What is Zero Depreciation Motor Insurance ?

Your car is subjected to depreciation because of various reasons such as wear and tear, upgradation of the model etc.

Under Zero-depreciation insurance policy, person gets total coverage without considering depreciating value of vehicle.

Understanding Zero Depreciation Car Insurance

It is an add-on cover that vehicle owner can take along with comprehensive insurance.

Burden of bearing depreciation cost of your car shifts from you to insurance provider.

What does Zero depreciation motor insurance cover ?

This policy covers all parts of car except tyres, batteries, tubes; these are covered at 50%.

Who needs zero-depreciation cover?

1 ) New Car Owners :-  If you have newly purchased car, then you must choose this policy because value of car depreciate the moment it is sold.

2 )  Luxury cars :-  Luxury cars have expensive components, and if there is any damage to car, you will end up spending huge amount.

3 )  People Living in Accident-Prone Areas :-  If you are residing in an area that is accident-prone, it is important to get this policy.

4 )  New Drivers :- There is probability of new learners getting involved in collision that can damage your car. To save yourself from repair cost, zero-depreciation coverage is good choice.

Zero Depreciation Motor Insurance Key Benefits.