Edelweiss Zero Depreciation Car Insurance

Owning a car is a significant investment for many Indian families and keeping it safe becomes the owner’s duty. One such protection your car can get is an Edelweiss zero depreciation cover. Read below to learn more.

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Edelweiss Car Insurance Company offers two types of plans - third-party insurance and comprehensive insurance.

Every car is subject to depreciation or the loss of value over time, which directly impacts the insurance coverage. Zero depreciation cover is a popular vehicle insurance add-on that car owners choose. It transfers the risk of the car’s depreciation to the insurance company in exchange for a small fee.

Who Can Opt Edelweiss Zero Depreciation Car Insurance?

  • New automobile owners.
  • Owners of High-End Automobiles with Expensive Parts.
  • Residents of accident-prone areas.
  • New Motorists.
  • Who drives regularly

Edelweiss Zero Depreciation Car Insurance Policy Benefits

  • Claims settled within a short period
  • 20 years of experience as an insurance company (offering reliability)
  • Special recognition and awards were received, like the SAP ACE award 2018
  • Customer care service available 24*7
  • Special priority is given for service at certain garages 
  • Cashless claim settlement
  • Different options of policies available for different customer needs

Greater Claims Payments: When combined with a conventional comprehensive automobile insurance plan, the zero depreciation add-on cover helps consumers to get higher claim amounts. The policy transfers obligation for depreciation costs from the insurer, indicating that Edelweiss will be responsible for retirement payments.

Multiple Claims: During the course of a policy term, a customer can make up to two claims for the Edelweiss zero depreciation protection.

Edelweiss Zero Depreciation Car Insurance Claim Process

The depreciation of a vehicle is indicated on the policy terminologies at the time of settling claims. As previously stated, you must pay 50% depreciation on nylon, plastic, and rubber parts, including batteries, 30% on fibreglass components, and 5-10% on wooden parts and other similar items.

The insurance only compensates the damage after depreciation is deducted in the case of basic auto insurance policies.

One can purchase zero-depreciation automobile insurance as an add-on now that you're aware of the benefits.

Edelweiss Zero Depreciation Car Insurance FAQs 

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Note: This is your car’s recommended IDV as per IRDAI’s depreciation guidelines.asdfsad However, insurance companies allow you to modify this IDV within a certain range (this range varies from insurer to insurer). Higher the IDV, higher the premium you pay.

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