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Add-Ons for Customization
Inclusions and Exclusions of Universal Sompo Zero Depreciation Car Insurance
What it Covers
This add-on helps reduce your repair costs by removing depreciation on many replaced parts during an approved claim. It usually includes:
Plastic components
Covers items such as bumpers, trims, and panels.
Glass and fibre parts
Windshields and fibre body sections are included.
Rubber parts
Items like seals, hoses, and similar components are covered.
Metal body panels
Cover metal parts of the car body without depreciation cuts.
Paintwork expenses
Includes repainting costs after accidental damage.
Higher claim settlement
Approved parts are settled without applying depreciation.
Lower out-of-pocket cost
You pay very little for part replacement during a valid claim.
What Does it not Cover
This add-on usually does not apply in certain situations, such as:
Engine damage from water or oil leakage
This is covered only if you also have an engine protection add-on.
Mechanical or electrical failure
Breakdowns not linked to an accident are excluded.
Normal wear and tear
Ageing of parts from regular use is not covered.
Illegal driving
Claims may be rejected if the driver has no licence or was driving under the influence.
Outside the covered area
Damage beyond the policy’s geographical limits is excluded.
Exceeding claim limits
Some policies allow only a limited number of zero-dep claims per year.
Older vehicles
Cars beyond the age limit set by the insurer may not be eligible.
Depreciation Based on Car Age With and Without Universal Sompo Zero Depreciation Add-On
| Age of the Car | Without Zero Depreciation | With Zero Depreciation |
|---|---|---|
| Less than 6 months | No deduction | 0% |
| 6 months to 1 year | Around 5% | 0% |
| 1 to 2 years | Around 10% | 0% |
| 2 to 3 years | Around 15% | 0% |
| 3 to 4 years | Around 25% | 0% |
| 4 to 5 years | Around 35% | 0% |
| 5 to 10 years | Around 40% | 0% |
| Above 10 years | Around 50% | 0% |
Depreciation Based on Car Parts With and Without Universal Sompo Zero Depreciation Add-On
| Car Part | Without Zero Depreciation | With Zero Depreciation |
|---|---|---|
| Rubber, nylon, and plastic items | Around 50% | 0% |
| Fibre glass components | Around 30% | 0% |
| Glass parts | No deduction | 0% |
Motor Insurance Plans By Universal Sompo
Factors That Influence Universal Sompo Zero Depreciation Cover
The Zero Depreciation add-on from Universal Sompo works best when certain conditions are met:Cars beyond a specified age limit may not be eligible for this add-on.
Imported vehicles, discontinued models, or cars with hard-to-find spare parts may not qualify.
The cost of this add-on depends on the car’s value (IDV), age, engine capacity, and model.
Claims can be affected if repairs are done without informing the insurer in advance.
This add-on is valid for one policy year and must be renewed along with your comprehensive plan.