Third Party Vs Comprehensive Bike Insurance

1. Zero Depreciation Car Insurance

2. Lets First Understand What the Depreciation means • Depreciation affects your car insurance even if you don’t claim for the whole amount, which would be in the case of total loss of your car [think of situations like fire or theft here]. This is because, it also affects the car’s parts. Each part depreciates at a different rate. Here’s a look:

3. Rates Of Depreciation

4. The rate of depreciation for wooden parts and all the other parts varies as per the age of the vehicle.

5. Now What Is Zero Depreciation Cover? • A zero-depreciation car insurance cover, also known as nil depreciation or a bumper-to-bumper cover, pays the whole cost of external care body repairs or replacement without taking into consideration any depreciation in the value of the car parts.

6. Factors To Consider Before Opting For A Zero Depreciation Cover • The age of your car • The number of claims • The cost

7. When Is A Zero-Depreciation Cover Ideal? A zero-depreciation cover helps you save money during repairs or part replacement. It is an ideal cover for the following cases: • If your car is expensive—the depreciation value of its parts would be high. • If you live in an accident-prone area. • If you worry about small dents and bumps in your car. • If you are not sure of your driving skills.

8. To Know More Follow Us At: • www.acko.com