Glossary
Zero Depreciation Cover
A car add-on that waives depreciation on replaced parts at claim time.
Normally an insurer deducts depreciation on parts like plastic and rubber, so you pay a share of a repair. Zero depreciation (bumper-to-bumper) waives that deduction for a fuller claim. It is usually worth it for new and near-new cars.
Related guides
More glossary terms
DeductibleCo-payment (Co-pay)IDV (Insured Declared Value)No Claim Bonus (NCB)Claim Settlement Ratio (CSR)Incurred Claim Ratio (ICR)
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