Insurance Zero Depreciation Means. A zero depreciation insurance is also known as a nil depreciation insurance. Without the zero depreciation cover, all insurers account for depreciation on your car's parts and therefore pay you your.
It means that if your car gets damaged following a collision, no depreciation is subtracted from the coverage of wearing out of any body parts of car excluding tyres and. However, this policy pays for itself when you meet with an accident and you do not have to foot the bill. Zero depreciation cover is applicable on both new and renewal of two wheeler insurance policies.