It’s a Comprehensive Protection against the losses arising due to Partial Loss/ Theft/ Total Loss which also covers the depriciation amount.
This cover will pay the amount of depreciation on the value of parts replaced under Own Damage Claim. ‘Own Damage’ here refers to damage to the vehicle insured and/or its accessories (if insured).
There is no limit for Nil. Depreciation claims under Advance, Premium and Luxury Products for Private Vehicles.
This cover will pay the cost of consumables required to be replaced/replenished arising from an accident to the insured vehicle.Ex: Engine oil, Gearbox oil, lubricants, nuts & bolts, screw, distilled water, grease, oil filter, bearing, washer, clip, break oil, A/c gas and other items of similar nature but excluding fuel.