All commodities including your car is subject to depreciation i.e., devaluation of a commodity over its age due to wear and tear. Besides affecting the market value of your car, depreciation also affects the claim amount disbursed to you during a claim settlement. The insurer factors in the cost of depreciation of the car and its replaced parts at the time of a claim resulting which you get a lesser claim amount. This heavy liability can be put aside with the Shriram Zero Depreciation Add-on cover. By purchasing the Shriram zero depreciation add-on, you get claims without subtraction of depreciation cost from it.

Benefits of Shriram Zero Depreciation Add-on Cover

Lesser Liability And Higher Claims: The Shriram Zero Depreciation add-on cover spares the policyholder from paying the cost of depreciation during a claim settlement. This lowers the liability on the side of a policyholder which helps him/her get higher claim amounts.

Availability of 2 Claims: Shriram General Insurance allows you to make up to 2 zero depreciation claims during the policy period.

Conditions for Shriram Zero Depreciation Add-on Cover

• A maximum of only 2 claims is accepted under the zero depreciation cover during the policy period.
• It is not applicable in case of constructive total loss, total loss and theft of the insured vehicle.