ZUNO Zero Depreciation Bike Insurance Policy

ZUNO (formerly Edelweiss) zero depreciation bike insurance policy permits the policyholder to claim the original value of their bike without any depreciation or deduction. The claim amount is decided as per the bike’s Insured Declared Value (IDV) that is finalized at the time of purchase or renewal.

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ZUNO Zero Depreciation Policy

ZUNO Zero Depreciation Bike Insurance Policy offers compensation without applying depreciation on its parts. Zero depreciation is an add-on cover that you can buy at a nominal premium with your comprehensive bike insurance policy.

ZUNO Zero Depreciation Policy Eligibility Criteria

A few conditions applicable to this add-on are as follows-

Criteria Specifications
Availability To bikes less than 7 years old
Claims Covered First 2 claims during the policy term
If repaired at a non-network garage 10% of the claim amount shall be deducted

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 that would be incurred on repair and replacing the damaged parts.

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

ZUNO Zero Depreciation Bike Insurance vs. Comprehensive Bike Insurance

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

Age of Bike Bike Insurance Policy Without Depreciation Cover Bike Insurance Policy With Depreciation Add-On Cover
Below 6 Months 0% 0%
6 Months to 1 Year 5% 0%
1 to 2 Years 10% 0%
2 to 3 Years 15% 0%
3 to 4 Years 25% 0%
4 to 5 Years 35% 0%
5 to 10 Years 40% 0%
More than 10 Years 50% 0%

Coverage under ZUNO Zero Depreciation Add-On Cover

The ZUNO zero depreciation is an add-on cover available in comprehensive two wheeler insurance, which covers the depreciation value of the vehicle’s parts. The insurance policy will bear the costs and pay out the claim amount in the event of-

  • Lightning or explosion
  • Burglary or theft
  • Riots and Strikes
  • Malicious Acts
  • Accidental External Affairs
  • Landslide/Rockslide
  • Terrorist Activity

The following table lists different parts of a bike along with the rate of depreciation that is applicable in percentage-

Part of the Bike Bike Insurance Policy Without Depreciation Cover Bike Insurance Policy With Depreciation Add-On Cover
Plastic/Nylon/Rubber Parts 50% 0%
Fiberglass 30% 0%
Glass Parts 0% 0%

FAQs

  • Q: Do I need to purchase the ZUNO zero depreciation add-on separately?

    Yes, the ZUNO zero depreciation is an add-on cover that you must buy with your comprehensive bike insurance policy.

  • Q: How does ZUNO zero depreciation add-on work?

    ZUNO zero depreciation is an add-on cover that helps in covering the entire claim cost without applying depreciation on different bike parts. It can be availed at the time of purchase and renewal by paying a nominal extra premium.

  • Q: What is excluded from ZUNO's zero depreciation policy?

    ZUNO bike insurance policy does not cover the following expenses-

    • Wear & tear, consequential loss, mechanical & electrical failure, or breakage caused to the insured bike.
    • Damage to the tubes and tyres of the two-wheeler unless the vehicle is also damaged. A 50% replacement cost of the same will be paid out to the insured.
    • If the driver was found to be driving under the influence of intoxicating substances and/or drugs.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 32 Reviews)

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ZUNO Zero Depreciation Bike Insurance Policy Reviews & Ratings

4.8 / 5 (Based on 32 Reviews)
(Showing Newest 10 reviews)
Ram
Thane, October 09, 2021
Add on cover
During the renewal of my edelweiss bike plan, I got a no claim bonus. i got a little discount on the premium rate so I decided to customize my plan. I have added additional features to the existing plan. it has enhanced the coverage and made my plan even more better.
Aman
Indore, October 09, 2021
Good deal
I have got so many benefits in edelweiss Two Wheeler Plan. In case of accidents, I can avail cashless repair services in their network garages. At first I was confused that from where to buy the bike plan, then I got a good deal on the website of Policybazaar.
Manya
Visakhapatnam, August 18, 2021
Services are good
One of my relative suggested me to buy two wheeler plan. recently have bought Edelweiss two wheeler policy from policy bazaar. it is way convenient to buy policy online and i got a great work. i really liked the service provided by the policy bazzar team.
Jaideep
Varanasi, June 04, 2021
Protection coverage
My two wheeler insurance plan has been providing a protection coverage to me and my bike since 2 years. I have a edelweiss two wheeler insurance policy. A best plan to take care of my bike.
Nitin
Amabala, June 04, 2021
Saves my time
Buying two wheeler insurance policy online is easy and also it saves the time. I checked various edelweiss two wheeler insurance plans online and have save the time by buying it online. It is one of the best plan I had.
Ram
Noida, June 04, 2021
Quick and hassle free services
I have recently bought the edelweiss two wheeler insurance policy from the website of the policybazaar. The plan is good and under my budget. Also, the facilities provided by the team is very nice.
Ekta
Dabhoda, July 03, 2020
Great plans
I searched for many plans in the website of policybazaar and all were good. But I found the best one of edelweiss with great benefits and low premium rate.
Samar
S.c. Pur, July 02, 2020
Good coverage
I searched on the website of policybazaar and found this good plan of edelweiss company for my bike insurance. The coverage provided by them is good and I am happy with it.
Amardeep
R.g.pur, July 01, 2020
Insurance for third party
I have taken the policy which is good for third party too. If by chance accident occurred then it will covered me my vehicle as well as the person with whom I have been met with an accident.
Waheeda
G.k. Bhatar, July 01, 2020
Reputation
The reputation of edelweiss company is very good. They provided with the best policy to me regarding the two wheeler policy. Thanks.

^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.

#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*Rs 457/- per annum (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis