Is it Possible to Get Zero Depreciation Beyond 5 Years with Bike Insurance?

When it comes to protecting your two-wheeler, zero depreciation bike insurance stands out as a popular add-on. It ensures that you receive the full claim amount without any deduction for depreciation on bike parts, which is especially beneficial during repairs. 

However, a common limitation is that most insurers only offer this cover for bikes up to five years old. This raises an important question: Can you get zero depreciation cover beyond five years with bike insurance? In this article, we will answer that question in detail and explore how zero dep works, its benefits, exclusions, and alternatives for older bikes.

Also known as Zero Dep, it is an add-on available with comprehensive bike insurance.  Zero Depreciation is also known as nil depreciation cover or bumper-to-bumper cover.

For instance, person A has zero depreciation add-on, and person B only has comprehensive bike insurance.

If both of them get in an accident, and the repair bill for Person A and B comes out to Rs. 30,000. Then the insurer will settle the claim for person B after subtracting the depreciation amount, and they will only get Rs. 15,000. For person A, the depreciation amount will not be subtracted while making a claim. Thus, their insurance settlement amount will be Rs. 25,000.

Please note that these values are just taken for example purposes.

It is generally challenging to get zero depreciation bike insurance beyond 5 years in India. Most insurers offer this add-on for bikes up to 5 years old. This is because as bikes age, their parts naturally depreciate significantly, making it more expensive for insurers to cover the full cost of repairs without factoring in depreciation.

While some insurers might offer exceptions for certain high-end models or on a case-by-case basis, it is not a standard offering. If your bike is older than 5 years, you might need to explore other add-ons like engine protection or roadside assistance, or negotiate with your insurer to see if any tailored solutions are available. However, expect a higher premium for any extended coverage on an older bike.

The benefits of zero dep cover are as follows:

Certain aspects are not covered in zero dep cover for a bike. The exclusions are as follows:

Factors to keep in mind before choosing zero depreciation cover are as follows:

While zero dep add-on for bikes beyond five years is not widely offered, it is not entirely impossible to get. Some insurers extend this option under specific conditions. So, if you want to keep your bike protected as it ages, you will need to ask your insurer directly. After all, a little effort now can save you a lot later when it’s time to make a claim.