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Kotak Zero Depreciation Cover

The procedure of reduction of the monetary value of the two-wheeler considering some factors such as the age of the vehicle, regular wear and tear of the vehicle etc is known as depreciation. The policyholder may have to pay a large sum from his/her own pocket at the time of filing a claim for their two-wheeler insurance policy. Due to depreciation deduction, the policyholder may not be able to avail of the full claim amount. A zero depreciation add-on cover can help the policyholder avail the full claim amount in the time of crisis.

The reduction in the value of a bike with time is taken into account by the insurance company at the time of claim settlement. The claim amount is calculated by factoring in the depreciation of the insured’s bike. To avoid this depreciation charge, the policyholders can opt for the Zero Depreciation cover along with the comprehensive policy or the standalone own damage policy. Kotak Zero Depreciation cover helps to prevent the deduction of depreciation charge from the claim amount.

Kotak General Insurance offers Zero Depreciation Cover which can be opted with the comprehensive or standalone own-damage two-wheeler insurance policies. This add-on cover enables the policyholder to receive the full claim amount as no depreciation deductions shall be charged once this add-on cover opts. It even provides repair and replacement of the depreciated parts of the insured’s bike.

Benefits of Kotak Zero Depreciation Add-On Cover

Below mentioned are some benefits of purchasing a Zero Depreciation add-on cover with your two-wheeler comprehensive or standalone own-damage insurance policy:

  • Saves Money: Zero depreciation add-on cover may increase the premium of your two-wheeler insurance policy slightly but it does provide added protection. This add-on cover can help the policyholder to save money as this add-on enables the policyholder to receive the maximum claim amount without depreciation deductions.
  • Added Protection: The zero depreciation cover adds more protection to the existing two-wheeler insurance policy. This add-on cover ensures that the claim amount is calculated without the depreciation deductions being charged.
  • Maximum Claim Amount: The primary objective of purchasing a Zero Depreciation add-on cover with your two-wheeler insurance policy to avail maximum claim amount as with the help of this rider the claim amount shall be calculated without depreciation deduction being charged. This way the policyholder is able to avail a maximum claim amount.

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

Age of bike

Rate of Depreciation Without Zero Depreciation Cover

Rate of Depreciation With Zero Depreciation Cover

Under 6 months

Nil

0%

6 months to 1 year

5%

0%

1-2 years

10%

0%

2-3 years

15%

0%

3-4 years

25%

0%

4-5 years

35%

0%

5-10 years

40%

0%

Above 10 years

50%

0%

Part of bike

Rate of Depreciation Without Zero Depreciation

Rate of Depreciation With Zero Depreciation

Rubber/nylon/ plastic parts

50%

0%

Fibre glass parts

30%

0%

Glass parts

Nil

0%

What is Included under a Kotak Two-Wheeler Insurance Policy with Zero Depreciation Cover?

Below mentioned aspects shall be covered under a Kotal Two-Wheeler Insurance policy with Zero Depreciation Cover:

  • Compensation for depreciable parts such as nylon, rubber, fibreglass and plastic parts of the two-wheeler is provided to the policyholder.
  • Under some circumstances, a zero-depreciation cover also provides coverage for partial damages to battery and tyres.
  • Cost of repairs or replacement born by the policyholder at the time of claim settlement shall be provided to the policyholder.

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

Below mentioned are some things that shall not be covered under a Kotak Two-Wheeler Insurance policy with Zero Depreciation Cover:

  • Own-damages to the insured two-wheeler due to mechanical fault or failure.
  • Total damage/loss to the two-wheeler is not covered under a zero depreciation add-on cover
  • Damage/loss of the uninsured items such as gas kits, tires or bi-fuel kit is covered under a zero depreciation cover
  • Routine ageing/wear and tear shall be not covered under a two-wheeler insurance policy along with zero depreciation add-on cover.

