What is Zero Depreciation Car Insurance?
An
additional cover purchased by the policy holder along with the Comprehensive
Car Insurance is called Zero Depreciation Car Insurance and also known as Nil
Depreciation Cover. It also provides coverage for depreciation over the car as
well as its parts over many years.
One
can purchase a zero dep add on, in order to do that one must pay some extra
premium in addition to the price of car insurance.
Generally
a normal insurance policy precludes normal wear and tear sustained over the years
but Zero Dep add on, unlike others includes this and get this depreciation
covered at one’s claim settlement which will further include both the amount of
car depreciation and that of its parts.
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