What is Zero Depreciation car insurance?
Zero depreciation is a car insurance add-on cover that makes the insurance companies settle the claim amount without taking the depreciation on various parts of the car into consideration, which enhances the claim amount of the policyholder. It can be availed for a limited number of times in a policy term of the insurance policy.
Is Zero Depreciation add-on cover worth it?
In most cases, the zero depreciation cover costs approximately 15%of the car insurance premium. Though it may seem like a steep price for an add-on cover, it is worth the cost as the compensation amount will prove to be significantly higher than the premium. Things to Keep in Mind About the Zero Depreciation Add-on Cover?
How do I raise a claim for Zero Depreciation car insurance?
At ACKO, you can raise a claim in just the following 3 steps. Step 1: You must log in to your ACKO account by using your registered mobile number. Step 2: Find your Zero Depreciation Car Insurance policy and click “Claim”. Step 3: Answer a few questions to describe the claim in detail and submit the claim for further processing.