Starting at only ₹6 per Day*

Starting at only ₹6 per Day*
A new car fades not only in appearance but also in value as time goes on. It goes through the natural process of depreciation. Even if you have bought a standard National car insurance cover, you will still have to pay the cost of all the regular wear and tear expenditure at the time of claim settlement. But adding a National zero depreciation car insurance cover to your basic car insurance policy will ensure your protection from paying the cost of depreciation. You can claim the full compensation amount with a National zero depreciation car insurance add-on. Of course, adding it will raise your premium amount, but it’s worth the money you invest in it.
National zero depreciation car insurance add-on takes away the liability of paying the depreciation cost from the car owner. Instead, the insurance company does the same. The zero depreciation add-on can be purchased for cars not older than 5 years of age. Also, National Insurance sets a limit on the claim number you can file under this add-on cover within a policy tenure. It is to be noted that with National zero dep car insurance cover, the owner is still liable to pay some necessary and voluntary expenses.
A car owner can enjoy the following benefits by adding National zero depreciation car insurance cover to the standard car insurance policy:
Age of Car | Rate of Depreciation without Zero Depreciation Cover | Rate of Depreciation with Zero Depreciation Cover |
Up to 6 Months | Nil | Nil |
6 Months to 1 Year | 5% | Nil |
1 Year to 2 Years | 10% | Nil |
2 Years to 3 Years | 15% | Nil |
3 Years to 4 Years | 25% | Nil |
4 Years to 5 Years | 35% | Nil |
5 Years to 10 Years | 40% | Nil |
More than 10 Years | 50% | Nil |
Paint work rubber/nylon/plastic parts | 50% | Nil |
Fibreglass parts | 30% | Nil |
A National zero depreciation car insurance policy covers the following:
A National Zero dep car insurance policy does not include coverage for the following risks:
Following are the factors that need to be considered while availing of a Liberty zero dep Car insurance policy:
Buying National zero depreciation car insurance requires you to provide some of your and your car's basic information to the insurer. You can either add this while buying the policy itself or on renewal. Let’s check how you can buy the policy online.
Given below the steps to be followed in order to buy a National zero dep car cover at the company’s branch:
National zero depreciation car insurance cover seems impressive given the financial immunity it provides to you at the time of claim. Getting yourself safe against faster rates of depreciation helps you bag an impressive claim amount from the insurance company, albeit with some compulsory and voluntary deductibles.
No, the zero depreciation add-on cover of National Insurance does not cover electrical/mechanical breakdown.
How much money can I save with National zero depreciation car insurance add-on cover?
No, National zero dep car insurance does not cover any depreciation to the bi-fuel kit.
You can buy a zero depreciation add-on cover for your second-hand car if it is not older than 5 years.
No, National zero depreciation car insurance offers no coverage against stolen vehicles.
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