Generali Central Zero Depreciation Bike Insurance

Generali Central Zero Depreciation Bike Insurance is an add-on cover that helps you get a higher claim amount during bike repairs. In Read More

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It helps lower your out-of-pocket repair expenses. This add-on can be taken with comprehensive or standalone own damage bike insurance and is ideal for new or high-value bikes.

Inclusions and Exclusions of Generali Central Zero Depreciation Bike Insurance

Inclusions and Exclusions of Generali Central Zero Depreciation Bike Insurance

  • Here are the inclusions of Generali Central Zero Depreciation Bike Insurance:InclusionsPays the full repair or replacement cost without applying depreciationCovers plastic, rubber, and fibre parts without reducing their valueCovers damage due to accidents, fire, theft, and natural disastersAllows cashless repairs at 3,500+ Generali Central network garagesReduces the amount you need to pay from your own pocket during claimsHere are the exclusions of Generali Central Zero Depreciation Bike Insurance:ExclusionsTotal loss or theft claims settled as per the Insured Declared Value (IDV)Damage caused while riding under the influence of alcohol or drugsRiding the bike without a valid driving licenceNormal wear and tear or mechanical and electrical breakdownTyres, tubes, nuts, bolts, and consumables, unless specifically coveredMandatory deductibles payable by the policyholder

  • Benefits of Generali Central Zero Depreciation Bike Insurance

  • Here are some of the key benefits of buying Generali Central Zero Depreciation Bike Insurance:Higher Claim Amount No depreciation deduction, so you receive a higher payout during repairsFull Cost Coverage for Parts Covers costly parts like plastic, rubber, and fibre at full valueLower out-of-pocket expenses Reduce the repair costs you pay after an accidentBetter protection for new bikes Ideal for new and high-value bikes with expensive spare partsStress-free repairs Makes claim settlement smoother and more predictableUseful in city traffic Helps cover frequent minor damages in busy traffic conditionsCost-effective add-on Offers strong financial protection at a small extra premium

  • Steps to Buy Generali Central Zero Depreciation Bike Insurance from Square Insurance

  • Here are the steps by which you can easily purchase Generali Central Zero Depreciation Bike Insurance:Step 1: Visit Square Insurance Go to the Square Insurance website and select the bike insurance option.Step 2: Enter Bike Details If you have a new bike, click on “Got a New Two-Wheeler.” If you have an existing bike, enter the registration number and click “View Plans.”Step 3: Fill in Bike Information Enter details such as your bike’s RTO, make, model, variant, and registration year.Step 4: Compare Insurance Plans Check the available comprehensive bike insurance plans and select Generali Central after comparing premiums and features.Step 5: Select Zero Depreciation Add-On In the add-ons section, choose Zero Depreciation. You may also add covers like engine protection or roadside assistance.Step 6: Check Eligibility Ensure your bike is eligible for zero depreciation cover. Usually, bikes up to 5 years old qualify.Step 7: Enter Details and Make Payment Fill in your personal, nominee, and vehicle details, then make the payment using UPI, debit/credit card, or net banking.Step 8: Get Your Policy After successful payment, your Generali Central Zero Depreciation Bike Insurance policy will be sent to your registered email.

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FAQs

It is an add-on cover that removes depreciation on bike parts during claims, helping you get a higher claim amount for repairs.

No, it is an optional add-on that can be purchased with comprehensive or standalone own-damage bike insurance.

Parts like plastic, rubber, and fibre are covered without any depreciation deduction.

No, in the case of total loss or theft, the claim is settled based on the Insured Declared Value (IDV).

It is ideal for new bike owners, high-value bikes, and riders who want to reduce repair expenses.

Yes, usually, bikes up to 5 years old are eligible for this add-on.

Yes, the premium increases slightly, but it helps save a lot during repair claims.

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