Royal Sundaram car insurance offers zero depreciation cover for cars that are not older than 10 years. On the other hand, the Edelweiss car insurance policy offers zero depreciation cover for cars less than 7 years old.
Why zero DEP is not available after 5 years?
However, for vehicles older than five years, or the models that are discontinued by the manufacturer, such an IDV is decided mutually by the insurance company and you, the policyholder. Thus, the cover for zero dep car insurance after 5 years is not available generally.
Which insurance is best for car after 5 years?
Ans: Usually, it is valid for cars up to 5 years. However, some insurers provide zero dep cover to cars older than 5 years as well.
How long can you claim zero DEP insurance?
A Third-Party Car Insurance Policy is mandatory, be it a new or old car. But you can consider buying the Comprehensive Insurance Policy for your old car as it provides all-round coverage for your car.