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What Is Zero Depreciation Car Insurance?
Zero depreciation car insurance, also called zero depreciation insurance or nil depreciation cover, is an add-on attached to a comprehensive car insurance policy. A standard policy deducts a percentage of depreciation from replacement parts before settling your claim.
What Is Zero Depreciation Car Insurance Cover?
Zero depreciation car insurance is an add-on cover which is available with comprehensive car insurance plans. It is also called nil depreciation or bumper-to-bumper cover. Under this add-on, the applicable depreciation on the different parts of the car is not considered in the case of claims.