Zero Depreciation Bike Insurance Vs Comprehensive

The indian motor tariff has made it compulsory for all motor vehicles bike car truck etc to have at least a third party insurance cover for your bike.

Zero depreciation bike insurance vs comprehensive. Comprehensive insurance zero depreciation 100 satisfaction zero depreciation is an add on cover in other words an added benefit that can be bought with comprehensive insurance basically zero depreciation is part of comprehensive motor insurance. Thus for a 5 lakh car add on premium for zero dep policy would be approx rs 4000 4500 or for a mid sedan priced at rs 10 lakh add on. Zero depreciation vs comprehensive car insurance. When we consider comprehensive vs zero depreciation insurance this article will help us understand the difference between both the terms and help us make the right choice while purchasing a bike insurance policy.

It can be opted with a comprehensive as well as a standalone own damage two wheeler insurance policy. Zero depreciation vs comprehensive insurance. Almost all the general insurance companies offer two wheeler insurance at different premium rates and with different advantages. When you buy a two wheeler you need to get insurance for it too.

Having a wide range of options to choose from can often lead to confusions. Here we are going to know about the difference between the comprehensive car insurance and the zero depreciation cover. Difference between the comprehensive policy and zero depreciation bike insurance. With zero depreciation policy getting popular in india the additional premium for add on zero dep policy is approx 8 to 9 of idv value of the vehicle.

February 16 2019 march 16 2020 sonia nagpal 27576 views 0 comment comprehensive and zero depreciation insurance comprehensive insurance zero depreciation insurance sanju a 28 year old area sales manager in an mnc company bought his dream car after years of saving and hard work. As you may already know your scooter or bike is a depreciating asset. What is zero depreciation bike insurance. Assuming the total cost of repair is rs 5000 including replacement of various bike components here is an example to show how the compensation will vary if you have a comprehensive 2 wheeler insurance policy or a zero depreciation bike insurance policy.

Let s explain the whole thing in detail to give you a better understanding. They are as follows comprehensive insurance policy will be covering the loss and damage of the vehicle caused by certain incidents such as accidents natural disaster and so on. A comprehensive bike insurance policy will cover the cost for damage incurred to the insured bike under own damage component and third party liability accidental death or disability to a person or damage to the property.