Acko Zero Depreciation Add-on

The value of bikes reduces over time due to normal wear and tear. Taking the reduction in value into account, the insurer deducts a depreciation charge from the entire claim amount at the time of claim settlement. The Zero Depreciation add-on prevents the insurer from charging any depreciation cost. The Acko comprehensive bike insurance policy offers Zero Depreciation to the policyholders for maximum coverage.

With the Zero Depreciation cover added to the comprehensive bike insurance policy, the policyholders can avoid the depreciation expense. The cover also provides for repairing and replacing the parts of the insured bike.

Benefits of Acko Zero Depreciation Add-On Cover

• Higher claim: With the Zero Depreciation add-on included in the comprehensive bike insurance policy, no depreciation charge gets deducted from the claim money. It allows the policyholders to enjoy the maximum claim amount without facing any loss.

• Helps saves money: By paying a little extra premium for the Zero Depreciation add-on, the policyholder can get the maximum overage. With this add-on, the insurer will bear the expense of repairing and replacing the depreciated parts of the insured bike.

Depreciation Rate Applicable on Bike With And Without Zero Depreciation Add-on

Policyholders enjoy multiple benefits with the Acko Zero Depreciation cover; however, the following conditions should be kept in mind:

• It is available for bikes with a maximum age of 2 years
• Policyholders can make only two claims in the entire policy tenure
• Repair and replacement due to common wear and tear does not get covered
• Cases of complete damage, mechanical and electrical breakdown are exclusions.