Meaning
This car insurance add-on offers better protection for your vehicle.Definition
Zero Depreciation Cover, also called “Nil Depreciation” or “Bumper-to-Bumper,” is an add-on in car insurance. It means no depreciation is deducted from claim settlements for parts after an accident.How It Works
Normally, insurers deduct depreciation from damaged parts. With this cover, the insurer pays the full repair or replacement cost (excluding minor consumables), leading to a higher claim amount.Benefits
It provides extensive protection, significantly lowering your out-of-pocket expenses during claims.Author
