Sentences with phrase «nil depreciation»

However, when you opt for a zero depreciation cover, your insurer will cover the entire cost, and not just a part of it, meaning that it guarantees that the full claim amount with nil depreciation deduction.

This adds on provides for cover against nil depreciation, Consumables, engine cover and key protect cover.

Widely known as Nil Depreciation or Bumper to Bumper cover, this cover tops the list of add - on covers.

One of the important add - on covers is the Zero Depreciation cover, also known as the Nil depreciation or Bumper to bumper cover.

However, a nil depreciation add - on cover ensures that full value of the spare parts is paid while settling claims and no depreciation is deducted, says Steve Hollow, deputy chief executive officer (CEO), SBI General Insurance.

Enhanced protections through nil depreciation are also available.

NIL Depreciation Cover in the plan is available on additional premium to cover the full value of parts in claim of Partial Damages to the Vehicle

Nil Depreciation: It ensures that one gets the full amount that he claims without any deduction of the depreciation value on parts of the car.