Universal Sompo Zero Depreciation Bike Insurance Add-On

The value of a bike goes down as it gets older. When you make a claim, the insurance company reduces the claim amount because of this Read More

Buy/Renew Bike Insurance

Premium coverage starts at ₹ 457*

Get Updates on WhatsApp

By clicking on 'View Plans', you agree to our Privacy Policy & Terms of use *Disclaimer

Hassle-Free Buying Process
24*7 Customer Support
Compare Different Plans Easily

With Universal Sompo Zero Depreciation cover, you can get a higher claim amount without worrying about depreciation. This add-on covers the full cost of repair or replacement for parts that usually lose value over time. These repairs can be done at Universal Sompo’s network garages across India.

Universal Sompo Third Party Comprehensive Standalone Own Damage Zero Depreciation Claim Renewal Policy Download Customer Care

Why Choose Universal Sompo Zero Depreciation Add-on?

This add-on gives extra benefits to your bike insurance:

Get Full Claim Amount
You do not lose money because of depreciation. The insurance pays the full cost to repair or replace damaged parts, even if your bike is old.
Save Your Money
Bike repairs can be costly. This add-on covers the full cost of parts, so you pay less from your own pocket.
Feel Stress-Free While Riding
You can ride your bike without worry. If an accident happens, repair costs are fully covered.

Depreciation Rate of Bike - Without and With Universal Sompo 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%
Fibre Glass 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.

Coverage Under Universal Sompo Zero Depreciation Bike Insurance

What Is Covered

Full cost of parts
The insurance pays the full cost to replace parts like plastic, rubber, nylon, and fiber parts. No money is cut for depreciation.
Full repair cost
All repair costs for bike parts damaged in an accident are covered.
Some cost for tyres and battery
The insurance pays part of the cost to replace tyres and the battery.

What Is Not Covered

Mechanical or electrical problems
Damage due to breakdowns is not covered.
Normal wear and tear
Damage from daily use over time is not covered.
Modified accessories
Extra accessories or changes not mentioned in your policy are not covered.

Top Bike Insurance Plans

Factors That Affect Universal Sompo Zero Depreciation Bike Insurance

Some things decide how this cover works:Bike age Only bikes within a certain age can get this cover.Claim limit There may be a limit on how many times you can make a claim.Type of damage This cover mainly works for accident damage, not damage from daily use.Total loss If your bike is fully damaged and cannot be repaired, this cover may not apply.