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You can Buy Insurance Policy From
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MaxBupa
Star
Royal Sundaram
Universal Sompo
Aditya Birla
Edelweiss
New India
Reliance
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Bajaj Allianz
Liberty
IFFCO Tokio
ManipalCigna
ICICI Lombard
Future Generali
Bharti AXA
HDFC
ERGO
SBI
National
Cholamandalam MS
Oriental
United India
Magma
HDI
DigitAcko etc
 
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What Does Depreciation Mean?
 
Depreciation is a natural phenomenon that reduces the value of an asset over time. Just like every other asset, the value of a two-wheeler also diminishes with time. By default, the responsibility to bear the depreciation cost amount rests with the owner and not the bike insurance company.
Therefore, at the time of claim settlement, the insurer deducts the cost of depreciation incurred by the insured’s two-wheeler from the claim amount. This makes the policyholder get a lesser amount of compensation from the insurer. However, a policyholder can shift the burden of bearing the cost of depreciation from himself/herself to the insurance company with the help of a zero depreciation cover.
What is Zero Depreciation Bike Insurance Cover?
A zero dep two wheeler Insurance, also known as nil depreciation and bumper-to-bumper cover, is a popular two-wheeler insurance add-on cover. It can opt with a comprehensive as well as a standalone own-damage two-wheeler insurance policy. It provides 100% depreciation coverage for all the parts of your two-wheeler except tyres, tubes and batteries which are covered at 50%. Most Insurance companies allow 2 zero depreciation claims during the tenure of a policy, however, there are some exceptions like IFFCO Tokio General Insurance, Royal Sundaram General Insurance Company, New India Assurance Company which allow the unlimited number of zero depreciation claims during the tenure of a policy.
Zero Depreciation Bike Insurance Cover should ideally be opted by the following:
New drivers
New two-wheeler owners
People living in accident-prone areas
People who have luxury two-wheeler which has expensive parts.