Car
Is Zero Depreciation Car Insurance Worth the Extra Cost?
When Kiran bought his Tata Safari, he didn't go for the basic car insurance plan. As a financially savvy person, Kiran has explored all the add-ons to enhance the coverage, such as engine protection, roadside assistance and more. One that caught his attention was the zero depreciation cover. He thought this one must be a must-have for his expensive new car, as the replacement cost of parts is typically higher.
Today, most of the insurance companies allow customisation of auto insurance plans based on your needs, vehicle usage, driving habits, etc. Zero depreciation coverage is the one rider that has gained traction among car insurance buyers, especially among high-end and luxury car owners.
Let us explore what this zero depreciation cover is all about, what its pros and cons are, and when it is worth having this rider and when it is not.