Zero Depreciation Car Insurance cover is a popular type of car insurance policy in India. It offers comprehensive coverage for damages to the car without taking into account the depreciation of its value over time. The policy provides coverage for repairs or replacement of car parts without any deductions for depreciation, ensuring that car owners get the full value of their car's parts in case of damages.

However, many car owners wonder what happens to their zero-depreciation car insurance cover after 5 years. Does the policy still provide the same coverage, or does it change in any way? Let's explore this in more detail.

Zero depreciation car insurance cover is typically available for new cars for a period of 5 years from the date of purchase. After this period, the insurance company may offer a different type of policy that includes depreciation. This means that if you have a zero depreciation car insurance policy that is older than 5 years, you may need to switch to a new policy that includes depreciation.

Benefits of zero depreciation cover

Apart from being advantageous on the finances, zero depreciation cover carries more benefits with your car insurance like;

• Increase in the claim amount
• Wear and tear factor eliminated in settlement
• Affordable Add-on cover
• Coverage for all cars below five years of age
• Covers for all repair costs except total loss and consumables cost
• Peace of mind

In conclusion, if you have a zero depreciation car insurance policy, it is important to understand that the policy may change after 5 years. You may need to switch to a new policy that includes depreciation, and the premium for this policy may be higher. Be sure to consult with your insurance provider to understand your options and choose the best policy for your needs.