United India Zero Depreciation Bike Insurance Policy

A Zero Depreciation cover adds extra protection to your existing bike insurance policy. Usually, in case of theft or damage, Read More

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In most cases, that may convert to a big loss when making claims. With the help of zero depreciation cover, this loss can be avoided, where your bike's depreciation is not considered and you get a higher payout. Zero Depreciation Bike Insurance by United India Insurance Company Ltd. addresses the issue of loss in value for a bike as it grows older. While paying a claim, it takes into consideration the original purchase price of the bike and not the current, depreciated value. It covers damages to your own bike along with any liability to others, without reducing the payout for your bike's depreciation. This way, your full bike value is covered, and if anything goes wrong, you can claim back up to the full insured value of the bike.

United India Third Party Comprehensive Standalone Own Damage Zero Depreciation Claim Renewal Premium Calculator Policy Download Customer Care

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.

What is Not Covered Under United India Zero Depreciation Add-On?

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.