Zero Depreciation Car Insurance Price
A zero depreciation add on cover also known as nil depreciation and bumper to bumper cover is a popular car insurance add on cover which is most commonly opted by car owners along with their comprehensive car insurance policy.
Zero depreciation car insurance price - Zero depreciation car cover. A zero depreciation car insurance plan is a comprehensive car insurance policy having the zero depreciation add on added to it. This implies that your car will be devoid of its general depreciation during car insurance claims.
Without the zero depreciation cover all insurers account for depreciation on your car s parts and therefore pay you your claim only after subtracting the amount of. Learn why zero dept is better than the normal cover. Zero depreciation car insurance is only applicable to new cars but some of the insurers offer zero dept car insurance for cars more than 3 to 5 years.
It shifts the liability of bearing the depreciation of your car and its parts from you to the insurance company. A zero depreciation is an add on benefit cover that gives you a full coverage for your vehicle against the normal wear and tear that will affect the value of the car at the time of settlement. A zero depreciation car insurance is a comprehensive car insurance policy with the zero depreciation add on cover included.
Under this facility your insurer will cover the actual cost of the car and not take the depreciation into consideration. Zero depreciation is an add on to your car insurance.
