Motor Insurance Without Depreciation

    • 31 posts
    June 28, 2023 8:45 AM EDT

    If they do not choose this form of insurance, the car owner is responsible for depreciation. In order to lower the claimed insured value, the car's depreciated value is taken into account when a claim is resolved. When purchasing zero-dep insurance, the depreciating factor is not taken into account, allowing the claimant to obtain payment for the entire covered amount. However, the cost of zero-depreciation Motor insurance is higher.