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- SBI Zero Depreciation Car Insurance
SBI Zero Depreciation Car Insurance
SBI zero depreciation car insurance is a valuable cover to reduce your expenses in the event of accidental damages sustained by your car. This add-on, offered by SBI General Insurance Company Limited alongside their comprehensive car insurance policy, ensures hassle-free vehicle repairs or parts replacement without depreciation costs.
Benefits of SBI Zero Depreciation Car Insurance
A standard car insurance policy considers the depreciation costs of your vehicle and deducts them during claim settlement. To avoid this, you can opt for an SBI depreciation reimbursement or zero depreciation add-on while buying your regular policy. Here are some benefits you will avail:
- Enhanced Protection: With the SBI nil dep add-on, you get exhaustive coverage of several car parts without any depreciation in the event your car is involved in an unforeseen accident.
- Effortless Claims: The claim process for SBI General zero depreciation car insurance is smooth and efficient. The company handles claims quickly and provides timely settlements.
- Reduced Expenditures: In comparison with a comprehensive car insurance policy, with the SBI zero depreciation car insurance add-on, you can claim the entire amount of your vehicle repair (on applicable parts) , resulting in minimum expenses during vehicle repair.
How to Buy SBI General Zero Depreciation Add-on Cover?
It is an easy and quick process to buy car insurance online with a nil depreciation add-on. Here are the steps to do so:
- Select 'Car Insurance' on the homepage of Policybazaar.com.
- Input your car's registration number on the given form and select its make, model, variant, registration year, etc.
- Now, from the list of different motor insurance plans, choose SBI car insurance.
- Under the 'Add-ons' section, add the 'Zero Depreciation cover'.
- Now, you will see the updated premium of your four-wheeler insurance.
- You can pay the premium online through debit/credit cards, net banking, or UPI.
- After successful payment, you will instantly receive your policy documents in your registered email.
SBI Zero Depreciation Car Insurance Claim Process
You can quickly register a claim against your SBI zero dep car insurance by following these steps:
- The first step is to get in touch with the insurer and provide information about the accident and damages caused to your vehicle.
- Your insurer will then appoint a surveyor to inspect the vehicle and estimate the damage repair costs.
- You need to submit the required documents to the surveyor for claim verification.
- After inspection, your vehicle will be sent for service insurer's authorised network garages.
- After repairs, your insurance company will settle the claim with the garage by paying the entire amount without deducting depreciation costs.
Documents Required for a SBI General Zero Depreciation Car Insurance Claim
Listed below are the documents you need to file a claim against your zero dep motor insurance policy:
- Registration certificate of the insured car
- Pan Card/Form 60 of the policyholder
- Driving licence of the owner/drive
- Copy of your vehicle insurance policy
- Duly filled and signed claim form
- Estimate of repairs
- Original repair bills
- Police FIR(if applicable)
- Cancelled cheque (if there's reimbursement settlement)
FAQs
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Q1. What is covered in the SBI zero depreciation car insurance?
Ans: SBI zero dep add-on, offers 100% coverage to all the metal, rubber and fibre parts of the insured vehicle without any deductions on vehicle depreciation. -
Q2. Which factors affect the zero depreciation car insurance policy premium?
Ans: The premium for nil depreciation vehicle insurance is based on the vehicle's age, make/model, IDV (Insured Declared Value), and the location where you reside. -
Q3. How to get a quote on SBI car insurance with a zero-dep add-on?
Ans: Simply visit Policybazaar.com and go to the ‘Car insurance’ section. Once you input your car number and its details, you will get quotes on a zero dep car insurance policy. -
Q4. If my car's tyres and tubes get damaged in an accident, will SBI General zero dep car insurance cover that?
Ans: If, in an unfortunate accident, your insured vehicle's tyres or tubes sustain damage, SBI General Insurance Company will only cover 50% of the replacement costs. However, you can opt for a 'Tyre Protect' add-on while buying your four-wheeler insurance to claim 100% amount for tyre/tube replacement.
Car zero Depreciation Insurers
Bajaj Allianz Zero Depreciation Car Insurance
Chola MS Zero Depreciation Car Insurance
Digit Zero Depreciation Car Insurance
Future Generali Zero Depreciation Car Insurance
HDFC Ergo Zero Depreciation Car Insurance
ICICI Lombard Zero Depreciation Car Insurance
IFFCO Tokio Zero Depreciation Car Insurance
Liberty Zero Depreciation Car Insurance
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Car insurance companies
Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
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*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.