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Zero Depreciation cover in Car Insurance

Zero Depreciation cover is provided by all insurance companies. Know more about the zero dept cover and its benefits.

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Zero Depreciation cover in Car Insurance

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  1. Search. Compare. Buy Add-on Covers You Can Buy With Car Insurance

  2. NCB Protector • No Claim Bonus is a reward offered to a policyholder for making no claim during a policy year. • At the time of renewal, insurance company offers up to 50% discount on insurance premium if the policyholder does not make any claim throughout the year. • Having an NCB Protector cover protects your NCB even if you have made a claim in the previous year • This helps you preserve your NCB and also rewards you with applicable discount

  3. NCB Schedule

  4. NCB Protector Exclusions • More than two claims are made under the Policy. • A claim is made for Total Loss (TL)/ Constructive Total Loss (CTL). • The ownership of the Insured Vehicle is transferred

  5. ZeroDepreciation • A Zero Depreciation cover is an add-on cover that entitles you to receive the full claim without calculating the value of depreciated parts. • A zero-depreciation cover is also known as bumper-to-bumper cover or nil depreciation. • This type of coverage can be obtained for a brand new vehicle as well as for vehicles not more than 3-5 years old. • Claim registered for damages only to the windscreen glass/ rear glass/ door glass/ sun-roof glass or theft of accessories or parts will not be considered.

  6. ZeroDepreciation Exclusions • A Zero Depreciation cover is an add-on cover that entitles you to receive the full claim without calculating the value of depreciated parts. • A zero-depreciation cover is also known as bumper-to-bumper cover or nil depreciation. • This type of coverage can be obtained for a brand new vehicle as well as for vehicles not more than 3-5 years old. • Claim registered for damages only to the windscreen glass/ rear glass/ door glass/ sun-roof glass or theft of accessories or parts will not be considered.

  7. Engine Protection This cover protects your car against engine damage caused due to: • Leakage of lubricating oil • Damage to gear box • Water ingression • Hydrostatic lock – When you repeatedly try to start a moist engine, it can cause an engine failure The cover also insures you against damages caused to: • Internal parts of engine • Gear box, transmission or differential assembly

  8. Engine Protection Exclusions • Ageing, depreciation and wear and tear is not covered. • Losses falling under the ‘Manufacturer’s Warranty’, including Product recall. • If there’s any loss or damage caused due to delay in intimating your insurer or if there’s a delay in retrieval of the vehicle from a water logged condition or rusting/corrosion due to the delay then the costs won’t be covered. • Claim made under self-authorization mode – where the vehicle is dismantled, repaired & replaced without our prior consent/inspection.

  9. KeyReplacement: • A cover that bears the cost of stolen/lost keys • It covers the cost of making replacing the car a new key • Covers the cost of lost keys • If the vehicle is broken into, then the cost of locks need replacement it is covers its cost too

  10. KeyReplacement: Cover Exclusions: • Cost to replace keys of the vehicles that is not owned for personal use

  11. Roadside Assistance: • This cover gives you the following benefits if you’re stuck mid—way. • Battery jump start • Towing service • Spare key arrangements • Phone assistance • Emergency fuel • Minor repairing • Alternative transport/ accommodation • No Exclusions

  12. Consumables Cover: • Valid for vehicles insured within 5 years from the date of registration • Covers costs for bolts, nuts, screws, washers, brake fluid, etc • This cover is a suitable option for high-end cars No Exclusions

  13. Accessories Cover: • Under the electrical fittings, car accessories like spoilers with brake light, music system, fog lights, and air conditioners (If not a standard fitment) are covered. • Under, Non-electrical fittings accessories such as non-electrical spoiler, seat covers, alloy wheels, interior fittings, etc. are covered • It also provides cover for the CNG/LPG kit fitted in your car No Exclusions

  14. Invoice Protection Cover: • This cover settles your claim on the basis of invoice value and not the car value • It gives you with the benefit to avail the full value of the vehicle in case of total loss or theft of the same. • This add-on benefit covers original invoice value including registration taxes and road paid tax.

  15. Loss of Personal Belongings • Covers the cost of loss of personal belongings including laptop or any electronic device from a locked vehicle. • Few insurers provide personal belonging cover up to an amount of Rs. 50,000. • Provides coverage in case of death, permanent or partial disability caused to the owner due to an accident • This cover provides protection to the policyholder as well as the paid driver • Typically, this type of cover provides maximum coverage of up to 1 lakh and is subjected to vary from insurer to insurer.

  16. Search. Compare. Buy

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