First Accident Forgiveness has been offered by a few insurance companies for many years. Some require you to be insured with the company for a number of years before the benefit kicks in while others allow you purchase the protection for a higher premium.
Newer Car Replacement is another nice benefit but this coverage comes in many shapes and sizes. Some will pay for a new model car but only if your car is totaled within the first year or two while one extends protection out to five years.
Disappearing Deductibles is another consumer friendly option. This basically means, that for each year you go with no accidents, your deductibles drop by a specified amount. Most specify the deductible will drop by $100 per year. Most companies offer this as a add-on benefit you will pay a premium for.
OEM Parts Guarantee pays the cost to replace damaged parts with Original Equipment parts versus the generally less expensive After Market Parts.
Pet Injury coverage will pay up to a stated amount, typically $500, for veterinary fees related to injuries and/or burial and disposal fees sustained by a dog or cat while riding in your car when it's involved with an accident .
Trip Protection coverage will reimburse expenses for food and lodging, travel expenses to get you home or to your destination, and the cost to return your car to your home if you are more than 100 miles from home and your car is damaged to the extent it can not be safely driven.
Accidental Airbag Deployment simply means you will be reimbursed the cost of reinstalling a factory installed airbag if it deploys for reasons other than a Collision or Other Than Collision loss.
Rental Reimbursement coverage reimburses the costs to rent a car if your car is damaged in a covered Collision or Other Than Collision loss. Typically this coverage can be purchased for a specified Daily Limit such as $20,$30, $40 or $50 subject to a total or maximum benefit limit. Some insurance companies have expanded on this to remove the daily limit and pay the higher cost for a "like kind and quality" car.
NOTE!!!
Rental Vehicle Coverage Endorsement (New York) is not to be confused with the above Rental Reimbursement coverage. The Rental Vehicle Coverage Endorsement is required on all Auto Polices written in the State of New York with fewer than five vehicles and covers the Insured's obligations for damage to a vehicle rented for less than 30 days. This coverage is required on all New York and the built into the base premiums.
These are a few of the most common coverage add-ons being offered today. Each insurance company has their own coverage forms and premiums can vary.
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