When purchasing a new vehicle, you might see bumper to bumper insurance included with the vehicle. This type of insurance is also referred to as the vehicle's factory warranty, new vehicle limited warranty, or comprehensive coverage.
Is bumper to bumper same as comprehensive?
Comprehensive insurance protects the driver and the car in case of an accident, while bumper to bumper insurance covers just the car. Comprehensive insurance is more expensive than bumper to bumper but it offers more coverage. It covers you for damages caused by accidents, fire, theft, storms, and vandalism.
Is bumper to bumper same as zero depreciation?
No, bumper-to-bumper cover and zero depreciation cover in car insurance are not different. These are just different names for the same car insurance add-on cover. This add-on protects you from the depreciation value of your insured car.
What is zero DEP insurance?
With zero depreciation coverage, the insured does not have to pay the depreciation value of the damaged or replaced parts and the policyholder can claim. It applies to vehicles that are less than 5 years old and the policyholder can avail of it twice during the policy tenure.
What is the difference between comprehensive and zero depreciation insurance?
The Comprehensive Insurance Plan is an all-inclusive insurance plan. In an unfortunate event, it offers coverage to the policyholder's automobile, the policyholder and also covers third party damage. Zero Depreciation is primarily an add on feature which one can add to their comprehensive insurance plan. 2.