Acko Zero Depreciation Add-on

Depreciation is the decrease in the value of a car part. The reason for depreciation is time, as time passes the car and its parts keep depreciating due to their age and natural wear and tear. Depreciation is an ongoing process that applies until the vehicle's value becomes nil. Acko’s zero depreciation is an add-on that does not charge you for the depreciation during the claim. In simple words, with a zero depreciation add-on, Acko does not take depreciation into account while providing a claim. The zero depreciation add-on saves your money and also prevents the IDV (insured declared value) of your car from decreasing due to the depreciation.

What is Zero Depreciation Car Insurance?

Zero depreciation is an add-on that you can add to your stand-alone own damage (SAOD) or comprehensive car insurance policy. This add-on protects you from paying for the depreciated cost of the car or its part during a claim.

For example, if your total payable amount for repair is Rs. 30,000 and Rs. 6,000 is the depreciation cost of the car part, then without a zero depreciation cover the insurer will provide only Rs. 24,000 as the claim. On the other hand, if you have zero depreciation coverage, then the insurer will pay the complete amount of Rs. 30,000.

Hence, taking zero depreciation car insurance benefits you financially as it saves you from paying for the depreciation of the car and ensures that the insurer provides a total claim.

Here’s a list of car components and their depreciation value:

Below are the rates of depreciation for fixing the IDV of the car.

The Rate of Depreciation of Metallic Parts

Below is the rate of depreciation of metallic parts in a car concerning the age of the car:

Benefits of Purchasing Acko Zero Depreciation Car Insurance

The main advantages of purchasing zero-depreciation car insurance are as mentioned below:

1. Exclusive Plans: With Acko, you get the exclusive benefit of bundling your own damage or comprehensive policy with zero depreciation benefits while purchasing the insurance plan.
2. Get higher claim payout: When you add the zero depreciation cover, it slightly increases the premium but ensures you get the complete claim amount. With this add-on, you do not have to pay for the depreciation of the car which policyholders usually have to pay in case they don't have the zero depreciation add-on.
3. Save more money: The repair cost of cars is usually very high and can cost a fortune as well. Zero depreciation cover provides 100% protection and prevents you from exhausting your savings and investments on car repair.

How To Buy Acko Zero Dep Car Insurance with InsuranceDekho?

Before moving ahead with the purchase, keep in mind that you shall have the following documents handy.

1. Your registered mobile number to receive OTP
2. Your KYC details
3. A scanned copy of your passport-size photograph or a physical passport-size photograph (might be asked in some cases)

Please follow the given instructions to purchase Acko zero depreciation car insurance:

Online Process

InsuranceDekho provides a hassle-free and convenient way of purchasing car insurance, simply follow the given steps:

Step 1: Visit InsuranceDekho’s Website

Make a visit to the official website and then go to the homepage for Car Insurance. When the page opens, a form will appear within a few seconds.

Step 2: Enter your vehicle number e.g. DLXXBRXXXX

Fill in the basic details that are asked on the form, these details include your vehicle number, its make model and variant, etc.

Step 3: Compare All Car Insurance Plans

After submitting the form, you will be provided with a list of all the insurance plans with their quotes. You can select the ‘bumper to bumper’ check box on the bar to filter all the policies with zero depreciation included, or you can add the zero depreciation benefit later in the add-ons section. Compare these plans using the filters available and if you wish to proceed with Acko’s plan, click on it.

Step 4: Add the Zero Depreciation benefits

If you had not applied the’ bumper to bumper’ filter, you can now add the zero depreciation add-on. On the screen, you will be displayed a list of add-ons that you can add to your policy. These add-ons are listed with their price which will be added to the premium. Select the Zero-Depreciation add-on and proceed further by clicking ‘Next’.

Optional Step: Connect with An InsuranceDekho Advisor

InsuranceDekho understands that some customers might want to gain more insights before purchasing a policy. Hence, to make it easier for you we provide a customer advisor with whom you can connect by clicking on the “request a call back” button. You shall receive a call from the advisor and they will answer all your queries and can help you in further process as well.

Step 5: Make Payment

Moving to the final step, ensure you have reviewed the details of your policy and make any changes if necessary. Then you can complete the payment using a debit card, credit card, UPI, or QR code.

Offline

If you wish to purchase the policy offline, then InsuranceDekho provides assistance to do so. Contact InsuranceDekho by writing to support@insurancedekho.com or calling +91-7551196989. Mention that you want to purchase Acko zero depreciation car insurance and our dedicated team will help you.

Purchase Acko Car Insurance from the insurer website

You can also purchase the policy from Acko’s official website or mobile application. The steps will be very similar to those mentioned above.

Documents Required to Buy Acko Zero Dep Insurance Policy

The following documents are required to purchase the Acko Zero Depreciation policy:

• RC of Vehicle
• Personal Identity Card (Aadhar card /PAN card/ Passport/ Voter ID)
• Driving License
• Previous policy documents

Acko Zero Dep Car Insurance Claim Process

How to File a Claim (Step-by-Step Process)

To file a claim with Acko, follow the given steps:

Step 1: Initiating the claim as soon as possible is the ideal way to start the claim process. By doing so, your process becomes smooth and transparent. Also if you had an accident, file an FIR and keep a copy with you.

Step 2: Further in the process an inspector will be appointed to check the damages on your vehicle, and then approve your claim if no discrepancy is found.

Step 3: As the last step, get your car repaired. Make a choice between cashless or reimbursement claim processes.

Documents Required

Please keep in mind the following list of documents required for your claim settlement:

• Completed Claim Form
• Proof of Identity
• Repair Cost Estimate
• Bank Account Information
• Policy Documents
• Copy of FIR (if applicable)
• Vehicle Registration Certificate (RC)

Claim Assistance

InsuranceDekho being a customer based company has established a claim assistance team. We understand that filing a claim can be hectic sometimes. Whenever a customer requires assistant in a claim process, the claim assistance team is there to offer its services. The services for claim assistance are arranging all the required documents, providing key points regarding the claim process, ensuring you meet deadlines, and avoiding anything that can risk the claim. To avail of these services, simply call us at 0755-1196989 or email support@insurancedekho.com. A member of our team will be designated to help you throughout the claim journey. Our response time is quicker than the average of various insurer's customer support.

To know what is covered and not covered in your policy is crucial as it keeps you informed about the risks which have been transferred to the insurer and what risks you will have to bear. Some most common inclusions and exclusions are:

Inclusions

• You get full coverage on spare parts that are depreciable like fiberglass, plastic parts, rubber, nylon, etc
• You get the complete claim amount as per the IDV value.
• If you have an active policy without bumper to bumper cover, then you can get it as an add-on.

Exclusions

• Zero depreciation cover is not available for cars who are more than 5 years old.
• If the car is damaged till an extent that it is beyond repair, zero depreciation will not apply and IDV will be provided as per the current market value.
• Tyres and Tubes are usually not covered under the zero depreciation cover unless specified.
• If you are found guilty of driving under the influence of drugs or alcohol when the damage occured, you wont be provided any claim.
• If you had an accident while driving without a license, then the insurer will reject your claim.
• No compensation is provided for the consumables such as nuts, bolts, screws, oils, lubricants etc.
• Mechanical engine breakdown is not covered in this policy.
• The wear and tear of the car parts are not covered.

Customer Support

InsuranceDekho

If you need any assistance, reach out to InsuranceDekho customer support by:

• Calling us at 0755-1196989
• Emailing us at support@insurancedekho.com

Acko

Acko provides multiple channels to communicate with their customer support team. You can do so by:

• Calling at 1800 266 2256
• Emailing at hello@acko.com