Bajaj Allianz Zero Depreciation Bike Insurance

Understanding Depreciation in Two-Wheeler Insurance

Depreciation refers to the gradual reduction in the monetary value of an asset over time, influenced by factors like age and usage. In the insurance industry, the insurance company or insurer typically deducts a percentage for depreciation from the final claim payout amount, leaving you to pay a portion of the repair cost by yourself. With the help of Bajaj Allianz zero dep cover, you will get comprehensive protection by eliminating the role of depreciation and ensuring you receive the full sum insured. Hence, a zero dep cover plays an important role when added with your bike insurance policy at the time of purchase.

Key Benefits of Bajaj Allianz Zero Depreciation Add-On Cover

Here are the key benefits of Bajaj Allianz zero dep add-on cover:

• Maximum Claim Amount

  With Baja Allianz zero-dep bike insurance, you can claim the full insured amount without the impact of depreciation. This add-on is particularly beneficial when paying costly repair or replacement bills for damaged bike parts.

• Affordable Protection

  This add-on cover has an affordable bike insurance premium, and the benefits far outweigh the costs. Hence, opting for this add-on is a wise financial decision for bike owners.

• Reduces Out-of-Pocket Expenses

  The primary objective of this add-on is to reduce out-of-pocket expenses during the settlement of claims. After all, it minimizes the risk of a lower claim payout amount and gives you an extra layer of protection.

Depreciation Rates Applied Based on the Age of the Bike

Here is a breakdown of applicable depreciation rates based on the age of the vehicle with and without zero depreciation cover for bike:

Depreciation Rates Applied on the Different Parts of the Bike

Here is a breakdown of applicable depreciation rates applied on the different parts of the bike with and without zero depreciation cover:

Factors Affecting Bajaj Allianz Zero Depreciation Cover

Since Bajaj Allianz zero depreciation cover offers extensive benefits, there are a few pointers to keep in mind:

• It is available for bikes aged up to 2 years.
• Policyholders can claim this cover twice during the policy period.
• It excludes damages due to mechanical failures or normal wear & tear.
• It offers protection in case of the insured vehicle's total loss or partial loss.