Future Generali Zero Depreciation Add-on

The loss in the value of a bike over time is taken into consideration by the insurance companies as a depreciation factor. The depreciation charges are cut off from the claim amount at the time of claim settlement. You can opt for Zero Depreciation cover to avoid the deduction of depreciation charges. Future Generali Zero Depreciation cover ensures that the insurer does not deduct any depreciation charges from the claim amount.

Future Generali Zero Depreciation add-on cover can be opted with a standalone own damage or comprehensive insurance plan. It enhances the scope of coverage of the existing two-wheeler insurance policy. A zero depreciation add-on cover ensures free of cost repairs or replacement of the depreciable parts of the insured two-wheeler. With this add-in cover one can avail full claim settlement amount without depreciation deductions.

Benefits of Future Generali Zero Depreciation Cover

Following are some benefits of opting for a Zero Depreciation add-on cover with your two-wheeler comprehensive or standalone own-damage insurance policy:

• Additional Protection: The zero depreciation add-on cover provides additional protection to the policy holder by providing compensation for repairs/replacements of the depreciable parts of the insured two-wheeler. This way you can avail additional protection as at the time of filing a claim depreciation deductions can reduce the amount of claim.
• Full Claim Settlement: With a zero depreciation add-on cover the policyholder can avail full claim settlement amount as cost for repairs/replacements for depreciable parts of the insured two-wheeler. While claim settlement of a two-wheeler insurance policy with zero depreciation the claim amount is calculated without considering the depreciation deductions
• Saves Money: Although opting for a zero depreciation add-on cover slightly increases the premium rate of the two-wheeler insurance policies but can save money in the long run. You may have to pay an extra premium for the add-on cover but at the time of filing a claim this add-on cover lets you avail full claim settlement amount.

Depreciation Rate Applicable on Bike With And Without Zero Depreciation Add-on

Following aspects are covered under a Future Generali Two-Wheeler Insurance policy with Zero Depreciation Cover:

• Cost of depreciable parts such as nylon, fiberglass, plastic or rubber parts of the two-wheeler is covered under a two-wheeler insurance policy with zero depreciation add-on cover
• Zero depreciation cover may also include partial damages to the battery and tyres.
• Compensation for the cost of repairs/replacement of the depreciable parts beared the policyholder will be provided to the policyholder at the time of claim settlement.

What is not Included under a Future Generali Two-Wheeler Insurance Policy with Zero Depreciation Cover?

Following are some things which shall not be covered under a Future Generali Two-Wheeler Insurance policy with Zero Depreciation Cover:

• Loss or total damage of the insured two-wheeler
• Damages to the insured two-wheeler due to mechanical fault or failure.
• Routine ageing/wear and tear is not covered under a two-wheeler insurance policy along with zero depreciation add-on cover

Factors Affecting Future Generali Zero Depreciation Cover

To avail the benefits of Future Generali Zero Depreciation, You need to abide by the conditions mentioned below:

• It can be availed by bikes with a maximum age of 5 years.
• You can claim this cover only twice in the entire policy period.
• The repair and replacement due to common wear and tear are exclusions under this cover.
• No coverage is provided in cases of a total loss, mechanical and electrical breakdown of the bike.