New India Zero Depreciation Bike Insurance

Inclusions and Exclusions of New India Zero Depreciation Bike Insurance

• InclusionsPays the full repair or replacement cost without depreciationCovers plastic, rubber, and fibre parts without value reductionCovers damage due to accidents, fire, theft, and natural disastersAllows cashless repairs at New India network garagesReduces the amount paid from your own pocket during claimsExclusionsTotal loss or theft claims settled as per Insured Declared Value (IDV)Damage caused while riding under the influence of alcohol or drugsRiding without a valid driving licenceNormal wear and tear or mechanical and electrical breakdownTyres, tubes, nuts, bolts, and consumables unless specifiedMandatory deductibles payable by the policyholder

Benefits of New India Zero Depreciation Bike Insurance

• Here are some of the benefits of New India Zero Depreciation Bike Insurance: Higher claim amount No depreciation is deducted, so you receive a higher payout during bike repairs.Full cost coverage for parts Expensive parts like plastic, rubber, and fibre are covered at their full value.Lower out-of-pocket expenses Reduce the amount you need to pay from your own pocket after an accident.Better protection for new bikes Ideal for new and high-value bikes with costly spare parts.Stress-free repairs Makes claim settlements smoother and repair costs more predictable.Useful in city traffic Helps cover frequent minor damages common in busy traffic conditions.Cost-effective add-on Offers strong financial protection at a small additional premium.

Steps to Buy Zero Depreciation Bike Insurance from Square Insurance

• Step 1: Visit Square Insurance Go to the Square Insurance website and choose the bike insurance option.Step 2: Enter Bike Details If it is a new bike, click on “Got a New Two-Wheeler.” If it is an existing bike, enter the registration number and click “View Plans.”Step 3: Fill in Bike Information Enter details like RTO, bike make, model, variant, and registration year.Step 4: Compare Insurance Plans Check the available comprehensive bike insurance plans. Compare premiums and coverage features.Step 5: Select Zero Depreciation Add-On In the add-ons section, choose Zero Depreciation. You can also add options like engine protection or roadside assistance.Step 6: Check Eligibility Make sure 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 personal, nominee, and vehicle details, then pay online using UPI, card, or net banking.Step 8: Get Your Policy After payment, your policy document will be sent to your email.