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Kotak Zero Depreciation Add-on

Like every other asset, your car loses its value with an increase in its age owing to general wear and tear. This devaluation is called depreciation. It does not only reduces the market value of your vehicle but also affects your claim amount. This is because your insurer factors in the depreciation cost of the parts replaced at the time of repair of the vehicle. However, you can do away with this liability of depreciation cost by purchasing a zero depreciation add-on cover from Kotak General Insurance.

Benefits of Kotak Zero Depreciation Add-on

Here are some benefits of buying a zero depreciation car insurance add-on cover:

  • Higher Claim Amount: By exempting you from bearing the liability of depreciation cost, the zero depreciation add-on cover offered by Kotak enables you to receive higher claim amounts. By opting for the zero depreciation cover, a policyholder shifts the depreciation liability from himself to the insurer.
  • Rubber Cover: Unlike most insurance companies, Kotak General Insurance’s zero depreciation cover includes the rubber parts of your car in addition to other car parts at 100%. This means that the tyres and tubes are also covered under the zero depreciation add-on cover along with parts made up of fibreglass, glass, metal, plastic, etc. However, batteries are covered only to the extent of 50%.

Depreciation Rate Applicable on Car With And Without Zero Depreciation Add-on

Age of Car

Rate of Depreciation Without Zero Depreciation Cover

Rate of Depreciation With Zero Depreciation Cover

Under 6 months

Nil

0%

6 months to 1 year

5%

0%

1-2 years

10%

0%

2-3 years

15%

0%

3-4 years

25%

0%

4-5 years

35%

0%

5-10 years

40%

0%

Above 10 years

50%

0%

Disclaimer: Battery / Plastic / Nylon / Rubber parts -> 50% covered; Fiberglass -> 70% covered, Wooden & Metallic parts -> Depreciated basis age of vehicle (normal)

What Is Included Under a Kotak Car Insurance Policy with Zero Depreciation Cover?

Here are different aspects that will be covered under the zero depreciation cover:

  • Coverage for depreciable parts like nylon, rubber, fibreglass and plastic parts of the car.
  • In some situations, the zero depreciation also compensate damages to battery and tyres.
  • Repair or replacement cost born by the policyholder during the claim settlement is covered.

What Is Not Included Under a Kotak Car Insurance Policy with Zero Depreciation Cover?

Here are a few things that won’t be covered under the zero depreciation cover:

  • No coverage for total damage or loss sustained by the insured car.
  • No coverage for damages to the insured car due to mechanical fault or failure.
  • Damage or loss of uninsured items like gas kits, tires or bi-fuel kits is not covered.
  • Routine ageing or wear and tear of the car is not covered under a zero depreciation cover.

Factors Affecting Kotak Zero Depreciation Cover

Below are some factors which affects the zero depreciation add-on cover:

  • Modified cars are also not eligible for this add-on cover.
  • It is not available for cars whose parts are not available in the market.
  • The zero depreciation add-on cover of Kotak General is only available for cars up to 3 years of age.

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Must Read Articles before buying Kotak Car Insurance

Kotak Car Insurance User Reviews

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450 User reviews
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  • Protecting Your Car's Worth

    Zero-dep insurance is all about protecting your car's worth. InsuranceDekho’s Kotak Car Insurance Policy ensured that my investment in the policy for my Hyundai car is safeguarded to the fullest.

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    V
    By Vedashi Bidani
    On: November 24, 2023
  • No Worries, No Surprises

    The beauty of having own damage coverage with the Kotak Car Insurance Policy is that there are no worries and no surprises. I know that my Nissan car is protected against the unexpected, and that's invaluable.

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    By Sanjiv Kapila
    On: November 22, 2023
  • Seamless Policy Extension

    I extended my Kotak Car Insurance Policy through InsuranceDekho, and the process was seamless. The coverage continued without interruption, providing me with continuous protection for my Skoda car.

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    By Anshu Nayyar
    On: November 15, 2023
  • Invest in Hassle-Free Renewals...

    I consider my choice to invest in the renewal of the Kotak Car Insurance Policy through InsuranceDekho as an investment in hassle-free, continuous coverage. They make sure that I drive my Honda car with confidence, knowing my car is protected.

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    M
    By Mamta Rajender
    On: October 30, 2023
  • Tailored to My Needs

    InsuranceDekho's premium calculator doesn't offer a one-size-fits-all solution. It tailors premiums to match my specific needs to the Kotak Car Insurance Policy that I bought from the online portal, ensuring I get the coverage I want at a fair price for my MG car.

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    S
    By Saisha Manchanda
    On: October 17, 2023
  • Prompt Claim Settlement under ...

