Zero Depreciation Bike Insurance

Zero depreciation bike insurance means that the insurer does not consider the bike's or the scooter's depreciation. Your bike's Insured Declared Value (IDV) is as good as a new vehicle. A zero depreciation bike insurance offers comprehensive insurance on the bike without considering the depreciation of the bike/scooter. If your vehicle gets damaged due to an unforeseen event like fire, theft, storm, earthquake, etc., you will get the repair amount without considering any bike depreciation. To sum it up, zero dep insurance for bikes ensures a better claim for the bike's damages and reduces your out-of-pocket expenses to a minimum.

Before we get to zero depreciation bike insurance, we should first understand what depreciation in bike insurance means. This depreciation means that the value of the parts on your bike is reducing with time. When you buy a new bike for, let's say, Rs 1 Lakh, the bike's value after two years might be Rs 70,000. But with a zero depreciation bike insurance cover, the bike's value will not reduce over time, and you will get the entire claim amount as if the bikes were new.