Zero Depreciation Car Insurance

You end up paying nothing except a few service charges or base deductible as stated in the policy document.

The zero dep cover is slightly costlier than a comprehensive plan. However, this isn’t as expensive as the costs you would have to incur in case of repairs after an accident without such a cover.

Zero dep cover offers coverage against damages on all car parts made from plastic, fiber, wood and metal. It covers the cost of painting and dent repair based on policy norms.

It might not cover costs on tyres and coolants or alignment related services. Please check the policy document.

You can opt for the zero dep add-on before your car turns 5 years old.

Yes, Zero depreciation insurance is beneficial for the insured vehicle as policyholder gets full coverage of car parts without any deduction for depreciation during claim settlemement.

This premium mainly depends on the Insured Declared Value (IDV) of the car. IDV is the maximum amount you can claim against total damage, loss or theft of your car. Thus, IDV, in a nil depreciation insurance policy, plays an integral role. The higher the IDV, the higher the premium towards a zero depreciation add-on cover.

No, you cannot cover a third party car insurance policy into zero depreciation car insurance. You can only purchase this cover with a comprehensive car insurance policy.

Yes, you can transfer bumper to bumper add on cover with the car insurance policy to the new owner, as the nil depreciation policy is for the car and not the owner. However, the registration number of the car should remain the same.

Yes, it is worthy to buy zero depreciation car insurance to get full amount from the insurer during claim settlement. The insurer will only charge standard deductible value and won’t apply depreciation on vehicle’s part while making the payment for the claim.

With our zero depreciation car insurance, we can claim unlimited times.

No. Most insurers don’t include tyres under the coverage of the zero depreciation add-on. This is mainly due to tyres being subject to wear and tear with general usage.

Yes. Bumper-to-bumper cover, just like nil depreciation and zero dep, is another name for the zero depreciation add-on cover in car insurance.

To know whether your car insurance policy has zero dep cover or not, check the policy documents. If it is included, it should be listed as an add-on cover.

Zero-dep add-on doesn’t affect no claim bonus (NCB) in car insurance. With claim-free years, you will still be rewarded with applicable NCB benefits.

No. In general, you can’t add a zero-dep or nil depreciation add-on to your car insurance policy mid-term. To include this add-on, you will have to do so during the time of initial purchase or at policy renewals.

You can be eligible for a zero-dep add-on with your standalone OD or comprehensive car insurance policy if your car is under 5 years old.

Zero depreciation is an optional cover that you can include in your standalone OD or comprehensive car insurance plan as an add-on. Whether to add it to your plan entirely depends on your coverage needs and personal preference. Generally, it is recommended due to its practicality and enhanced protection, especially for new and luxury car owners.

The zero-dep premium depends on multiple factors, such as the make and model of the vehicle, age of the vehicle, geographical location, IDV of the vehicle, engine capacity, etc.

Generally, engine damages are not covered under the bumper-to-bumper car insurance add-on. It is best to opt for the engine and gearbox protection add-on for this purpose.

Most insurers don’t offer the zero depreciation add-on cover for cars older than 5 years. If you are interested in purchasing this add-on, do contact your car insurance provider first.