Q1. What is bumper-to-bumper protection in a car insurance policy?

Ans: A bumper-to-bumper or zero depreciation or nil dep is a helpful add-on cover that you should opt for while buying a motor insurance policy in order to claim the entire cost of replacing/repairing damaged vehicle parts in case of an accident.

Q2. What are the major inclusions under Shriram zero depreciation car insurance?

Ans: A Shriram nil depreciation add-on covers the cost of depreciation borne by the insured car. A standard car insurance policy excludes this wear and tear of the car, but with a zero dep cover, you can also get compensated for this depreciation at the time of claim.

Q3. Is it beneficial to buy zero depreciation car insurance for a 7-year-old car?

Ans: Yes. In case of damages caused to your vehicle in an unfortunate accident, the out-of-pocket expenses without the nil depreciation add-on cover can be significantly high. Opting for a Shriram zero dep add-on protects you from bearing such hefty costs of repairing your vehicle as the insurer pays the complete claim amount without deductions.

Q4. What is the claim processing time for Shriram zero depreciation car insurance?

Ans: Once you submit all the required documents, your claim will be settled within 7 days.

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Shriram Zero Depreciation Car Insurance

A zero dep add-on is a beneficial cover to keep the out-of-pocket expenses to minimum in the event of accidental damages caused to the insured vehicle. The Shriram General Insurance company offers this add-on with a comprehensive car insurance policy that covers the entire cost of repair/replacement of car parts without considering depreciation.

Benefits of Shriram Zero Depreciation Car Insurance

Shriram bumper to bumper add-on can be purchased along with a comprehensive vehicle insurance policy to avoid deductions of your vehicle's depreciation costs during a claim. Cited below are the key benefits you get when you opt for a nil dep add-on:

Greater Protection: Older cars may incur hefty costs for parts repair/replacement in the event of accidental damages. A nil depreciation cover offers comprehensive protection against these high costs, ensuring very low out-of-pocket expenses for the policyholder.
Long-term Savings: Though the premium amount for a zero dep car insurance is slightly higher than a standard comprehensive plan, it is cost-effective in the long run as it keeps overhead costs for part repairs/replacements to a minimum.
Rapid Claims: The claim process under Shriram zero dep car insurance is speedy and smooth. With 2000+ network garages across India, you can easily find the right garage for your vehicle repair.

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How to Buy Shriram Zero Depreciation Add-on Cover?

It is an easy and quick process to buy car insurance online with a nil depreciation add-on:

Select ‘Car Insurance' on the homepage of Policybazaar.com.
On the given form, enter your car number and select its make, model, variant, registration year, RTO, etc.
From the list of different motor insurance plans, select Shriram car insurance.
Under 'Add-ons and Accessories', add the 'Zero Depreciation' cover.
Now you will see the updated premium of your four-wheeler insurance, which you can pay online through debit/credit cards, net banking, or UPI.
After successful payment, you will receive your policy documents in your registered email.

Shriram Zero Depreciation Car Insurance Claim Process

You can easily raise a claim under your Shriram nil depreciation four-wheeler insurance by following these steps:

The first step is to register a claim by visiting the official website of Shriram General Insurance or by calling their claim assistance team.
During claim intimation, you need to provide information about the accident and damages caused to your vehicle.
A surveyor is then appointed by your insurer to inspect the vehicle and estimate the repair cost of damages.
Submit the required mandatory documents for claim verification.
After inspection, your vehicle is sent for service and repairs to one of the network garages of your insurer.
After repairs, your insurance company settles the claim with the garage by paying the entire amount without considering depreciation costs.

Documents Required for a Shriram Zero Depreciation Car Insurance Claim

The following documents are needed to raise a claim under your zero depreciation motor insurance policy:

Copy of insurance policy
Registration and fitness certificates of the insured car
ID proof of the policyholder
Duly filled and signed claim form
Cancelled cheque for claim payment through NEFT
Police FIR(if applicable)

FAQs

Q1. What is bumper-to-bumper protection in a car insurance policy?

Ans: A bumper-to-bumper or zero depreciation or nil dep is a helpful add-on cover that you should opt for while buying a motor insurance policy in order to claim the entire cost of replacing/repairing damaged vehicle parts in case of an accident.
Q2. What are the major inclusions under Shriram zero depreciation car insurance?

Ans: A Shriram nil depreciation add-on covers the cost of depreciation borne by the insured car. A standard car insurance policy excludes this wear and tear of the car, but with a zero dep cover, you can also get compensated for this depreciation at the time of claim.
Q3. Is it beneficial to buy zero depreciation car insurance for a 7-year-old car?

Ans: Yes. In case of damages caused to your vehicle in an unfortunate accident, the out-of-pocket expenses without the nil depreciation add-on cover can be significantly high. Opting for a Shriram zero dep add-on protects you from bearing such hefty costs of repairing your vehicle as the insurer pays the complete claim amount without deductions.
Q4. What is the claim processing time for Shriram zero depreciation car insurance?

Ans: Once you submit all the required documents, your claim will be settled within 7 days.

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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in