration fees, road tax, and insurance.
Conditions:
- If the insured vehicle is recovered within the 90 days of theft
- The claim won’t be admissible until the final investigation report in case of theft is issued police authorities.
Loss of Use / Down Time Protection
Under this add-on cover the insurance company will reimburses the cost of daily alternate means of transport until the insured vehicle is repaired or is in workshop under following conditions:
Upto Rs. 500/- per day for private cars (Maximum 5 days for partial loss and 15 days for total loss / theft claims) This benefit is available up to 3 times for partial loss claim and only once for a total loss / theft claim during the policy period.
Key Benefits
This cover come with no compromise on the mode of travel You can save money while your car gets repaired in workshop
Conditions
- The claim will be only approved only if the damage is due to the any perils specified under the own damage section of the policy and provided the insured vehicle is kept in the garage for more than 24 hours.
| Add-on cover | Silver Plan | Gold Plan | Platinum Plan | Titanium Plan |
|---|
| Zero Depreciation | Yes | Yes | Yes | Yes |
| Loss of Use/Down Time Protection | No | Yes | No | No |
| Engine and Gear Box | No | No | Yes | Yes |
| No Claim Bonus Protection | No | No | Yes | Yes |
| Cost of Consumables | No | No | No | Yes |
