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When an extra cover of zero depreciation is purchased alongside comprehensive insurance, it is referred to as bumper-to-bumper car insurance. The cover ensures that the policyholder is repaid with no deductions that happen because of depreciation in case of an accident. This blog will explore the details of this protection so you are informed before settling on a protection plan that is good for your requirements.

What is Bumper-to-Bumper Car Insurance?

It gives complete financial protection to your car and is an appealing choice for car owners when compared with standard car insurance. A normal comprehensive policy considers depreciation during the process of claims which directly impacts your claim amount. While a bumper-to-bumper car insurance, the policyholder gets the full claim amount as it doesn’t consider depreciation.

What is Covered Under a Bumper-to-Bumper Car Insurance?

In bumper-to-bumper car insurance, protection for various parts of your car is given. It doesn’t take into account deductions due to depreciation and totally compensates for the damages caused. This means that if you meet with an accident, you will be compensated completely, with no deductions.

The parts that are covered are as follows:

Bumpers Damages caused to both the bumpers (Front and back)
Exterior Tail lights and Head Lights Damaged or broken headlights and tail lights
Side Mirrors Damaged or broken side mirrors
Windshield & Windows Cracked or shattered windshields and windows
Alloy Wheels Dented or scratched alloy wheels

What are the Exclusions in Bumper-to-Bumper Car Insurance?

Bumper-to-bumper car insurance gives total coverage but there are certain exclusions. They are as follows:

Wear and Tear Gradual damage to parts due to regular use (e.g., faded paint)
Mechanical Breakdown Engine failure or other mechanical issues not caused by an accident
Engine Damage from Oil Leakage Damage to the engine due to a leak
Accidents Due to Negligent Driving If the policyholder’s negligence during driving caused the damages
Unapproved Modifications Damages to parts not approved by the car manufacturer
Natural Disasters (Unless Specified) Floods, earthquakes, or other natural disasters (check your policy for details)

How to Purchase a Bumper-to-Bumper Car Insurance?

While buying or renewing a comprehensive insurance policy, bumper-to-bumper insurance can be purchased with it. To get zero depreciation coverage, you need to pick this add-on while customising your insurance plan.

Tips to Purchase A Bumper-to-Bumper Car Insurance

Car owners need to consider these things before buying bumper-to-bumper car insurance. They are as per the following:

  • Compare quotes given by various insurance providers to track down the best fit for your requirements.
  • Ensure the insurance provider you choose is trustworthy and has a decent claim settlement record.
  • Review the agreements of the insurance policy carefully to understand what is covered and what are the exclusions under the policy.

Factors Affecting Premiums for Bumper-to-Bumper Car Insurance

The premiums are affected by things like the IDV (Insured Declared Value) of your car, your driving record, your age, the make and model of your car, and your location. Your premiums can be brought down by:

  • Increasing your voluntary deductible
  • Maintaining a clean driving record
  • Installing anti-theft devices
  • Renewing your policy promptly
  • Avoiding frequent claims

Conclusion

For Indian car owners, it is ideal to purchase bumper-to-bumper car insurance in the present day and age as the expenses of owning a car are rising. Alongside coverage, it additionally gives genuine peace of mind to the car owner. You can safeguard your car by choosing smartly assuming you understand what the policy covers, the premiums you need to pay, and its advantages. It stays the most ideal choice for safeguarding your car as it gives total coverage which ensures financial well-being.

Want to get car insurance tailored to your needs? Reach out to us at support@elephant.in or on our toll-free support number- 1800 266 9693, to talk to our experts! We will help you acquire a car insurance that is customised to your needs!

*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. You are recommended to obtain specific professional advice from before you take any/refrain from any action. Tax benefits are subject to changes in tax laws. Please contact your tax consultant for an exact calculation of your tax liabilities.| EL/BLOGS/24-25/01

Alliance Insurance Brokers Pvt. Ltd.
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CIN: U67200MH2003PTC141621
IRDAI Registration No.: 217
Valid from : 13/10/2021 to 12/10/2024
Category : Composite Broker
Principal Officer Name: Mr. S. V. Thakkar
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