Zero Depreciation Insurance
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Buy and renew zero depreciation vehicle insurance.
Zero Depreciation Vehicle Insurance Explained
In a standard comprehensive vehicle insurance policy, the claim amount you receive is subject to depreciation. This means the insurer deducts a specific percentage based on your vehicle's age and the material of the damaged parts (like 50% deduction for plastic or rubber parts). A Zero Depreciation (or "Nil Depreciation") add-on cover—often called Bumper-to-Bumper insurance—eliminates this deduction entirely, ensuring the insurance company pays the full replacement cost of the damaged parts.
Why Upgrade to a Zero Depreciation Cover?
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Maximize Your Claim Settlement: Without this cover, you could end up paying thousands of rupees from your own pocket during a major repair for depreciated parts. Zero Dep ensures you get almost 100% of the repair cost covered.
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Full Coverage on Expensive Parts: In standard policies, plastic, nylon, and rubber parts suffer a massive 50% depreciation deduction right from day one. Zero Dep waives this penalty, which is crucial since modern vehicles use heavy amounts of fiber and plastic.
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Ideal for New & Luxury Cars: If your vehicle is brand new, heavily used, or involves expensive spare parts, a Zero Depreciation add-on is highly recommended to protect your heavy financial investment.
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Total Peace of Mind: While it slightly increases your upfront premium, it saves you from severe financial shocks and out-of-pocket expenses when an unexpected accident occurs.