What is a Depreciation Cover?
In case of a partial loss to your car, the insurer promises to cover the depreciation amount on the damaged parts which are allowed for replacement.

In other words - "A depreciation rider based on the age of the car and type of components can save a lot of money. If the car's metallic part is damaged within six months of purchase, then no depreciation is deducted. But if these are damaged after six months and before one year, then five per cent is deducted as depreciation. That is, only 95 per cent of the claim will be paid here.

Tata AIg 's Depreciation Reimbursement Cover
The Depreciation Reimbursement Cover offers full claim without any deduction for depreciation on the value of parts replaced. The cover is available for vehicles upto years old and operates for maximum claims during the policy period.