Starting at only ₹1.5 per Day*

Starting at only ₹1.5 per Day*
Your bike's value depreciates with time. A normal standalone own-damage or comprehensive bike insurance policy covers your damages or losses, but only after withholding the depreciation amount from the claim amount at the time of claim settlement for bike insurance. The Edelweiss zero depreciation bike insurance add-on cover assists policyholders in avoiding depreciation costs associated with their bike. It enables bike insurance policyholders to recover the full value of their claim in the event of any damage to the insured bike or scooter's parts. However, this add-on cover does not include total loss, constructive total loss, and theft of the insured vehicle.
The Edelweiss zero depreciation bike insurance add-on covers the entire claim cost, including depreciation on the bike parts. It is accessible at the time of purchase and renewal for a small additional fee. The bike's Insured Declared Value (IDV), set at the time of purchase or renewal, determines the claim amount.
With Edelweiss 0 dep bike insurance add-on cover, you can get the following benefits:
Bike Age | Depreciation Rate with Zero Depreciation Cover | Depreciation Rate without Zero Depreciation Cover |
0-6 months | 0% | Nil |
6 months-1 year | 0% | 5% |
1-2 years | 0% | 10% |
2-3 years | 0% | 15% |
3-4 years | 0% | 25% |
4-5 years | 0% | 35% |
5-10 years | 0% | 40% |
Above 10 years | 0% | 50% |
Bike Parts | Depreciation Rate with Zero Depreciation Cover | Depreciation Rate without Zero Depreciation Cover |
Rubber/ Nylon/ Plastic Parts | 0% | 50% |
Fiberglass Parts | 0% | 30% |
Glass Parts | 0% | Nil |
Here are some examples of aspects covered by zero depreciation add-on of Edelweiss two-wheeler insurance policy:
Following are some significant situations not covered by Edelweiss' zero dep two-wheeler insurance policies:
The Edelweiss zero depreciation bike insurance add-on cover comes with a slew of benefits, but policyholders should be aware of a few requirements before taking advantage of it, including:
The following is the method for purchasing Edelweiss zero depreciation two-wheeler insurance policy:
Many clients trust Edelweiss because of their insurance coverage. Customers appreciate the company's two-wheeler strategy. The plans are inexpensive, and filing a claim is very simple. You may buy or renew your coverage online in just a few simple steps. The protection is extensive, and the price is reasonable. As a result, Edelweiss may become your preferred insurance provider.
In a typical vehicle insurance policy, the claim amount is based on the bike's depreciated value. There is a full claim settlement with 0% depreciation. This means you'll have full coverage for your bike parts, regardless of their depreciation value.
If you have a new automobile or are going to buy one, this coverage is recommended because it will help you keep your bike's original worth for a long period. In addition, in the event of an accident, the insurance company will cover the costs of the vehicle.
Age, bike type and model, and registration location are all factors that influence the premium.
You can only get a zero depreciation policy if you have comprehensive or standalone own-damage coverage.
The zero depreciation add-on cover permits the policyholder to collect the bike's original value without depreciation deductions. The amount is determined by the Insured Declared Value (IDV), which is determined when the policy is purchased or renewed.
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