HDFC ERGO Zero Depreciation Bike Insurance

HDFC ERGO Zero Deprecation Eligibility Criteria

Here are some pointers that you have to keep in mind to avail benefits of HDFC ERGO zero dep cover for bike insurance- 

Benefits of Buying HDFC ERGO Zero Depreciation Policy

HDFC ERGO zero depreciation policy is a beneficial additional coverage that offers you multiple benefits-

1. Receive the Full Claim Amount

   When you opt for this add-on cover, no depreciation is applied while paying the claim amount and you will receive an entire claim amount.

2. Higher Compensation

   When you buy zero dep cover for bike, no depreciation shall be imposed on your claim amount; hence, it will help you get higher compensation than usual. 

*Note- For other benefits, you can check the policy wordings available in the official website of the HDFC ERGO General Insurance Company.

HDFC Zero Depreciation Bike Insurance vs Comprehensive Bike Insurance

Here is a table showing how depreciation is applicable on your two-wheeler with and without zero depreciation cover-

Inclusions of HDFC ERGO Zero-depreciation Bike Insurance Policy

With the HDFC ERGO bike insurance policy with zero-depreciation cover, the policyholders can avail of the following benefits-

• The repair and replacement cost of the damaged bike’s part shall be compensated to the insured at the time of claim settlement.
• Compensation for depreciation parts is offered for nylon, fiberglass, plastic parts, and rubber.
• The HDFC ERGO zero depreciation bike insurance policy covers the loss or damages caused to bikes due to several natural calamities and man-made disasters.

Exclusions of HDFC ERGO Zero-depreciation Bike Insurance Policy

The following instances remain uncovered under an HDFC ERGO zero-depreciation cover-

• Loss due to technical or mechanical breakdown.
• Total loss or damage of the two-wheeler.
• Loss or damages caused to the uninsured items of the two-wheeler like tyres, bi-fuel kits, and gas kits.

*Disclaimer: To understand the exact coverage under HDFC ERGO zero depreciation cover, kindly refer to the policy wordings available on the official website of HDFC ERGO General Insurance Company.

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