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Zero Depreciation Car Insurance is a type of car insurance that covers the depreciation of the vehicle and offers an additional amount to cover the running and maintenance costs. The depreciation cover is offered by most car insurance companies in India. The insurance company pays for the depreciation of your vehicle, which can be up to 50% of its value.
Car insurance expiry date can be checked online from the website Parivahan or mParivahan app which is available on the play store. By entering the car number the details of insurance would be displayed on the app. The start date and expiry date of the car insurance can be viewed on the app and the insurance renewal can be done accordingly. Alternatively, the car insurance expiry date can be checked online from the insurance company website or by calling our toll-free number 1800-123-4003.
A Zero depreciation add-on cover, also known as Nil Depreciation and Bumper-to-Bumper cover, is a popular car insurance add-on cover under the Own Damage section of your comprehensive car insurance policy. This is typically chosen by car owners when there is a claim settlement, and the depreciation amount doesn't factor in. Zero depreciation car insurance offers protection in the event that the insured peril is engaged with accidental damage to the vehicle.
The best car insurance in India should have a good car insurance premium charged by the best insurance companies differs as per the coverage offered by the insurance companies. There are few factors that are to be considered before selecting the best car insurance that provides a claim settlement ratio & Cashless garages, IDV, Riders or Add-ons, Premiums, After Sales service, etc.
A third party car insurance is an agreement between the insurance company and the insured customer in which the insurance company agrees to settle the bodily injury or property damage claim of third parties involved in an accident with the insured customer in exchange for a considerable amount known as “Premium”. The third-party car insurance covers the death or bodily injury of the third parties involved in an accident with the insured’s car and also the property damage of third parties due to
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