Zero Depreciation Car Insurance

Zero dep cover is an extremely useful add-on. It ensures you get higher payouts in case of a claim and ensures that repair costs do not burn a hole in your pocket.

No, bumper-to-bumper cover and zero depreciation cover in car insurance are not different. These are just different names for the same car insurance add-on cover. This add-on protects you from the depreciation value of your insured car.

Generally, the zero-depreciation add-on is no longer applicable after the age of the car passes five years. Though some insurers do offer the benefit for up to the age of seven years. However, there is no general rule fixed on limitation of such cover.

Cost of oil, such as gear oil, clutch oil, brake oil, engine oil, coolant, etc. are not covered. Compulsory deductibles are not covered under a zero depreciation plan.

A zero depreciation insurance gives coverage for the depreciable parts in case of an accident or theft. Usually, insurers deduct the car's depreciating value from the claim amount when settling the claim.

Own damage insurance vs zero depreciation car insurance. You can get car insurance coverage for own damage only if you buy a Comprehensive Plan. On the other hand, you need to separately buy the Zero Depreciation car insurance add-on to get coverage against depreciation on the vehicle

A zero depreciation policy is usually not available as a standalone policy, but rather as an add-on cover. You may not be able to buy it separately or with a third-party liability policy alone. Instead, you can add it to your comprehensive coverage.