Zero depth doesn’t mean everything is covered
Under a standard car policy, depreciation is applied to various parts such as plastic, rubber, nylon and metal components depending on the age of the car. Zero depreciation coverage reduces or eliminates depreciation charges on eligible parts after an accident. “You may have to cover about a quarter of the repair costs yourself if you don’t have this add-on,” said Shanay Ghosh, managing director and CEO of Zuno General Insurance.