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Ways to smartly purchase zero depreciation bike insurance cover


Do you own a bike? 

Are you worried about spending on regular repairs? 

Read on to know more about how you can purchase the best zero depreciation bike insurance cover for yourself. 


Zero depreciation bike insurance

A zero depreciation bike insurance is an add-on on a motor insurance policy cover that can be claimed at the time of an accident of your bike.

Since it nullifies depreciation, it is termed as a zero depreciation bike insurance that acts as a bumper-to-bumper cover for bike costs. 


Tips for purchasing zero depreciation motor insurance for your bike?

Here are a few tips to consider before purchasing zero depreciation motor insurance for your bike smartly: 

1. Higher premiums

Zero-depreciation motor insurance ensures that your claim does not get depreciated while claiming the insurance, but, at the same time, it involves higher premiums.

2. Determine bike expenses

Your bike expenses decide what can be the best policy for coverage. If you purchase a high-end bike with expensive parts, getting a zero-depreciation cover might be a good decision.  

3. Cubic capacity

The premium rate aligns with the cubic capacity of the bike. Hence, knowing the cubic capacity can help choose the best zero depreciation motor insurance for your bike. 

4. Insurance Declared Value (IDV)

IDV is simply the bike’s current value. With the age of the bike, depreciation increases, and IDV decreases. Premiums decrease with an increase in depreciation. You may determine it’s IDV to apply for zero depreciation motor insurance.

5. Choose a reputed insurer

It is always recommended to compare across insurers with features, customer service, inclusions, and exclusions to choose the best insurer. 

6. Read online reviews

Read online reviews from verified customers regarding their experience with the insurer. Their feedback, complaints, and inspections can clear several confusions for you. 


Who can opt? 

The policy is better suited for new bike owners, drivers, luxury bike owners, and people living in accident-prone zones. 

The right motor insurance policy can null or part the costs for your bike! 

Also read :- Learn about the features of bike insurance policy and its coverage



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