Paragraph match score 80.2%
Page A-192
What is Nil Depreciation Car Insurance, and What Does it Mean?
For example, if a plastic bumper is damaged, a standard insurance policy may cover only 50% after depreciation. With zero dep insurance, the full cost is covered.
Page A-256
Insights Into Depreciation
For a standard car insurance policy, the insurance company can depreciate plastic and fibre parts up to 50%. With the zero-dep cover, the deduction is waived, and the insurer will bear the full cost.