Got 25% lesser payment against car insurance claim for damaged motor parts? Know why and how to avoid it

7 months ago 3
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Many car owners are shocked to receive significantly less than their claimed amount for damaged car parts, since they fail to account for depreciation. While the zero-depreciation cover, especially useful for specific parts like plastic and metal, increases the premium payable, it ensures full claim settlement without depreciation deductions, which is crucial for expensive vehicles and EVs. Read on to know more
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