A zero-depreciation add-on can be an effective way to ensure that you receive the maximum claim amount without consideration of the depreciation.
With each passing year, the value of the electric vehicle decreases.
This is due to the depreciation that occurs along with routine wear and tear.
When you raise a claim under your electric commercial vehicle insurance policy, the amount you receive is calculated after deducting the depreciation.
A zero-depreciation add-on helps the policyholder claim the entire amount they may have incurred due to damage to their vehicle.