Since the value of any product you purchase depreciates with time and when that particular thing damages, the insurer only provides a limited specified coverage amount for replacing that particular product. However, in a zero depreciation car insurance, the insured gets 100% cover for the particular parts such as fibre, rubber, and metal but this cover does not provide coverage for the engine damage or mechanical breakdown of the car.
Digit Zero-Depreciation add-on cover comes with a few benefits. They are as follows:
Here are some of the factors that affect the Zero Depreciation cover under Digit car insurance:
Digit zero depreciation car insurance claiming process is hassle-free. The insured can get both cashless as well as reimbursement claiming process. If you want to raise a claim for zero-depreciation car insurance keep the following documents handy:
If you have all the documents mentioned above ready then you can go on and raise the claim. Follow the steps given below to raise the claim:
Bajaj Allianz Zero Depreciation Car Insurance
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National Zero Depreciation Car Insurance
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Reliance Zero Depreciation Car Insurance
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SBI Zero Depreciation Car Insurance
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Tata AIG Zero Depreciation Car Insurance Cover
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Ans: No, If your car is more than 5 years old then you cannot purchase the Digit zero depreciation add-on cover.
Ans: As long as the car is not more than 5 years old, you can purchase the Digit Zero depreciation insurance.
Ans: Yes, zero depreciation is an add-on cover that you can purchase if you have comprehensive insurance plan. To purchase this add-on you will have to pay an extra amount that will be added to your existing insurance premium.
Ans: If there was an accident and local police got involved in it then you are required to file an FIR and submit a copy of that FIR while raising a claim.
Ans: Yes, once you are insured with the zero-depreciation add-on, it will provide you 100% coverage for the rubber, metal and fibre parts of the damaged car. Also, your car must be less than 5 years old to get the benefits of this add-on cover.
Ans: No, if you do not have a valid driving license, you cannot raise a claim since it is one of the required documents to initiate the claiming process.
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