In today's post, I will give you all the a to z information about zero depreciation, so that all your doubts will be cleared and we have also answered some common questions, hope you also have questions from them.
Zero depreciation is also known as nil depreciation and bumper to bumper cover, in this it happens that if any part of your vehicle is damaged then the company pays full money for that part and in insurance the company pays only a few percent of the money. and you have to pay the remaining money by yourself.
No claim bonus
No Claim Bonus is a policy in Comprehensive Insurance which gives you a discount in premium like if you have not made any claim for the whole year, then the company gives you a discount of some percent, this discount goes up to a maximum of 50%.
Can I get a zero depreciation car insurance after 5 years?
This question happens to many of you, someone asks whether we can take zero depreciation on 7 year old car, someone says can we take zero depth on 10 year old car, I will tell all of you that in general companies It does not give zero depreciation after 5 years, but it cannot be said with complete certainty that it will not be found because there are some insurance companies in the market which give zero depreciation to you even after 5 years.
How many times can you claim 0 DEP?
Earlier you could claim zero depreciation only 2 times but according to the new rules of IRDA you can claim unlimited.
Which is best comprehensive or zero depreciation?
For this I will tell you that what is zero depreciation is an add on cover which you get by paying some extra money with comprehensive insurance, so if you take zero depreciation cover with comprehensive then it will be beneficial for you.
Is TYRE covered under zero depreciation insurance?
In zero depreciation, you do not get the tire money at all.
️Can I only buy zero depreciation coverage without a comprehensive car insurance plan?
Not at all, you cannot take zero depreciation cover without taking insurance as it is an add on which comes with insurance.
Is Nil Depreciation Cover transferable to another owner?
Yes, it can be transferred to the new owner of the car as it is an add on car and not a particular person, due to which the zero depreciation cover will always be there for whomever the car goes to.
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