Starting at only ₹6 per Day*

Starting at only ₹6 per Day*
Depreciation in car insurance refers to the loss of value of a car over time because of various factors such as age, obsolescence, and every day wear & tear. Cars, in general, are devaluing assets. For instance, a new vehicle always costs more than an older one of the same model and make. Furthermore, there is an obvious depreciation related to all the car's elements, such as plastic, glass, metal, etc. Each of the components or parts has a varied rate of depreciation.
In the incident of an accident, therefore, if your car gets damaged, you will not be able to recover the entire price incurred on the component's replacement. The insurer only pays for the replaced parts by subtracting the depreciation amount. Therefore, you have to pay the difference in amount between the depreciated function and the market value of the new part. So, it is a good idea to avail of Future Generali zero dep car insurance, with the help of which you will be able to get maximum reimbursement during a claim.
Future Generali car insurance with zero depreciation cover protects you against all the physical damages sustained by your car without considering the depreciation of the vehicle and its parts. A zero depreciation add-on cover can fetch you the total compensation amount. A zero depreciation add-on cover offered by Future Generali can be availed easily for brand new cars. Obviously, you will have to pay a little more premium. However, this Future Generali zero dep car insurance feature is highly recommended to those who have recently bought a new car or own a luxury or sports car.
Future Generali zero dep car insurance policy offers a number of benefits to the insured, including:
Age of Car | Rate of Depreciation With Zero Depreciation Cover | Rate of Depreciation Without Zero Depreciation Cover (in %) |
Up to 6 months | 0 | Nil |
6 months to 1 year | 0 | 5 |
1 year to 2 years | 0 | 10 |
2 years to 3 years | 0 | 15 |
3 years to 4 years | 0 | 25 |
4 years to 5 years | 0 | 35 |
5 years to 10 years | 0 | 40 |
More than 10 years | 0 | 50 |
Paint Work, Plastic Parts, Tyres and Tubes, Rubber/Nylon/ Batteries and Airbags Parts | Nil | 50 |
Fiberglass Parts | Nil | 30 |
Future Generali zero dep car insurance policy covers the following damages:
Future Generali zero dep four-wheeler insurance policy does not cover the following damages:
The following factors are considered while availing Future Generali zero dep car insurance policy:
Buying Future Generali zero dep car insurance online is more accessible than buying a policy from other insurers. Check the steps below:
An easy and quick way to secure yourself against the devaluation of your car. After availing this cover from Future Generali, you must be happy with the policy and zero depreciation add-on for your newly bought car.
You are still required to pay for the compulsory deductible at the claim settlement even after purchasing the zero depreciation cover.
The premium amount of Future Generali zero dep car insurance depends on several factors such as the IDV of your car, age, and model and make. Usually, it costs up to 15%-20% of the base policy premium.
Future Generali Zero Dep cover waives off only the depreciation cost of replaced car parts. So, there remain some liabilities for you to pay in compulsory and voluntary deductibles.
In such a case, the claim settlement will be done without the Future Generali zero depreciation cover benefits, and therefore, you can maintain the number of remaining zero depreciation claims.
No, Future Generali zero depreciation cover benefits don't include the coverage against theft.
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