Okay, my swift, brand new was fully insured right. As soon as I stepped out of showroom, it had depreciated 5%. So, any part that was replaced, I had to pay 5% from my pocket.
Now, after 6 months, it has depreciated 10%.
If your vitz was 2010 model and you insured it this year, it would have had depreciated 40%. 10% for each year.
Please, ask your father that and clarify