    InsuranceDekho ensures prompt claim settlement for third-party coverage for the Kotak Car Insurance Policy, helping policyholders like me to get back on the road quickly after an accident of my Nissan car.

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    G
    By Gunjan Reddy
    On: October 11, 2023
  • Own Damage Protection for My C...

    InsuranceDekho's own damage coverage with the Kotak Car Insurance Policy provides comprehensive protection for my Toyota car. It covers everything I need.

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    By Krishna Kumari
    On: September 29, 2023
  • Essential Coverage for Respons...

    InsuranceDekho's third-party coverage which is an added benefit of the Kotak Car Insurance Policy is essential for my Maruti car. It ensures you're financially responsible on the road.

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    J
    By Jai Bhatia
    On: September 20, 2023
  • All-In-One Protection with Com...

    With InsuranceDekho's comprehensive policy, I get all-in-one protection under the Kotak Car Insurance Policy for my BMW car. It's the ideal solution for complete peace of mind.

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    By Sandeep Singh
    On: September 14, 2023
  • Time-Saving Convenience

    Renewing my Kotak Car Insurance Policy for my Ford car through InsuranceDekho is a time-saving convenience. I no longer have to navigate complex paperwork; it's all done online with a few clicks.

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    J
    By Jyotsna Rana
    On: September 12, 2023
  • Budget-Friendly Premiums

    I found InsuranceDekho's third-party car insurance to have budget-friendly premiums. The Kotak Car Insurance Policy an ideal choice for my Tata car for cost-conscious car owners.

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    V
    By Vineeta Jain
    On: September 8, 2023
  • Confidence in Decision-Making

    The transparency and accuracy of the Premium Calculator instilled confidence in my decision-making to buy the Kotak Car Insurance Policy to insure my Mercedes-Benz. I know I'm choosing the right policy for my car without any doubts or uncertainties.

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    D
    By Dheeraj Joshi
    On: September 6, 2023
  • Zero Depriciation, No Compromi...

    I appreciate how InsuranceDekho's Zero Depreciation Policy provides comprehensive coverage without compromises. The Kotak Car Insurance Policy truly considers the best interests of my Hyundai car.

    Read More

    S
    By Shyamali Chalam
    On: September 4, 2023
  • Prompt Assistance during Emerg...

    During a roadside emergency, InsuranceDekho's comprehensive coverage provides prompt assistance. The Kotak Car Insurance Policy ensured my Ford car was back on the road quickly.

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    R
    By Raavi Seth
    On: August 25, 2023
  • Efficient Renewal Follow-Ups

    InsuranceDekho's team followed up with me at every step of the renewal process for my Kotak Car Insurance Policy for my Nissan car, ensuring I didn't face any difficulties. Their efficiency is commendable.

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    A
    By Arjun Bhaskar
    On: August 23, 2023
  • Transparent Policy Terms

    InsuranceDekho's own damage Kotak Car Insurance Policy had transparent policy terms, with no hidden clauses or surprises. I knew exactly what was covered for my Nissan car, making it easier to manage any future claims.

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    J
    By Jay Prakash
    On: August 10, 2023
  • Renewed Policy Documents Insta...

    I was pleased to receive the renewed policy documents for my Kotak Car Insurance Policy from InsuranceDekho almost instantly after completing the renewal process. It saved me from any last-minute worries about my Mercedes-Benz coverage.

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    S
    By Sapna Tandon
    On: August 8, 2023
  • Professional and Skilled Mecha...

    I trust InsuranceDekho's cashless garages because they have skilled mechanics who know what they are doing. As I was insured with the Kotak Car Insurance Policy, my Skoda car was handled with care, and the results were excellent.

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    A
    By Abhishek Anand
    On: July 31, 2023
  • Transparent and Fair Claim Set...

    InsuranceDekho handled my claim for the Kotak Car Insurance Policy professionally and transparently. They kept me informed at every step and settled my claim fairly for my Mercedes-Benz. I appreciate their honesty and commitment to their customers.

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    By Niti Tyagi
    On: July 25, 2023
  • Hassle-Free Comprehensive Cove...

    InsuranceDekho's comprehensive policy offered a hassle-free experience. From purchasing the Kotak Car Insurance Policy for my Mitsubishi car to making claims, everything was smooth and convenient.

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    By Meher Dua
    On: July 21, 2023
  • Flexibility in Policy Period

    InsuranceDekho's third-party policy offered flexibility in the Kotak Car Insurance Policy period. I could choose the duration that suited my needs, ensuring continuous coverage for my Maruti car.

