Universal Sompo Zero Depreciation Bike Insurance

What is Depreciation in Bike Insurance?

Depreciation is the natural decrease in your bike's value over time due to wear and tear. Typically, when you make a claim, bike insurance companies factor in this depreciation, reducing your payout. This means you end up paying a part of the repair costs from your own pocket.

Why Choose Universal Sompo's Zero Depreciation Add-on?

Here's how this add-on enhances your two wheeler insurance:

• Get the Maximum Claim Amount: Say goodbye to deductions for depreciation! With this add-on cover, you receive the full cost of replacing or repairing damaged parts, no matter how old your bike is.
• Reduce Your Financial Burden: Repairing a damaged bike can be expensive. This add-on covers the entire cost of parts, saving you from significant out-of-pocket expenses, especially for newer bikes with costly components.
• Ride with Peace of Mind: Knowing you are fully covered for repair costs gives you the confidence to enjoy your rides without worrying about unexpected financial burdens in case of an accident.

Depreciation Rates Applicable With and Without Zero Depreciation Bike Insurance Add-on

Here's a clear comparison of how depreciation rates apply with and without the Universal Sompo Zero Depreciation add-on:

The impact of depreciation varies for different bike parts. Here's how:

What are the Factors Influencing Universal Sompo Zero Deprecation Bike Insurance Policy?

Here are the several factors affecting Universal Sompo Zero Depreciation bike insurance policy:

• Bike's Age: There might be age restrictions for bikes to be eligible.
• Claim Limits: There could be a limit on the number of claims allowed.
• Damage Type: The add-on mainly covers accidental damages, not those from regular use.
• Total Loss: The cover may not apply if your bike is declared a total loss.