Factors Affecting Kotak Zero Depreciation Cover

Policyholders enjoy multiple benefits with the Kotak zero depreciation cover; however, the following conditions should be kept in mind:

  • It is available for bikes with a maximum age of 2 years
  • Policyholders can make only two claims in the entire policy tenure
  • Repair and replacement due to common wear and tear are exclusion
  • In cases of complete damage, mechanical and electrical breakdown the insurer does not provide coverage.

Explore Kotak Bike Insurance

Must Read Articles before buying Kotak Bike Insurance

Kotak Bike Insurance User Reviews

4.8
Rating based on
447 User reviews
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What users are saying
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  • Professional Customer Service

    Last month, I purchased a comprehensive Kotak Bike Insurance for my new bike from InsuranceDekho. Their team’s helpful and clear communication at every step has earned my trust. I appreciate their commitment to providing reliable services. Thank you!

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    V
    By Vikrant Makhija
    On: June 6, 2024
  • Zero-Dep, Maximum Satisfaction...

    Zero-dep Kotak Bike Insurance Policy from InsuranceDekho is all about maximum satisfaction. It ensured that I am fully satisfied with bike’smy KTM protection, no matter the circumstances.

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    M
    By Manish Tejeshwar
    On: November 22, 2023
  • Peace of Mind with Legal Cover...

    The Kotak Bike Insurance Policy with the third-party coverage offers peace of mind with legal coverage for my KTM bike. It's the right choice for anyone who wants to drive responsibly and ethically.

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    N
    By Nitish Kumar
    On: November 16, 2023
  • Peace of Mind on the Road

    Having access to InsuranceDekho's cashless garages gives me peace of mind whenever I'm on the road. I know I can rely on them for efficient repairs as my Vespa bike is insured with the Kotak Bike Insurance Policy.

    Read More

    P
    By Piyush Goel
    On: September 27, 2023
  • Value for Money

    At first, I was skeptical about the cost of Zero Dep insurance, but InsuranceDekho offered me several affordable options. The extra premium that I received from the Kotak Bike Insurance Policy is worth it, especially considering the full coverage it provides for my Ampere bike without accounting for depreciation. I've had a couple of claims, and I'm glad I had this policy in place.

    Read More

    A
    By Ankit Mahajan
    On: September 25, 2023
  • Responsive Customer Support fo...

    While buying a bike insurance policy for my Triumph bike, I had some questions while using InsuranceDekho's premium calculator, and their customer support was responsive and helpful in addressing my concerns finally I bought the Kotak Bike Insurance Policy and insured my bike.

    Read More

    A
    By Ashish Chaatpur
    On: September 21, 2023
  • Long-Term Benefits of Comprehe...

    I opted for long-term coverage for the Kotak Bike Insurance Policy with InsuranceDekho's comprehensive policy. It came with several benefits, including reduced paperwork and uninterrupted protection for my Vespa bike.

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    A
    By Anuj Verma
    On: September 14, 2023
  • Peace of Mind in Compliance

    Having InsuranceDekho's Kotak Bike Insurance Policy that comes with third-party coverage gives me peace of mind knowing I'm legally compliant and my Ampere bike is financially protected.

    Read More

    S
    By Subodh Shahtri
    On: September 12, 2023
  • Smooth and Convenient Cashless...

    My experience with InsuranceDekho's cashless garages has been incredibly smooth and convenient. They truly make car repairs hassle-free. Thanks to the executives who suggested adding this benefit to my pre-existing Kotak Bike Insurance Policy for my KTM bike.

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    J
    By Jay Arora
    On: September 8, 2023
  • Instant Gratification

    As I was looking for a good bike insurance policy for my Amperebike, I came across the InsuranceDekho portal. The instant process of receiving insurance quotes in seconds is unbeatable. InsuranceDekho's Premium Calculator has transformed the tedious process of shopping for bike insurance into an enjoyable experience. I immediately bought the Kotak Bike Insurance Policy and am very happy about it.

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    By Sudhir Tripathi
    On: September 4, 2023
  • Total Peace of Mind

    InsuranceDekho's Comprehensive Coverage for Kotak Bike Insurance Policy provides me with total peace of mind. I know that my Kawasaki bike is protected against a wide range of risks, making my driving experience worry-free.

