Is Tyre Covered in Zero Depreciation Insurance?

Posted on: Jan 23, 2025 | 3 mins | Written by: HDFC ERGO Team

Is Tyre Covered in Zero Depreciation Insurance?

Zero depreciation in bike insurance has become a popular choice for two-wheeler owners looking to get maximum coverage without the deductions for wear and tear. While it offers extensive protection, there is often confusion about whether tyres are covered under this policy. This article will summarise the key details and answer the question: Is tyre covered in zero depreciation insurance?

What is Zero Depreciation Insurance?

Zero depreciation cover, also known as bumper-to-bumper cover, is a type of add-on that covers almost every part of your vehicle. With this rider added to your comprehensive bike insurance, no depreciation is deducted when you make a claim.

Normally, when you claim for a part of the two-wheeler, the insurance company will deduct a certain amount based on the depreciation of that part. However, a zero depreciation add-on eliminates this deduction, ensuring the claim amount is based on the full replacement cost of your vehicle parts without considering their age or condition.

Are Tyres Covered in Zero Depreciation Insurance?

When it comes to tyres, the situation is a little more complicated. Tyres are typically not covered under most zero depreciation insurance policies. Here's why:

• Tyres as Wear-and-Tear Items: Tyres degrade naturally with use, so they’re often excluded from zero depreciation coverage.

• Consumables Exclusion: Tyres, like oil, brake pads, and filters, are considered consumables with limited lifespans. While accidental damage might be partially covered, any payout will still factor in depreciation.

• Damage from External Factors: Some insurers may cover tyre damage from accidents under standard insurance policies rather than zero depreciation. However, the payout for such cases is generally reduced due to depreciation unless specified otherwise.

• Industry Standards: Generally, tyres aren’t covered by insurance policies because they’re not considered part of the vehicle’s main structure. Zero depreciation is meant for critical components, like the engine, gearbox, and body parts, while tyres, which degrade over time, are excluded.

What Happens if Your Tyres Are Damaged?

If your tyres are damaged due to an accident or unforeseen event, the claim depends on your insurance policy and its terms. If they are not covered by zero depreciation insurance, the following scenarios are possible:

1. Standard Coverage: In most cases, regular bike insurance (without the zero depreciation clause) will cover tyre damage caused by accident, but the depreciation value will be factored in. You will be reimbursed for replacing the tyre, but not at its full value.

2. Third-Party Insurance: If you have third party bike insurance, damages to your tyres will generally not be covered, as this policy only covers liabilities towards other vehicles or individuals involved in an accident with your two-wheeler. Tyre damage, therefore, would not be covered.

3. Add-on Coverage for Tyres: If you have purchased a specific add-on for tyre damage, you can claim to have the tyres replaced or repaired, and in many cases, the full cost would be reimbursed without depreciation.

Conclusion

While zero depreciation insurance offers extensive coverage, tyres are usually not included in this policy due to their consumable nature and natural wear and tear. However, you can explore additional add-ons to cover tyre damage due to accidents. Always check your insurance policy for specific terms related to tyres.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.

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