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Car insurance is just a policy that’s signed between two parties, the policyholder and the insurer to cover the losses any particular one might incur because of damages done to the automobile or in an incident of theft. A pre-decided value is fixed according to the Insured Declared Value (IDV) of the vehicle for the premium to be paid by the policyholder periodically.

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What is Zero Depreciation Car Insurance?

Zero depreciation car insurance cover can be referred to as zero depreciation policy. Thus giving complete coverage without almost any depreciation. In clear terms, this statement means when your vehicle faces a collision the complete cost of the repair will undoubtedly be borne by the company. What is depreciation? In…