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Benefits of Purchasing HDFC ERGO Zero Depreciation Car Insurance

Here are the benefits of buying HDFC ERGO’s zero depreciation add-on for your car insurance:

  • 01

    Higher Claim Amount

    You pay a little extra for this add-on, but it ensures you get more money when you make a claim. This means the cost of replacing any parts is fully covered.

  • 02

    Save Money

    With this add-on, you don’t have to pay extra from your own pocket during a claim. Without it, you would need to pay for some of the repairs yourself.

  • 03

    Protect Yourself from Big Expenses

    This add-on increases the amount you get during claim settlements. Without it, you might have to spend a lot of money on repairs or damage.

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Depreciation Rate of Car- Without and With HDFC Ergo Zero Depreciation Add-On

Age of CarWithout the Zero Depreciation add-onWith the Zero Depreciation add-on
Under 6 monthsNil0%
6 months to 1 year5%0%
1 to 2 years10%0%
2 to 3 years15%0%
3 to 4 years25%0%
4 to 5 years35% 0%
5 to 10 years40%0%
More than 10 years50%0%

Depreciation Rates According to the Parts of the Car

Parts of a CarWithout Zero DepreciationWith Zero Depreciation
Rubber/Nylon/Plastic parts50%0%
Fibre Glass Parts30%0%
Glass PartsNil0%

Disclaimer: The given depreciation rates in the above tables are indicative. Check your policy document to get the exact terms and conditions.

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