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    N
    By Neel Sen
    On: July 19, 2023
  • Great for Exploring Different ...

    InsuranceDekho's premium calculator is a great tool for exploring different coverage scenarios. I can adjust deductibles, add-ons, and other parameters to see how they impact the premium. It helps me make informed decisions about my coverage for the Kotak Car Insurance Policy for my Renault.

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    By Diyati Nagpal
    On: July 17, 2023
  • Smooth and Effortless Renewal

    InsuranceDekho made the renewal process of my Kotak Car Insurance Policy smooth and effortless. It saved me a lot of time and hassle. Glad to have renewed the policy from them for my MG car.

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    H
    By Hargun Chabra
    On: July 13, 2023
  • Expert Assistance throughout t...

    I received expert assistance from InsuranceDekho throughout the claims process of the Kotak Car Insurance Policy for my Toyota car. Their knowledgeable team guided me through the documentation requirements, providing the necessary support and advice.

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    By Karan Dangi
    On: July 11, 2023
  • Quick and Efficient Third Part...

    When I had an incident involving a third party, InsuranceDekho promptly settled the claim. I was so relieved to have secured my Skoda car the Kotak Car Insurance Policy. Their efficient claims settlement process ensured that the injured party received the necessary support and compensation.

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    By Monali Bendre
    On: July 7, 2023
  • Flexibility to Customize Cover...

    What I appreciate about my Kotak Car Insurance Policy's comprehensive coverage is the flexibility it provides to customize the coverage options. InsuranceDekho offers various add-ons and riders that allow me to tailor the policy to my specific needs. I have the freedom to enhance the coverage for my Ford car based on my requirements. This flexibility is a significant advantage of comprehensive coverage.

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    By Gaima Dhuni
    On: July 5, 2023
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    From minor scratches to major accidents, my Own Damage Kotak Car Insurance Policy from InsuranceDekho has been my safety net. Knowing that I am financially protected against any damage to my Chevrolet gives me peace of mind on every journey. This policy's comprehensive coverage ensures that I can drive confidently, focusing on the joy of the ride.

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    By Mocia Dabraal
    On: June 29, 2023
  • The premium calculator saves a...

    The premium calculator option at InsuranceDekho saved me a lot of time. I didn't have to call different insurance companies and get quotes. I was able to get all the information I needed from the calculator. And because of this I immediately took the decision of buying the Kotak Car Insurance Policy for my Mercedes-Benz. I would definitely recommend using this calculator for anyone who is shopping for car insurance.

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    By Mankia Jain
    On: June 27, 2023
  • Customer-Centric Approach

    Throughout the claim settlement process for my Kotak Car Insurance Policy for my Skoda car, InsuranceDekho demonstrated a customer-centric approach. They prioritized my satisfaction and ensured a satisfactory resolution. Their willingness to go the extra mile to assist and support me during a challenging time was highly appreciated.

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    By Aarav Chathopadhay
    On: June 23, 2023
  • Responsive and Professional Cu...

    Throughout my experience with InsuranceDekho, their customer service was exemplary. Whenever I had questions or needed assistance with the Kotak Car Insurance Policy for my Skoda car, their representatives were responsive and professional. They provided clear and detailed explanations regarding policy terms, coverage limitations, and claim procedures.

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    By Vridhi Chaudhary
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Kotak Reviews

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Kotak Zero Depreciation Cover FAQs

  • I have an imported Lamborghini. Can I avail the Zero Depreciation add-on cover?

    No. Imported cars and all such vehicles whose parts are not available in the Indian market are ineligible for the Kotak General zero depreciation insurance cover.

  • I have opted for the zero depreciation cover. Will I have to pay anything now during the claim settlement?

    The zero depreciation add-on cover only spares you from paying the depreciation cost of the replaced parts. However, the liability of compulsory deductible and voluntary deductible (if opted for) rests with the policyholder.

  • What is the premium for the zero depreciation add-on cover?

    The premium of the zero depreciation add-on cover depends on the Insured Declared Value (IDV) of your vehicle. It is directly proportional to the IDV, which means higher the IDV, higher the zero depreciation premium and vice versa.

  • How can I add the Zero Depreciation add-on cover to my car insurance policy?

    You can include the Zero Depreciation cover to your plan by visiting the website of Kotak car insurance or by contacting them at toll-free number 1800-266-4545.

  • Should I renew the zero depreciation cover while renewing my Kotak car insurance plan?

    Yes, you will have to renew your zero depreciation cover every time you renew your Kotak comprehensive car insurance policy provided it fulfils the conditions of Zero Depreciation cover at the time of renewal.

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