New India Zero Depreciation Add-on

When it comes to cars, their worth depreciates with time. Due to this, insurers charge a higher premium for their insurance and reduce the claim amount with time. To avoid this situation, you can include an add-on cover known as Zero Depreciation by The New India Assurance Company Limited to your comprehensive or standalone own-damage policy.

The Zero Depreciation add-on cover will offer coverage against the default depreciation applicable on your car and its parts, which will help you get a higher claim in return. You can get this cover added to your comprehensive or standalone own-damage car insurance policy by paying a little extra premium. The absence of this add-on cover will make you receive a lower claim amount as the claim amount would be calculated after considering the depreciation amount.

Benefits of New India Zero Depreciation Add-On Cover

On adding this add-on cover to your policy, you will be eligible to get the following benefits:

• Get the coverage for repair or replacement of the car’s depreciated parts.
• Zero depreciation will be applicable to your whole car except on tyres, tubes and batteries which will be charged at 50% (default depreciation).

Depreciation Rate Applicable on Car With And Without Zero Depreciation Add-on

This zero depreciation add-on cover is loaded with the following features:

• You can make unlimited number of claims under this add-on.
• It can be availed only if your car’s age is not more than 34 months.