Shriram Zero Depreciation Add-on

The depreciation charges for the reduction in the value of bike with time is deducted from the claim amount. To avoid this deduction, the policyholders can opt for Zero Depreciation add-on cover along with a standalone own damage or a comprehensive policy. Shriram Zero Depreciation cover ensures that depreciation charges are not deducted from the claim amount at the time of claim settlement.

Shriram Zero Depreciation add-on enables the policyholders to receive maximum claim amount. Availing this cover, with a slight increase in premium, assures free of cost repair and replacement of the depreciable part of the insured’s bike.

Benefits of Shriram Zero Depreciation Cover

• Higher Claim: By opting for Zero Depreciation cover, the policyholders can enjoy maximum claim. As no depreciation charge gets deducted with the Zero Depreciation cover, the policyholders can claim the maximum assured sum from the insurance company.

• Helps in Saving Money: The Shriram Zero Depreciation add-on cover bears the expense of repairing and replacing of the depreciable parts of the insured’s bike. Thus, the policyholders can save money which is to be spent on repairing and replacing the depreciable bike parts.

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

Here are the factors which affect Shriram Zero Depreciation Cover and the add-on can be availed only by abiding the below mentioned conditions:

• It can be availed by bikes with a maximum age of 5 years.
• You can claim this cover only twice in the entire policy period.
• The repair and replacement due to common wear and tear are exclusions under this cover.
• No coverage is provided in cases of a total loss, mechanical and electrical breakdown of the bike.