Universal Sompo Zero Depreciation Add-on

Reduction in the value of any bikes occurs over time. The insurer takes this reduction into account as a depreciation factor at the time of claim settlement and deducts a depreciation charge from the claim amount. The policyholders can avoid the depreciation charge by opting for Zero Depreciation cover along with a standalone own damage or a comprehensive bike insurance policy. Universal Sompo Zero Depreciation cover enables the policyholder to claim the maximum amount irrespective of the depreciation charges.

Universal Sompo Zero Depreciation add-on provides the facility of free of cost repair and replacement of the depreciable parts of the insured’s bike at the network garages spread all over India.

Benefits of Universal Sompo Zero Depreciation Cover

• Avail maximum claim amount: With the Zero Depreciation cover added to the comprehensive or standalone own damage bike insurance policy, policyholders can claim the maximum assured sum without factorizing any depreciation charge.

• Helps save more money: The Universal Sompo Zero Depreciation add-on provides protection against depreciation and damages caused to the depreciable bike parts. The policyholders save up the expenses of the repair and replacement of the depreciable parts of the insured’s bike.

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

To avail the benefits of Universal Sompo Zero Depreciation cover, you need to abide by the conditions mentioned below:

• You can claim this cover only twice in the entire policy period
• The repair and replacement due to common wear and tear are not covered
• The Zero Depreciation cover can be availed by bikes with a maximum age of 5 years
• No coverage is provided in cases of a total loss, mechanical and electrical breakdown of the bike.