Universal Sompo Zero Depreciation Add-on

Universal Sompo Car Insurance

95 reviews Rate This
  • First private-public joint venture company in India
    Check in your City
  • Ranked 5th in ICMR-BMF survey of top 15 non-life insurance companies
  • 24*7 responsive customer support
  • Instant and paperless policy renewal

Universal Sompo Zero Depreciation Add-on

Depreciation is the devaluation of a car’s market price due to wear and tear over time. It not only diminishes the market value of your car but also decreases the claim amount as the cost of depreciation of your car and its parts is borne by the you at the time of a claim settlement. However, if you opt for a zero depreciation add-on cover, the insurer becomes liable to compensate for the depreciation of replaced or modified parts.

Universal Sompo Zero Depreciation Add-on cover allows its policyholders to get higher or full claim amount without factoring in the depreciation charges applicable on the insured car and its parts.

Benefits Of Universal Sompo Zero Depreciation Insurance

Higher Claim Amounts: The zero depreciation add-on cover purchased along with the Universal Sompo comprehensive car insurance policy allows the insured policyholders to enjoy higher claim amounts. As by opting for this add-on cover policyholders get exempted from bearing the depreciation charges by shifting the liability to the insurer liable.

Availability of 2 Claims: Policyholders can file a maximum of 2 zero depreciation claims during the tenure of a comprehensive car insurance policy by opting for a nil depreciation add-on cover.

Zero Depreciation Cover vs Normal Insurance

Age of Car

Rate of Depreciation Without Zero Depreciation cover

Rate of Depreciation With Zero Depreciation cover

Under 6 months



6 months to 1 year



1-2 years



2-3 years



3-4 years



4-5 years



5-10 years



Above 10 years



Part of Car

Rate of Depreciation Without Zero Depreciation cover

Rate of Depreciation With Zero Depreciation cover

Paint work /Rubber/nylon/ plastic parts, tires and tubes, batteries and airbags parts



Fibre glass parts



Glass parts



Universal Sompo Zero Depreciation Add-on Cover Conditions

  • A maximum of 2 claims can be filed during the policy period.
  • It is not applicable in cases of theft, constructive total loss, total loss of the insured vehicle.
  • This cover is available only for cars aged up to 5 years..
  • The cover is applicable only if the damages sustained by the vehicle are repaired at a Universal Sompo authorized garage.

Universal Sompo Car Insurance User Reviews

95 reviews Write a Review
  • Easy renewal

    It was not only easy to buy Universal Sompo car insurance policy for my Toyota Fortuner car, but also to renew it. The team at InsuranceDekho helped m...

    Read More
    Naresh Gupta
    On: July 10, 2020 | Views
  • Quick services

    InsuranceDekho offered me quick and transparent services. When I purchased Universal Sompo car insurance policy for my Toyota Yaris from them, they ma...

    Read More
    Rohit Anand
    On: July 9, 2020 | Views
  • Easy to renew online

    I recently renewed my Universal Sompo car insurance policy that I purchased from InsuranceDekho for my Honda Accord car. The renewal process was very ...

    Read More
    Devesh Aggarwal
    On: July 3, 2020 | Views
  • Successful claim

    I recently made a claim under my Universal Sompo car insurance policy that I bought for my Toyota Yaris car from Insurancedekho. The team at Insurance...

    Read More
    Abhiram Awasthi
    On: July 2, 2020 | Views
  • Really helpful team

    I really appreciate the efforts of the team at InsuranceDekho that helped me purchase Universal Sompo car insurance for my Honda City car. They unders...

    Read More
    Namrata Makkar
    On: June 26, 2020 | Views

502 Universal Sompo Cashless Garages in India

Universal Sompo Zero Depreciation Cover FAQs

  • Can I choose the claim in which I want to use the zero depreciation cover?

    Yes, you can choose the claim in which you want to avail the benefit of the zero depreciation cover.
  • What is the premium of the zero depreciation add-on cover?

    The premium for the zero depreciation add-on cover is not fixed as it depends on certain factors like the age, model and IDV, etc of your vehicle.
  • How much will I have to bear during a claim settlement?

    You will only be required to pay the necessary deductibles and the liabilities on your part.
  • My car is 7 years old, is there any way I can avail a Zero-depreciation cover?

    Yes, however, the zero depreciation add-on benefits will be available to you only on a partial basis if your car in more than 5 years old. You will receive zero depreciation benefits only for Tyres/Tubes/Battery/Air bags/Fibre glass parts of the vehicle that are above 5 years of age and not above 7 years.

Contact Details

Latest Car Insurance News