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What is the cost of buying an add on cover?

What is the cost of buying an add on cover?

Mr. Amitabh Jain (Head – Motor Underwriting & Claims) answers questions on the cost of buying an add on cover posed by Mr. Girish Kalra (VP- Corporate Communication, ICICI Lombard)

Q: What is the approximate cost of purchasing an add-on cover to cover Hydrostatic Lock?

Ans. These are very cost effective. For a small compact car, this could come for as low as Rs. 700 to Rs. 1,000. For medium sized cars, it can go up to Rs. 3,000. For high-end premium cars, it could be well above Rs. 5,000. But, in general, they cost about 10% of the basic comprehensive cover for Own Damage.


Do I need an add on cover if I have zero depreciation cover?
What is the cost of buying an add on cover?
What is Hydrostatic Lock/ Consequential Loss?
Is hydrostatic lock covered under normal motor policy?
Why do vehicles get stalled on water logged roads?
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