https://www.taxtmi.com/news?id=30692 Depreciation cover, or zero depreciation cover, is an optional add-on to comprehensive car insurance that prevents deduction of part-wise depreciation when settling repair or replacement claims. With this add-on the insurer bears the full cost of replacing damaged parts with new ones, producing a higher claim settlement. It is particularly recommended for recently purchased cars, frequent drivers, and those seeking to protect resale value, as it maximises claim receipts and enhances financial protection at claim time. en-us Sat, 18 Jan 2025 16:31:02 +0530 Sat, 18 Jan 2025 16:31:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30692 Depreciation cover, or zero depreciation cover, is an optional add-on to comprehensive car insurance that prevents deduction of part-wise depreciation when settling repair or replacement claims. With this add-on the insurer bears the full cost of replacing damaged parts with new ones, producing a higher claim settlement. It is particularly recommended for recently purchased cars, frequent drivers, and those seeking to protect resale value, as it maximises claim receipts and enhances financial protection at claim time. News - Sat, 18 Jan 2025 16:31:02 +0530 https://www.taxtmi.com/news?id=30692