Zero Depreciation Bike Insurance

IL TakeCare app – For all your insurance & wellness needs

Policy purchase, claims, renewal & more

Call Back

Got questions? Let's talk! Share your contact details and we'll give you a call.

Full Name^* Please enter the full name

Mobile no.^* Please enter valid mobile number

Select products^* Please select the product

Submit

Thank You for your interest in our product.

Thank You for your interest in our product. We'll get in touch with you shortly to answer your queries.
Live Chat

Bike damage is frustrating. The repair bill that follows can be worse. What catches many riders off guard is this: even after a claim, you may still pay a part of the bill yourself. That is because depreciation is deducted from the value of parts during claim settlement. This is where zero depreciation cover makes a difference.

What is Zero Depreciation Cover?

Say your bike takes a hit and you file a claim. You expect your two-wheeler insurance to handle it. But the payout is lower than the repair bill because the insurer has already applied depreciation to your bike parts before settling the amount. Zero depreciation is an add-on that steps in to help cut or completely remove that deduction on covered parts, as per the policy terms. So when your bike is damaged in an accident or another covered event, this cover helps you receive a higher claim amount and keeps your out-of-pocket costs much smaller.

Simply put, zero depreciation insurance means fewer deductions and more meaningful claims.

What is Depreciation in Bike Insurance?

A lot of bike owners assume that damaged parts equal full replacement cost. That is a reasonable assumption, but not always how it works in practice. Bike parts lose value over time due to usage, ageing, and regular wear and tear. That gradual drop in value is what is referred to as depreciation in bike insurance.

When you file a claim under a standard policy, the insurer factors in this reduced value before deciding the payout. So even if your repair bill is significant, the settlement amount can end up being noticeably lower. The remaining cost? That comes from your pocket. That is why depreciation matters so much at claim time, and why having zero depreciation cover can make a real difference when you need to file a claim.

Benefits of zero depreciation bike insurance

The benefits of zero depreciation add-on are:

Full claim amount

You get the full cost of repairs or replacement parts without any deduction for depreciation. That means less out-of-pocket expenses when you make a claim.

Peace of mind

With zero depreciation bike insurance, you don’t have to worry about how much the insurer will deduct during a claim. You know you’ll get full coverage for your bike’s parts.

Save significantly

If you own an expensive bike, replacing damaged parts can be quite steep. A zero dep insurance for bike can help you save significantly.

What is covered in zero depreciation insurance for bike?

Inclusions
Exclusions

Zero depreciation bike insurance include coverage for parts replaced due to damage to the bike or its accessories caused by fire, explosion, riots, strike, etc. To know the inclusions in detail, go through the policy wordings.

There are certain instances when you will not get the benefits of zero depreciation add-on. These include:

Minor scratches to the vehicle, paint fading, wear and tear arising out of normal use
Events resulting in total loss
Claims made above the capped limit, if opted for, in the policy period

Standard bike insurance vs bike insurance with Zero depreciation add-on

Though a standard bike insurance and bike insurance with zero depreciation add-on may look the same, in reality it’s not. There are considerable differences between them (see table):

Feature	Standard bike insurance	Bike insurance with Zero depreciation add-on
Coverage for depreciation	Deducts depreciation during claim settlement	No depreciation deducted; full cost of parts is covered
Claim amount	Lower due to depreciation cuts	Higher, as full replacement cost is reimbursed
Premium	Premium is on the lower side	You need to pay an additional premium to avail zero depreciation add-on
Available as	Standard bike insurance is a standalone policy	Zero depreciation bike insurance is available as an add-on
Cap on the number of claims allowed	Depends on the policy’s terms and conditions	You can make unlimited number of claims or choose to limit the number of claims

Things to consider before buying a zero depreciation add-on.

Before opting for zero dep add-on, you need to consider certain things. These include:

1

Add-on cost vs benefits

Evaluate the cost of this add-on against the benefits it offers. If your bike has expensive parts, it’s worth having it.

2

Inclusions and exclusions

Read the policy wordings carefully to know the inclusions and exclusions of the zero depreciation add-on. This is essential to avoid disputes.

3

Frequency of claims

Check if you’ve unlimited options to make a claim or have any cap on the number of claims. The greater the flexibility, the better it is.

How to buy zero depreciation add-on cover for your bike?

To buy a zero depreciation add-on cover for your bike:

Visit our website here.
Click on ‘Bike Insurance’ under ‘Motor Insurance’
Enter your bike’s registration number and click on ‘Get Quote’
Follow the instructions appearing on the page, choose your policy, opt for zero depreciation add-on and pay the premium

Two wheeler insurance blog articles

Bike Insurance In Delhi: Essential Guide

This blog covers the importance of bike insurance in Delhi. It highlights everyday riding challenges, benefits of third-party and comprehensive policies, add-on options, and how to purchase or renew insurance digitally.

21 Aug 2025

Harley-Davidson X440: Price, Specifications & Features

Harley-Davidson X440 offers premium features at an affordable price. With three variants, powerful specs and advanced insurance options, it's a smart pick for city rides and longer trips.

21 Aug 2025

Insurance In Chennai: Essential Guide

The article guides Chennai-based bike owners on selecting the right insurance policy. It covers the need for insurance, problems riders face, suitable policy types, important add-ons, and the process to buy a policy online.

20 Aug 2025

Frequently asked questions

Is it good to have zero depreciation bike insurance add-on?

Yes, having a zero depreciation add-on for your two wheeler insurance is highly beneficial, especially if your bike is new and expensive. This add-on ensures that you receive the full claim amount without any deduction for the depreciation of parts like plastic, rubber and fibre components during repairs.

How many times can I claim from zero dep bike insurance add-on?

It depends on the insurer and the policy’s terms and conditions. You can make unlimited claims, or there could be a cap on the number of claims made during the policy period.

Is zero depreciation bike insurance available for older bikes?

Zero depreciation insurance for bike add-on may not be available for older bikes. Check with the insurer if it’s offered or not.

Will zero depreciation bike insurance add-on increase my premium?

Yes, it adds to the base premium of your policy. In other words, you need to pay an extra premium to avail this add-on, which is up and above your base policy.

Does zero dep bike insurance add-on have any exclusions?

Yes, this add-on has certain exclusions. Go through the policy wordings carefully to know the exclusions in detail.

Got questions? Let's talk! Share your contact details and we'll give you a call.

Thank You for your interest in our product.

You don’t want to miss this.

By opting out of WhatsApp communication, you’ll lose out on:

Understand your vehicle registration number