Royal Sundaram Zero Depreciation Bike Insurance

Bike values depreciate with time, just like any other item. Depreciation is the term for this decrease in value. At the time of claim settlement, the insurance providers account for this loss and deduct the depreciation fee from the claim amount. A normal comprehensive or standalone own-damage plan does not cover the depreciation fee by default; however, a zero depreciation cover helps eliminate this penalty. The Royal Sundaram zero depreciation bike insurance add-on cover eliminates the depreciation charge for policyholders.

How does Royal Sundaram Two Wheeler Insurance Zero Depreciation Cover Work?

When it comes to bike insurance, zero depreciation means that the insurance company will cover the depreciation of the bike parts when settling the claim. Royal Sundaram zero depreciation two-wheeler insurance provides comprehensive coverage without taking into account their depreciation value. If your bike is injured in a traffic accident, for example, your insurance company will cover all damages or losses incurred during claim settlement. As a result, zero depreciation bike insurance provides a higher claim amount for incurred damage while also saving you money.

Benefits of Royal Sundaram Two Wheeler Insurance Zero Depreciation Add-on Cover

With the addition of Royal Sundaram zero dep bike insurance to the comprehensive coverage, the insurer does not deduct any money from the claim amount for depreciation. As a result, policyholders can claim the whole amount at the time of claim settlement.

Helps policyholders save money: Because the replacement of depreciated bike parts is covered under the zero depreciation of Royal Sundaram two-wheeler insurance policies, policyholders can save money on bike parts replacement.

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

What is Included Under a Royal Sundaram Two Wheeler Insurance Policy with Zero Depreciation Cover?

Royal Sundaram zero depreciation two-wheeler insurance covers the following aspects:

• Depreciable parts of the two-wheeler, such as rubber, fiberglass, plastic, and nylon, are compensated.
• During the claim settlement process, compensation is granted for the repairs and replacements of the two parts. 
• During both, purchase and renewal, a zero depreciation add-on cover is available.

What is not Included Under a Royal Sundaram Two Wheeler Insurance Policy with Zero Depreciation Cover?

Royal Sundaram zero depreciation two wheeler insurance does not cover the following conditions:

• Damage or loss caused by an uninsured risk or danger.
• Wear and tear on insured automobiles regularly.
• Mechanical failure causes damage or loss.
• Items not covered by insurance, such as tyres, bi-fuel kits, and gas kits, are lost or damaged.
• The majority of zero depreciation add-on insurance in the industry lasts around a year, and the policyholder must renew it annually to continue receiving the advantages. If you don't already have a zero depreciation add-on cover, you can get one when you buy your two-wheeler insurance or when you renew your policy.

Factors Affecting Royal Sundaram Two Wheeler Insurance Zero Depreciation Cover

The Royal Sundaram zero depreciation two-wheeler insurance cover is very useful; however, policyholders should be aware of the following conditions:

• This cover does not cover normal wear and tear of the bike.
• In the event of total loss or damage, this add-on is not applicable.
• The zero depreciation cover is available for bikes up to 5 years of age.
• Policyholders are only allowed to claim the zero depreciation benefit twice during their policy's lifetime.