Tata AIG Zero Depreciation Add-on

Tata AIG bike insurance offers the Zero Depreciation add-on cover along with the comprehensive and standalone own-damage bike insurance plans to its policyholders for maximum protection. With the Zero Depreciation cover added to the insurance policy, policyholders can avoid the depreciation charge.

Reduction in the value of any bikes occurs over time. The policyholders are liable for the reduction in value. Therefore, insurers deduct a pre-decided amount from the entire claim sum for the reduction in value. However, the Zero Depreciation cover allows the policyholders to avail the complete coverage without factoring in any depreciation. By opting for the Zero Depreciation cover along with the Tata AIG bike insurance policy, you can get maximum coverage in turn of paying a little extra premium.

Benefits of Tata AIG Zero Depreciation Add-On Cover

You can enjoy the following benefits with zero depreciation cover offered by Tata AIG General Insurance:

• Higher claim amount: No sum gets deducted as the depreciation charge which allows policyholders avail entire claim amount.
• Helps Save money: The Zero Depreciation add-on provides protection against depreciation and damages caused to the bikes. By paying a little extra for the premium, the policyholders save money by getting the entire amount of claim and do not have to pay for any damage. Thus, this add-on helps in saving money.

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

Despite the various advantages, the Tata AIG bike Zero Depreciation cover comes with a few conditions, which are mentioned below:

• This add-on is applicable for select makes and models
• Zero Depreciation claim can be made only twice during the policy tenure
• Insured bikes with the age of maximum 2 years can avail the Zero Depreciation cover
• Normal wear and tear, damage due to uninsured peril and mechanical breakdown are excluded from this cover.