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What is Bumper-to-Bumper Car Insurance?
A bumper-to-bumper policy, also called zero depreciation cover , is an add-on that provides extended coverage for damage to your vehicle. Your car, as you may know, is a depreciating asset, and over time, its parts depreciate due to wear and tear. Every time you raise a claim for any of the coverage under the policy, your insurer deducts the depreciation amount, which you have to pay out of your pocket. This significantly increases your share when a repair is required. However, if you have purchased bumper-to-bumper car insurance, no such deduction is made. The claim amount is paid by your insurer.
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This is where zero depreciation cover , also known as bumper-to-bumper insurance, comes in. What is Zero Depreciation Coverage?