What is Zero Depreciation Car Insurance

Most assets like our cars, see wear and tear over a period of usage. This causes a dip in the total value of the asset. This is called depreciation. It happens quickly with cars and despite the best insurance plans, you tend to get lesser coverage on claims, year-on-year. If this disheartens you, then you might want to invest in a zero depreciation policy.

Zero Depreciation insurance means that despite the value of your car going down with time, you get complete coverage on expenses incurred in case of damage.