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    P
    By Pritish Puri
    On: August 28, 2023
  • Accurate Policy Information on...

    InsuranceDekho provided accurate policy information during the renewal of my Kotak Bike Insurance Policy for my Avan bike, giving me confidence in my decision to continue with them.

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    By Lokesh Gupta
    On: August 24, 2023
  • User-Friendly Own damage purch...

    The policy purchase and renewal process for own damage coverage on InsuranceDekho's Kotak Bike Insurance Policy for my Suzuki bike was user-friendly and hassle-free.

    Read More

    S
    By Shalin Khan
    On: August 23, 2023
  • Prompt Renewal Reminders for P...

    InsuranceDekho sent me timely renewal reminders for my Kotak Bike Insurance Policy, ensuring I never missed the deadline. It provided me with peace of mind knowing my Ampere bike was continuously insured.

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    C
    By Chandar Prashar
    On: August 10, 2023
  • No-Claim Bonus Benefit

    I appreciated that InsuranceDekho's own damage policy for my Bajaj bike rewarded me with a no-claim bonus for claim-free years. It incentivizes safe driving and offers a discount on the premium of my Kotak Bike Insurance Policy.

    Read More

    S
    By Surya Singhania
    On: August 9, 2023
  • Worth Every Penny

    The extra cost for zero depreciation coverage is worth every penny. The Kotak Bike Insurance Policy saved me from potential financial burdens in case of accidents of my KTM bike, making it an essential add-on to any bike insurance policy.

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    By Rahul Shenoy
    On: August 7, 2023
  • Comprehensive Coverage with Ad...

    The Kotak Bike Insurance Policy comprehensive policy at InsuranceDekho comes with valuable add-ons that enhance the coverage for my Kawasaki bike even further. It's a complete package for bike protection.

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    By Ritik Jaiswal
    On: July 31, 2023
  • Wide Network of Trusted Garage...

    I was impressed by the extensive network of cashless garages that InsuranceDekho offered with the Kotak Bike Insurance Policy. It gave me peace of mind knowing there was a reliable garage nearby for any emergency for my Kawasaki bike.

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    D
    By Dirender Srivastav
    On: July 25, 2023
  • Trustworthy Renewal Experience...

    InsuranceDekho provided a trustworthy renewal experience for my Kotak Bike Insurance Policy for my TVS. Their attention to detail and commitment to customer satisfaction earned my trust.

    Read More

    D
    By Dilpreet Saini
    On: July 21, 2023
  • Timely Updates

    Throughout the own damage claim process for my Bajaj bike, InsuranceDekho provided timely updates on the status of my claim for the Kotak Bike Insurance Policy. I was always aware of the progress being made, which was reassuring.

    Read More

    B
    By Bhupesh Rana
    On: July 20, 2023
  • Affordable and Reliable

    I chose InsuranceDekho's Zero Dep car insurance policy because it offered great coverage at an affordable price. The Kotak Bike Insurance Policy has proven to be reliable, and the zero depreciation benefit has saved me from significant out-of-pocket expenses for my Vespa bike. I'm impressed with their service.

    Read More

    M
    By Mridul Kakkar
    On: July 18, 2023
  • Flexible and Customizable Opti...

    The premium calculator offered by InsuranceDekho allows for flexible and customizable options. I can easily modify coverage parameters and instantly see how they affect the premium of the Kotak Bike Insurance Policy for my Honda bike. This flexibility helps me tailor the policy to my specific needs.

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    G
    By Gurmeet Singh
    On: July 14, 2023
  • Cost-Effective Option

    InsuranceDekho's third-party policy offered a cost-effective option for my Suzuki car insurance. The Kotak Bike Insurance Policy provided the necessary coverage while being affordable for my budget.

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    By Prakshal Shah
    On: July 12, 2023
  • Transparent Policy Terms and C...

    I found InsuranceDekho's comprehensive car insurance policy to have transparent terms and conditions. They clearly outlined the coverage, exclusions, and renewal conditions, helping me make an informed decision to purchase the Kotak Bike Insurance Policy for my Jawa bike.

