Depreciation Cover acts as a shield for your car !!

Get more for less. Precisely that’s what Depreciation Cover is all about. Bharti AXA General Insurance provides the right car insurance cover at low cost but with the maximum protection. Choosing Depreciation cover means you enhance the overall value of your car.

What is Depreciation Cover?

Depreciation means decrease in the value of an asset due to use. In car insurance, depreciation cover is widely referred to as Zero depreciation cover or ‘zero dep’ policy. Depreciation cover in car insurance provides you compensation without any deduction for depreciation on any replacement of parts arising due to accident. This will ensure complete coverage for your car. 

In case of accident, depreciation might pinch your pocket varying from 0-50% depending on age of the car and material which gets damaged. This makes it all the more important to have a Depreciation Car Insurance Cover in place to avail maximum benefits over the basics. Listed here are more features and benefits for your advantage.

• 100% re-imbursement on replaced depreciated parts
• Avail repairing costs of fibre, glass, rubber parts and plastic
• Affordable premium cost
• Renew annually

You can buy Depreciation Cover online along with your car insurance policy at a nominal cost. The power of Depreciation Cover would ensure you get your money’s worth of benefits and more.

What is covered?

Depreciation Cover offers multiple advantages with an additional premium amount.

• All plastic parts in case of a claim without applying depreciation
• All fibre and metal parts in case of a claim without applying depreciation
• For any replacement of parts arising out of accident
• Vehicle up to 5 year of age from the date of registration

Please note that only two claims in a policy period will be paid without deduction of depreciation.

What is not covered?

There are few special conditions applicable which are not covered under this add-on policy.

• Wear and tear
• Damage to uninsured items like accessories and bi-fuel/gas kit, tyres
• Damage due to uninsured peril
• Damage due to mechanical breakdown