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Depreciation Rate of Bike - Without and With United India Zero Depreciation Add-On
| Age of Bike | Without Zero Depreciation add on | With 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% |
| Fibre Glass Parts | 30% | 0% |
| Glass Parts | Nil | 0% |
Benefits of United India Zero Depreciation Add-On
Here are some benefits that you can get after buying the United India zero depreciation add-on:With the help of a zero depreciation add-on, the bike owner will not be affected by the depreciation costs that normally reduce the claim amounts.The removal of the depreciation factor brings out the higher payouts to the policyholder.The policy covers some bike parts and accessories that are not covered under comprehensive plans.It saves money because it reduces the out-of-pocket expenses at the time of claim for the bike owner.
Limited Availability The cover is only available for certain types and models of bicycles.Claim Limits A maximum of only two Zero Depreciation claims can be made during the active policy period.Age Limit for Bikes This Zero Depreciation cover will be available for only those bikes which have less than two years of age.Exclusions This cover does not include normal damages or wear and tear caused other than accidents.
What is Not Covered Under United India Zero Depreciation Add-On?
Bike Insurance Plans By United India
