Seth Godwin is a personal finance content creator who launches a ton of clips about cars since they influence such a large ...

Depreciation is the loss in a car’s value from the moment you drive it off the lot. New cars typically lose 20-30% of their value in the first year alone, and by the time they’re five years ...

The reputation or the goodwill of the automaker plays an important role in determining the depreciation rate. Reputed brands are known for quality, reliability, and high performance which slows the ...

The IDV is important because it's the highest amount an insurer will pay for a claim. It gets lower as the age increases: 5% ...

Zurich Kotak General Insurance emphasizes the importance of depreciation cover for car owners. This add-on feature enhances claim payouts by ignoring depreciation values during parts replacement.

Car insurance policies often focus on essential coverage like third-party liability and own damage insurance. However, an ...

Cars tend to depreciate quickly ... depreciate a rental property over 27.5 years. The depreciation rate varies by model, but typically a new vehicle loses 20% of its value in the first year ...

Zurich Kotak General Insurance, provides insight on why car owners should go for a depreciation cover in car insurance. Many ...