Car insurance coverage add-ons help amplify the services offered under a basic policy. Some add-ons expand the level of existing insurance coverage to lower deductibles or raise the dollar amount covered. Others help the policy expand into new areas that ultimately benefit the consumer and reduce expenses.
Roadside assistance and towing
Many of the events that lead to insurance claims leave a car disabled and in need of servicing at a body shop, a dealership service center, or a local mechanic. When a car breaks down or is involved in an accident, the expenses of either roadside help or towing can feel overwhelming. Locating a service may also provide additional stress in the aftermath of an accident.
There are stand-alone services that provide access to roadside assistance and towing, but these signing up for the program, keeping up with cards, and trusting a provider is within reach in all areas of travel. With the addition of roadside assistance to a standard insurance policy, the cost is built-in to a monthly or semi-annual payment, making it easier to manage and meet. Calling the service sets the wheels in motion for help if a problem, such as a flat tire or low fuel, can be fixed immediately, or helps connect with a tow to a service center for later care.
Car rental coverage
Following an accident or other covered damage to a car, it's necessary to continue driving while repairs are completed. Sometimes it's possible to rely on friends and family but many drivers end up renting a car to commute to work and other necessary appointments during this period. Rental car reimbursement is an ideal add-on feature for car insurance. With this coverage, the costs of a car rental, particularly for a multi-week period, do not need to be absorbed by a personal budget long-term. Many car rental chains are also able to bill an insurance company directly and help policyholders bypass any upfront payments.
For car owners still making payments on an older ride, gap insurance is an important investment even if it isn't required by a loan provider. Under a standard insurance policy, if a car is totaled in a wreck, the insurance company provides the fair market value of the car. Sometimes this may be less than the amount still financed. When this happens, gap insurance steps in and provides the necessary funds to fully cover the remainder of the loan, freeing up the budget to help finance or purchase a new vehicle.
For more information on car insurance, contact a professional near you.