KIA Carens Car Insurance

Once a policyholder buys a KIA Carens Car Insurance Plan, he/she can strengthen the plan by opting for add-on cover(s) according to his/her convenience by paying a little extra premium. With Carens, one can avail of multiple additional covers. Among them, a few important ones are mentioned below. 

Zero depreciation add-on cover:

It is also known as Nil Depreciation and Bumper-to-Bumper cover, is a popular car insurance add-on cover that helps to shift the liability of bearing the depreciation of the car and its parts from the insured person to the insurance company against a nominal premium. Sometimes, even a single claim helps the policyholder to recover the entire zero depreciation cover’s premium amount. It covers all parts of the insured car at 100% except tires, tubes, and batteries, which are covered at 50%. Generally, insurers allow 2 zero depreciation claims during the policy tenure. However, some insurers allow the policyholder to make an unlimited number of zero depreciation claims during the tenure of the car insurance policy.

Engine protection:

Engine protection cover is an add-on benefit on car insurance that can be part of the comprehensive motor car insurance policy. It is used to cover the insured vehicle’s engine for any damage or loss of the parts or the engine as a whole. Thus, it is an effective compensation for repairing or replacing the car engine or its parts as a car engine is extremely expensive, and therefore, repairing it incurs a lot of costs.

Accessories cover:

Though car accessories improve the appearance of the car and give comfort to passengers, many people fail to understand that it comes with a cost of maintenance as well, which is not provided by a standard car insurance plan. Accessories Add-on in car insurance provides financial coverage for the accessories like stereo system, reverse camera, LCD TV, etc. of the car in case of mishap or accident. If the policyholder is passionate about enhancing the car, then it would be smart to protect those high-end accessories by paying an extra premium to the car insurance company.

No Claim Bonus (NCB) cover:

The insurance provider rewards the policyholder for driving well and not making any claims in a policy year. It is called a No Claim Bonus (NCB). NCB is essentially a discount on the insurance premium that one can avail of when he/she renews the car insurance policy. If an insured person does not make any claims for a few years consecutively, he/she can accumulate up to a 50% discount on premiums. NCB belongs to the owner of the car, and not to the car itself. So, if the insured person has earned NCB discounts on his/her existing car, and decides to buy another car, he/she can transfer the benefits to the new car. However, it is to be noted that NCB is not transferred to one person from another unless the owner of the car passes away and the car is passed on to the heir.

Personal Accident Cover:

As the name suggests, this cover provides the driver with a comprehensive accident cover. Thus, if the owner-driver sustains injuries or permanent disabilities from an accident, this rider covers the financial burden of the same. It offers up to Rs. 15 lakhs compensation. 

Return to invoice cover:

It covers the gap between the insured declared value and the invoice value of the insured car, along with the registration and other applicable taxes. RTI helps in fetching the car’s purchase value (on-road price) in case of theft or total loss. When the cost of repair cost is over 75% of the IDV, it is considered a total loss. However, it is applicable if the car is extremely damaged and becomes unusable, but this cover is not applicable for small damages.