Zero Depth Insurance Meaning In Hindi. Claim settlement post inclusion of car depreciation. Zero depreciation is also known as nil depreciation or bumper to bumper cover that leaves out the ‘depreciation’ factor from the coverage.
Bīmā assurance, life insurance, reinsurance. It nullifies the effect of depreciation on the car insurance claim making the claim value higher. Vehicles are those assets that depreciate automatically as per the time duration.