TATA AIG’s Zero Depreciation Cover: Is It Right for You?

TATA AIG covers any damages to your car caused by cyclones, earthquakes, frost and other natural disasters

Owning a car is an investment. You need to follow a proper maintenance routine to keep it in good condition. However, from the moment you drive a new car off the lot, it begins to lose its value. This natural reduction in a vehicle’s worth over time is called depreciation.

While cars provide comfort and convenience, their value declines every year due to factors like wear and tear, ageing and usage. This is exactly where TATA AIG’s Zero Depreciation Cover proves to be useful.

This add-on cover for four-wheeler insurance from TATA AIG protects car owners from the effects of depreciation. A Zero Depreciation Cover, in contrast with traditional car insurance, will replace metal, rubber and fibre body parts of an automobile at their original cost without depreciation.

If you are still confused about whether or not you should opt for TATA AIG’s Zero Depreciation Cover, keep reading the post until the end. It outlines some useful insights about the policy.

TATA AIG Zero Depreciation Cover: Meaning and Inclusions

Also known as NIL depreciation insurance cover or bumper-to-bumper car insurance, a Zero Depreciation Cover provides car owners with comprehensive, end-to-end protection for their vehicles.

With TATA AIG car insurance zero depreciation policy, you can ensure that in case of an accident, your insurer will cover the entire cost of replacing or repairing your car’s components, without taking depreciation into account.

Here is what is typically covered by TATA AIG’s Zero Depreciation Cover:

Coverage for Accident-Related Damages

If your car gets damaged due to an accident, TATA AIG’s zero dep policy offers coverage for the associated costs. Without this add-on, car owners can only claim a certain percentage of actual damage.

This is usually based on the depreciation that has been accrued on the relevant components of the insured car. With this cover from TATA AIG, you can recover 100% of the costs associated with the damage.

Coverage for Fire-Related Events

When you buy zero dep car insurance from TATA AIG, you can rest assured that it will provide comprehensive coverage in case your vehicle sustains any damage due to fire-related incidents. This may include explosions, self-ignition, etc.

However, there are certain exclusions here. A policyholder will not get any coverage for parts that are specifically listed as being excluded from both the car insurance policy and the add-on coverage. 

Coverage for Damage Caused Due to Man-Made and Natural Disasters

TATA AIG covers any damages to your car caused by cyclones, earthquakes, frost and other natural disasters. Added to that, it also offers coverage for any damages to the car brought on by man-made events like strikes or riots.

Why Should You Buy TATA AIG’s Zero Depreciation Cover: Benefits it Offers

Here are the top reasons why you should opt for TATA AIG’s zero depreciation car insurance:

 Enhancement in the Coverage

With TATA AIG’s Zero Depreciation Cover, you won’t have to worry about the expense of fixing your car’s components or about the claim amount being reduced.

Higher Claim Amount

By including TATA AIG’s Zero Depreciation Cover, you can file a claim for the entire cost of repairing or replacing the insured components of your car. In fact, you may also benefit from a larger claim amount as the amount of depreciation does not reduce the amount of the claim.

Nominal Additional Cost

TATA AIG’s Car Insurance Zero Depreciation Cover offers significant benefits to your car insurance coverage at a minimal additional cost to your insurance plan.

Peace of Mind

With TATA AIG’s Zero Depreciation Cover, you can rest assured that your vehicle is financially protected against any damages, which also includes depreciation.

How to Buy TATA AIG Car Insurance Zero Depreciation Cover

Here is a step-by-step guide that will help you purchase TATA AIG Zero Depreciation Cover without any hassle:

• Step 1: Go to TATA AIG’s car insurance page.
• Step 2: Enter the make, model and registration year of your car.
• Step 3: Choose a plan that suits your insurance needs and budget.
• Step 4: Select your preferred zero depreciation add-on.
• Step 5: Pay the premium amount to complete the purchase.
• Step 6: Download the documents for future use.

 To Conclude

Your car may lose its value over time due to depreciation, but that does not mean you have to bear the financial burden when accidents or damages occur.

TATA AIG Zero Depreciation Cover is a valuable add-on that ensures you receive the full cost of repairs. With TATA AIG, you can be financially relieved even in the most strenuous times as well as maintain your car’s value.

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