Royal Sundaram Zero Depreciation Bike Insurance Add On

Over time, a bike loses its value, just like any other item. This loss of value is called depreciation. Normally, when you make an Read More

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But with a Zero Depreciation add-on, you do not have to pay this deduction. The Royal Sundaram Zero Depreciation cover pays for the full repair or replacement of bike parts without reducing the amount for depreciation. This way, you get the full claim amount and do not lose money due to depreciation.

Royal Sundaram Third Party Comprehensive Standalone Own Damage Zero Depreciation Claim Renewal Policy Download Customer Care

Benefits of Royal Sundaram Zero Depreciation Add-On Cover

01
Allows you to get a higher claim
With Zero Depreciation cover, the insurance company does not reduce your claim for the bike’s loss in value. You get the full amount when your claim is settled.
02
It saves money on repairs
The policy pays for replacing old or worn-out bike parts. This helps you save money that you would otherwise spend on parts.
03
Gives better protection for your bike
Even small parts like headlights, tires, or brakes are covered. Your bike is fully protected during repairs.
04
Offers peace of mind
You don’t need to worry about losing money for depreciation. You can ride safely knowing your bike is fully covered.
05
It works with all accidents and damages
The add-on covers damage from accidents, fire, theft, or natural disasters. You get full support in almost all situations.

Depreciation Rate of Bike - Without and With Royal Sundaram Zero Depreciation Add-On

Age of Bike	Without the Zero Depreciation add-on	With the Zero Depreciation add-on
Under 6 months	Nil	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%

Depreciation Rates According to the Parts of the Bike

Parts of a Bike	Without Zero Depreciation	With Zero Depreciation
Rubber/Nylon/Plastic parts	50%	0%
Fibreglass Parts	30%	0%
Glass Parts	Nil	0%

Disclaimer: The given depreciation rates in the above tables are indicative. Check your policy document to get the exact terms and conditions.

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What Is Covered and Not Covered in Royal Sundaram Zero Depreciation Add-On Cover?

What it Covers

Parts coverage
Pays for damage to parts like nylon, rubber, plastic, and fiberglass.
Repair/Replacement costs
Fully pays for repairing or replacing damaged parts.
Battery and tyres
Partial damage to the battery and tyres is also covered without reducing the claim for depreciation.
Policy upgrade
You can add this cover when buying a new policy or renewing your old policy.

What Does it not Cover

Mechanical issues
Damage caused by mechanical or electrical problems is not covered.
Wear and tear
Normal aging or wear and tear of the bike is not covered.
Total loss
Complete damage or total loss of the bike is not covered under this add-on.
Uninsured items
Items like tyres, gas kits, or CNG kits are not covered if they are not included in your policy.

Disclaimer: Always check your policy documents to know the exact coverage.

Factors that Affect Royal Sundaram Zero Depreciation Cover

The Royal Sundaram Zero Depreciation cover is very useful, but you should remember these points:

Wear and tear is not covered
This insurance does not cover the normal wear and tear of your bike. Things like old tyres, brakes, or engine parts naturally getting old are not included.
Not for total loss
If your bike is completely damaged or stolen and cannot be repaired, this cover will not apply. The Zero Depreciation add-on only works for partial damage to your bike parts.
Bike age limit
Only bikes that are up to 2 years old can get this cover. Older bikes cannot use the Zero Depreciation benefit, so it is best for new bikes.
Claim limit
You can use the Zero Depreciation benefit only twice during the whole policy period. After two claims, any further repair or replacement will not be fully covered for depreciation.