Bharti Axa Zero Depreciation Add-on

Bharti Axa Zero Depreciation Add-On

Depreciation is the decrease in the value of a commodity due to wear and tear over time. The value of your car also decreases with time due to depreciation. At the time of settlement of a car insurance claim, the cost of depreciation of the car is borne by the policyholder and not by the insurance company. However, you can do away with the liability of bearing the cost of your car’s depreciation by purchasing a zero depreciation cover. It can be added to the Bharti AXA comprehensive car insurance by paying an extra premium.

By opting for the Bharti AXA zero depreciation cover you can protect yourself from paying the cost of depreciation applicable on all parts of your vehicle.

Benefits of Bharti AXA Zero Depreciation Add-on

• Higher Claim Amounts: Standard comprehensive car insurance takes depreciation into account while settling the claim. Adding zero depreciation cover to regular insurance policy helps you claim amount without getting the cost of depreciation deducted from it. Thus, you can get higher claim amounts with Bharti AXA zero depreciation cover.

• Extensive Coverage: The Bharti AXA zero depreciation cover extends the coverage of your insurance policy by taking into account the liability of applicable depreciation on your car and its parts.

Depreciation Rate Applicable on Car Without Zero Depreciation Cover

Depreciation Rate Applicable on Different Parts of Car Without Zero Depreciation Cover

Conditions of Bharti AXA Zero Depreciation Add-on Cover

• This cover is available for cars that are up to 5 years of age.
• Policyholders can file a maximum of two claims during the tenure of the policy.
• The premium of the policy is evaluated based on the age and model of the car as well as the geographical location from which the policy is being registered.