Insurance Zero Depreciation Means. 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. Points to be considered before buying a zero depreciation policy now we know what zero depreciation policy is, but what are the points to be taken care of if we buy one of these?
However, while this cover enables you to recover the entire cost of your vehicle’s invoice amount, the rider comes at a high price tag, which means your insurance premium amounts may be high. Thus, it helps you save a huge amount. Icici lombard car insurance policy offers zero depreciation cover, that is, it provides coverage on replaced parts with no deduction for depreciation for the first two claims in a policy year.