How To Check Zero Dep Insurance Policy?

What is Zero Dep Insurance Cover?

Zero Dep Insurance Cover is a type of insurance that is used to cover the risk of the car being stolen or damaged. It covers four main risks: theft, damage, fire and vandalism. Zero Dep Insurance Cover is a financial product that is designed to protect you from the risk of loss or damage to your property. It provides you with protection against natural disasters and accidents.

What Do You Mean By Zero Dep Insurance?

Zero Depreciation Insurance, also known as Zero Dep Insurance, is an add-on cover offered by insurance companies that provides complete coverage for the repair or replacement costs of parts of the insured vehicle without factoring in any depreciation value. This means that in case of damage to the insured vehicle, the insurer will not consider the depreciation value of the damaged parts while calculating the claim settlement amount. With a zero depreciation cover, the policyholder can enjoy a higher claim settlement amount, leading to lower out-of-pocket expenses. However, this cover is usually available at a higher premium than the standard car insurance policy.

What is Difference Between Comprehensive and Zero Dep Insurance?

The main difference between comprehensive car insurance and zero depreciation (or zero dep) insurance is the way depreciation is calculated for the purpose of a claims settlement.

• In comprehensive insurance, the value of the car and its parts may be depreciated over time, so the insurer may pay less for a claim.
• In zero dep insurance, on the other hand, depreciation is not taken into account, so the insurer will pay the entire cost of repairing or replacing damaged parts without any deduction for depreciation.

This makes zero dep insurance more expensive than comprehensive insurance, but it can be a worthwhile option for those who want coverage that is more comprehensive and do not want to bear the cost of depreciation. It is important to carefully compare the coverage and costs of different policies to choose the one that best fits your needs and budget.

What is Zero Dep Insurance For Car?

Zero depreciation or zero dep insurance is a type of car insurance policy that covers the cost of repairs or replacement of damaged parts of the car without factoring in the depreciation value. It is also known as a bumper-to-bumper insurance policy. With a zero dep insurance policy, the policyholder is not required to pay for the depreciation value of the car parts while making a claim for repairs or replacement. This means that the insurance company will cover the entire cost of repair or replacement of the damaged parts, except for the deductible amount that the policyholder may be required to pay.

How to Check Zero Dep Insurance in Policy?

A zero depreciation add-on cover, also known as Nil Depreciation and Bumper-to-Bumper cover, is a popular car insurance add-on cover under the own damage section of the car insurance policy. Insurance can be checked online from the website Parivahan or mParivahan app which is available on the play store. By entering the details of insurance would be displayed on the app alternatively the insurance can be checked online from the insurance company website or by calling our toll-free number 1800-123-4003.