Depreciation Rider : Is it worth buying depreciation rider for an old car?

[Medhu]

I am owner of Maruti Wagon R - 2001 Model. I always buy comprehensive car insurance. Around four years back my car was badly damaged due to a road accident, but I had to shell out 60% of the amount from my pocket as depreciation charge, even when my car had comprehensive cover. This year, I am looking to buy a depreciation cover for my old love. Please suggest me if it's worth in buying depreciation rider for an old car.

Thanks a lot!

Medhu

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