Zero depreciation cover, also called ‘zero dep’ policy, offers complete coverage without factoring in depreciation.
It means, if your car gets damaged following a collision, you will receive the entire cost from the insurer.
Claim Settlement :- Offers full settlement coverage and depreciation will not make a dent
Premium :- High
Cost of repairing and plastic fiber :- Insurer bears the cost
Age of the car :- Usually covers only new cars
Claim amount is based on the current value of the vehicle, which factors in depreciation
Premium :- Low
Cost of repairing and plastic fiber :- Insured has to shell out money
Age of the car :- It can be taken for a car which is more than 3 years old
If your car is brand new, it is recommended to opt for a zero deprecation cover to protect it from all threats and damages.
Many opinions are it should be drive by new drivers who are more prone to accidents.
However, even the most experienced drivers get involved in accidents due to the fault of other vehicle’s driver.
Hence zero depreciation cover is a must buy for all car owners.
Kindly book an appointment with Our Certified Financial Advisor or call at below mentioned Number 9355260101.