Zero depreciation means – If you have nil depreciation cover then you can claim the total cost of replacement of car parts in case of accidental damage. The depreciation value of the damaged parts won’t be deducted from the claim amount. Thus, it helps you save a huge amount.
Should You Opt for Zero Depreciation Car Insurance Cover?
If you have recently purchased a car or have a
relatively new car then it makes sense to opt for a
Zero depreciation cover. Or for the following
reasons:
✔️Owners of luxury cars
✔️New drivers
✔️Driving in accident-prone areas
✔️If your car spare parts are expensive
✔️If you want to reduce out of pocket expenses
Remember the age of the car should be less than 5 years to avail Zero Depreciation Policy and it can be used twice during the tenure