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Universal Sompo Car Insurance
- Universal Sompo Zero Depreciation Car Insurance
Universal Sompo Zero Depreciation Car Insurance
Universal Sompo zero depreciation cover is an additional protection that car owners can opt for while buying a comprehensive car insurance policy. This add-on by Universal Sompo General Insurance Company covers the depreciation value of the insured car and its parts, allowing vehicle owners to claim the full amount during claim settlements.
Benefits of Universal Sompo Zero Depreciation Car Insurance
A zero depreciation cover in a vehicle insurance policy, also known as nil dep add-on or bumper to bumper protection, lets policyholders claim the full cost of car repair or part replacement without any deductions for vehicle depreciation. Here are the benefits of purchasing Universal Sompo bumper to bumper add-on:
- Enhanced Protection: A zero dep add-on offers extended coverage to the insured vehicle, as policyholders can claim 100% coverage for all metal, rubber, and fibre parts of their car, ensuring higher claim amounts compared to a standard motor insurance policy.
- Nominal Premium: Vehicle owners can opt for the nil dep add-on cover along with their comprehensive car insurance by paying only a slightly higher premium.
- Minimal Upfront Expenses: Universal Sompo nil depreciation add-on significantly reduces out-of-pocket expenses of car owners by eliminating vehicle depreciation value.
How to Purchase Universal Sompo Zero Depreciation Add-on?
Here's a hassle-free process for buying Universal Sompo zero dep car insurance online:
- Visit the Policybazaar.com homepage and select "Car Insurance."
- Input your vehicle's registration number
- Select your car details like make and model, RTO, variant, etc.
- Now, fill out your contact information and proceed to view policy details.
- From various four-wheeler insurance plans listed, select Universal Sompo insurance.
- Now, under the "Add-ons" dropdown, choose 'Zero Depreciation' to view the updated policy price.
- You can securely pay your policy premium via cards, net banking, or UPI.
- After the successful payment, you will receive your car insurance documents in your registered email.
Universal Sompo Zero Depreciation Car Insurance Claim Process
To file a claim against your Universal Sompo zero dep insurance, you need to follow these steps:
- Contact your insurance provider to intimate the claim for the accidental damages caused to your vehicle.
- Upon claim registration, your insurer will assign a surveyor to inspect your vehicle and assess damage repair costs.
- After a successful vehicle inspection and verification of your documents, your vehicle will be sent to network garages for repairs.
- After repairs, your insurer will directly settle the claim with the garage.
- If repairs are done outside authorised garages, you will pay upfront for them, and your insurance company will reimburse you later.
Documents Required for a Universal Sompo Zero Depreciation Car Insurance Claim
You need to produce the following documents to your insurer while raising a claim under your nil dep car insurance:
- Claim form (properly filled and signed)
- Motor insurance policy of the insured vehicle
- Driving licence of the owner-driver
- Insured car's RC (registration certificate)
- Identity and address proofs of the owner-driver
- Copy of Police FIR/Punchanama/MLC report (if applicable)
- Estimates of repair
- Payment Receipt (for reimbursement claims)
- Repair bills
- Discharge cum Satisfaction Voucher
FAQs
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Q1. Is Universal Sompo car insurance add-on paid or free of cost?
Ans: Zero depreciation car insurance add-on is not free of cost. A policyholder can purchase them with a regular car insurance policy by paying a little higher amount. -
Q2. Who should buy Universal Sompo zero dep add-on?
Ans: A nil dep add-on is especially recommended for new or luxury car owners, new drivers, and those residing in accident-prone areas. -
Q3. Can I opt for a nil dep add-on with third-party vehicle insurance?
Ans: No. A zero dep add-on cover can only be purchased with comprehensive or standalone own-damage car insurance plans. -
Q4. What's not covered under Universal Sompo zero dep cover?
Ans: A Universal Sompo nil dep add-on doesn't offer coverage in the following situations:
- Regular wear and tear and mechanical or electrical failures
- Damages to insured car due to war-like situations or nuclear perils
- Driving without a valid driving licence or under the influence of drugs/alcohol
- Damages to tyres/tubes or the engine of the insured vehicle
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
Expand
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.