Edelweiss Zero Depreciation Car Insurance
In car insurance, depreciation is termed as the loss of value of any asset due to certain factors like obsolescence, wear, and tear of the vehicle, and its age. Car is known as a depreciating asset. Similarly, certain depreciation is associated with some of the materials of which the car is made like metal, plastic, glass, etc. All these parts or material comes with different depreciation rate. Unfortunately, a regular car insurance won’t cover depreciation until and unless it is covered. Here come policies like Edelweiss Zero Depreciation Car Insurance into the picture!
What’s Edelweiss Zero Depreciation Car Insurance?
Edelweiss zero depreciation car insurance is an add-on cover that offers protection against car depreciation. A standard car insurance policy covers the losses only if the car is stolen or gets damaged, and when you file an insurance claim settlement, the compensation gets received only after deducting the standard depreciation.
Additionally, Edelweiss zero depreciation car insurance coverage can help you get compensation for the complete value of the car. The zero depreciation add-on coverage can be taken for the new vehicles and can be utilized during the policy renewal.
Benefits of Edelweiss Zero Depreciation Cover
Under Edelweiss Zero Depreciation car insurance policy, the insured can claim up to the complete value of the car, without considering the depreciation. The only thing is, you have to pay a slightly higher premium than a standard car insurance premium. But this can help you earn great rewards at the time of need.
Edelweiss Zero Depreciation car insurance policy can be claimed up to 2 claims, however, the policy is not applicable for theft, third party liability etc.
Who Can Buy Edelweiss Zero Depreciation Cover?
Insurance experts suggest this cover for protecting the insured vehicle in case of an unfortunate event. This policy can be proved extremely helpful for:
- The one who owns a new car
- One who is not a trained driver or in a learning phase
- The ones who own a luxury vehicle
- If you reside in an accident-prone are
- If you don’t like even a small dent or bump on your car
- If your vehicle demands higher maintenance
How to Buy Edelweiss Zero Depreciation Cover?
Buying Edelweiss Zero Depreciation cover is extremely easy. You can by this policy either online or offline. To buy online just visit the insurer’s website and complete the buying formalities online. While buying online, you’ll have to pay the premiums online.
If not, you can buy the policy by visiting any of the branch offices of the insurance company and complete the formalities.