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Zero Depth Insurance: Zero depth insurance is a type of motor insurance policy in which if there is any damage to your vehicle, then you are paid the full cost of that damage, without any depreciation deduction. In this policy, the insurance company bears the entire cost of repairing your vehicle, so you do not have to pay any additional amount.
Benefits of Zero Depth Insurance:
Full coverage available: The insurance company bears the entire cost of repairing all the parts of your car, such as bumper, tyres, plastic, fibre etc.
No Depreciation: In a normal insurance policy, the value of the car's parts decreases with their use, which is called depreciation. But this does not happen in a zero-depth policy.
Financial Security: Even after a car accident, you do not have to face any major financial loss as the company pays the entire repair cost.
How to get benefits in case of accident:
If your car meets with an accident and you have zero depth insurance, you get reimbursed the entire cost of repairing your car on claim.
For example, if your car's bumper and headlights get damaged, the insurance company will bear the entire cost of repairing or replacing them. You will not have to pay any depreciation charges, which will make your expenses very low or zero.
This policy is especially useful for new cars, as their parts depreciate faster, and this policy protects you from that loss.