ZUNO Zero Depreciation Bike Insurance

Understanding Depreciation in Bike Insurance

In insurance, depreciation refers to the reduction in the value of an asset over time due to age & usage. In a basic bike insurance policy, the claim payout is based on the applicable depreciation rate of the damaged parts. However, with zero depreciation cover, you will receive the full payout amount and financial protection from depreciation incurred.

Benefits of Zuno Zero Depreciation Add-On Cover

Here are the key benefits of buying Zuno zero depreciation add-on cover:

• It helps in receiving the full amount of the bike parts without considering the effect of depreciation.
• It gives comprehensive coverage for the bike's accessories, such as bumpers, headlights, etc., which are usually excluded from standard policies.
• It helps in reducing the out-of-pocket expenses during the settlement of the claim.
• This add-on cover is an affordable premium rate and is considered the most important optional cover for bike owners.

Depreciation Rates Based on the Age of the Bike

The following table lists the applicable depreciating rate for a comprehensive bike insurance policy and zero depreciation bike insurance policy:

Depreciation Rates Based on the Age of the Bike

The following table lists the applicable depreciating rate for a comprehensive bike insurance policy and zero depreciation bike insurance policy:

Benefits of ZUNO Zero Depreciation Bike Insurance Policy

The benefits of ZUNO's zero depreciation policy are as follows:

• Full Claim Amount- The claim amount is reimbursed without factoring in the depreciation value of the bike's parts at the time of claim.
• Save Out-of-the-Pocket Expenses- ZUNO zero depreciation policy saves your out-of-the-pocket expenses incurred on repairing and replacing the damaged parts.

You can check several other benefits from the insurer's policy wording, available on their official website.