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Add-Ons for Customization
Benefits of Zurich Kotak Zero Depreciation Bike Insurance Add-ons Cover
If you choose Zurich Kotak’s zero depreciation bike insurance or add it to your policy, here are some benefits you get:
- 01
You will get the full claim amount for your bike parts without any reduction for depreciation, whether your bike is new or old.
- 02
It covers various parts of the bike like mirrors, bumpers, headlights, and other accessories.
- 03
With a zero depreciation add-on, you will save money because you don’t have to pay extra during a claim.
- 04
This add-on or policy is available at a low cost for bike owners. But there may be some limits on the claim during the policy period.
Depreciation Rate of Bike - Without and With Zurich Kotak Zero Depreciation Add-Ons
| 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.
Bike Insurance Plans By Zurich Kotak
What Does Zurich Kotak Zero Depreciation Bike Insurance Cover and Not Cover?
What it Covers
It covers the damaged parts of your bike, like rubber, nylon, plastic, and fiberglass.
The policy pays the full cost for repairs or replacements after an accident.
It protects bike parts like bumpers, headlights, and mirrors, too.
What Does it not Cover
It does not cover damage caused by mechanical or electrical problems.
It does not cover normal wear and tear from using the bike over time.
Some parts, like tires, tubes, or fuel kits, are not covered unless you buy extra insurance for them.
It does not cover accidents caused when driving under the influence of alcohol or drugs.