Starting at only ₹6 per Day*

Starting at only ₹6 per Day*
Zuno zero depreciation car insurance offers full coverage without taking into account your car's depreciating value. If you file a claim and your car or any part of it is damaged in an unfortunate incident, you will end up receiving the total sum of the repaired parts and components. For zero depreciation benefits, Zuno will charge an extra premium. However, paying the same doesn’t hurt you. It’s an add-on one should buy given how quickly the value of cars depreciates.
Your car, like any other financial asset, will deteriorate over time. It is the decrease in a car's value caused by age and normal wear and tear. Depreciation diminishes the real economic value of the car and thus determines the rate you receive when trying to settle your claim. Assume that a policyholder does not have Zuno zero depreciation coverage in addition to the comprehensive plan. In that case, the insurer is not required to cover the depreciation cost of the insured car's replaced parts. As an outcome, during claim settlement, the insured person receives a fairly low claim amount.
Zuno zero depreciation add-on cover means that the insurance company will compensate or reimburses the depreciation charges on your car and its parts. This add-on coverage also allows policyholders to make bigger claims without any fear of depreciation. Zuno zero depreciation car insurance premiums are combined with that of the base plan. The consolidated sum is what you need to pay on the due date.
Owning the Zuno zero depreciation add-on cover in addition to the existing comprehensive car insurance policy enables policyholders to make bigger claims. The coverage transfers the insured's liability for depreciation costs to the insurer, implying that Zuno will cover the costs of depreciation.
• During the policy period, a policyholder can use the Zuno zero depreciation coverage for roughly two claims.
• The claim is immediately addressed.
• 20 years of insurance expertise (offering reliability).
• Customer service operates 24 hours a day, seven days a week.
• Cashless claim settlement services available at its network garages
• Special consideration is given to policyholders at certain garages.
• Different policy alternatives catering to different customers are available.
The rate of depreciation based on its age is mentioned below.
Age of car | Rate of Depreciation with Zero Depreciation Cover | Rate of Depreciation without Zero Depreciation Cover |
<6 months | 0% | Nil |
6 months to 1 year | 0% | 5% |
1-2 years | 0% | 10% |
2-3 years | 0% | 15% |
3-4 years | 0% | 25% |
4-5 years | 0% | 35% |
5-10 years | 0% | 45% |
>10 years | 0% | 50% |
Car Parts | Rate of Depreciation with Zero Depreciation Cover | Rate of Depreciation without Zero Depreciation Cover |
Paintwork/nylon/rubber/plastic parts, tubes and tires, batteries and airbags parts | 0% | 50% |
Fiberglass parts | 0% | 30% |
Glass parts | 0% | Nil |
Zuno Zero Depreciation can be added to your comprehensive/own damage standalone car insurance policy.
When purchasing the policy online, you have two alternatives: go to the official website of Zuno or a trusted brand like paytm. Once there, follow the steps below:
Edelweiss car insurance policy offers impressive zero depreciation coverage to your existing policy. The popularity of this plan stems from its simple claim settlement procedure.
Policyholders can use any of the cashless or reimbursement claim settlement options for Zuno zero depreciation car insurance. Cashless claim settlement, which means no upfront payment for the policyholders to make, is available at the network garages of Zuno car insurance. Whereas reimbursement claims mean the payment for repairs needs to be done before Zuno settles the amount to the policyholder. You can get this service at any of the car garages. Ensure to intimate Zuno as soon as your car meets with an accident.
The Zuno zero depreciation add-on cover does not have a fixed premium; it is purchased as an additional premium in conjunction with a comprehensive policy. The premium amount for comprehensive policies is determined by factors such as the insured declared value (IDV) of your vehicle, age, MMV, cubic capacity, and so on.
Factors such as the car’s age, its MMV (make, model, and variant), the frequency at which a new vehicle is sold or purchased, and the worth of your car’s parts and components.
The premium of the existing Zuno car insurance policy will be paid along with the one applicable in case of zero depreciation cover.
Yes, you can. There are multiple payment options available, such as net banking, UPI, wallet, debit card, credit card, etc. You can use any of them.
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