Zuno Zero Depreciation Add-on

With time, the value of your bike depreciates. A standard standalone own-damage bike insurance policy or comprehensive bike insurance covers your damages or losses but offers compensation after deducting depreciation from the claim amount at the time of bike insurance claim settlement. In simple terms, the Zuno zero depreciation add-on cover helps the policyholders to do away with the depreciation expenses incurred by their bike. It allows policyholders to receive the complete amount of claim in case of any damage for the replacement of parts of the insured bike or scooter. However, this add-on cover is not applicable to total loss, constructive total loss, or theft of the insured vehicle.

Benefits of Zuno Zero Depreciation Add-On Cover

You can avail the below-given benefits with zero depreciation add-on covers provided by the Zuno General Insurance:

• Maximum Claim Amount: With the zero depreciation add-on cover added to a standalone own-damage bike insurance policy or a comprehensive bike insurance policy, policyholders can claim the complete sum insured amount without facing any deduction for depreciation charge.
• Helps Save Money: The zero depreciation add-on cover is designed to protect your claim amount against depreciation. By paying an additional amount of premium, the policyholders can avail this benefit to get a complete claim amount. The depreciation amount which you get in a claim with this cover is generally more than the amount of premium to opt for zero depreciation add-on cover, which ultimately helps in saving money.

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

The Zuno zero depreciation add-on cover comes with several and huge benefits, but there are a few conditions that policyholders should keep in mind while availing this facility such as:

• This add-on cover is applicable only for a bike less than 7 years old
• The cover is applicable only for the first 2 claims during the policy period.
• The first 10% of the claim amount will be deducted if the bike is repaired at a non-network garage.