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    A
    By Annirudh Shah
    On: July 11, 2023
  • Transparent Communication

    InsuranceDekho maintained transparent communication throughout the claims process for my Kotak Bike Insurance Policy for my Suzuki bike. They kept me informed about the progress of my claim and provided updates on the estimated settlement amount, giving me clarity and peace of mind.

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    By Harshiv Kohli
    On: July 7, 2023
  • Reliable Estimates for Budget ...

    At InsuranceDekho, the premium calculator provided reliable estimates for budget planning. It accurately projected the premium for the Kotak Bike Insurance Policy, allowing me to incorporate it into my financial planning for my Mahindra bike. The reliability of the estimates helped me assess the affordability of the policy and make informed decisions about my insurance coverage.

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    By Piyush Sharma
    On: July 5, 2023
  • Coverage for Accidental Damage...

    I recently experienced accidental damage to my car, and I must say that my Kotak Bike Insurance Policy's own damage coverage exceeded my expectations. The policy provided comprehensive coverage for the damages to my Kawasaki bike, including repair costs, replacement parts, and even towing services. InsuranceDekho was quick to assess the damage and promptly reimbursed the expenses. I am highly satisfied with the level of coverage offered.

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    By Dheeraj Acharya
    On: June 30, 2023
  • No Surprises

    I was very happy with the zero depreciation Kotak Bike Insurance Policy that I chose from InsuranceDekho for my SWM bike. There were no surprises and I knew exactly what I was getting. I would definitely recommend this company to others.

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    S
    By Subrahmanya Rao
    On: June 28, 2023
  • Quality Repairs

    I was very happy with the quality of the repairs that were done at the cashless garage. My Mahindra bike looks like new and I'm confident that it will last for many years to come. So glad that I took the decision to update this benefit along the Kotak Bike Insurance Policy from InsuranceDekho.

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    S
    By Sirish Bhandari
    On: June 26, 2023
  • Comprehensive Coverage Tailore...

    The comprehensive coverage offered by the Kotak Bike Insurance Policy is customizable to meet my specific needs for my Royal Enfield bike. I can select the level of coverage and add-ons that align with my requirements, ensuring comprehensive protection tailored to my preferences. Happy to have secured my bike from InsuranceDekho under this amazing policy.

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    A
    By Amrit Pal
    On: June 22, 2023
Kotak Reviews

Kotak Zero Depreciation Add-on Cover FAQs

  • Who are best suitable for the Zero Depreciation cover?

    The Zero Depreciation cover is recommended for anyone who wants to avoid the depreciation charge as well as the repair and replacement cost. However, it is best suited for the following people:

    • New bike owners
    • New or inexperienced drivers
    • Luxury bike owners
    • Owners/drivers living in the accident-prone zone.

  • What are the advantages of Kotak Zero Depreciation cover?

    The Kotak Zero Depreciation cover provides the following advantages to its policyholders:

    • Save significant cost on the repairs and maintenance of the depreciated parts of the insured’s bike.
    • Ensures full IDV amount as the claim amount.
    • Provides free of cost replacement of depreciated bike parts.

  • Do I have to pay extra for adding the Zero Depreciation to my policy?

    Yes, opting for Zero Depreciation cover leads to a slight increase in the premium amount. The rate of increase in premium is based on the model and condition of the bike.

  • How can I add the Zero Depreciation cover to my insurance policy?

    You can add the Zero Depreciation cover to your policy by visiting the official website of Kotak bike insurance or you can dial their toll-free number 1800 266 4545. You can add the Zero Depreciation cover to your comprehensive bike insurance policy at the time of purchase, at the time of the renewal or in the middle of the tenure.

  • Do I need to renew the Zero Depreciation cover every time I renew my Kotak comprehensive bike insurance policy?

    Yes, you need to renew the Zero Depreciation cover every time you renew your Kotak comprehensive bike insurance policy provided it satisfies the conditions of Zero Depreciation cover at the time of renewal.

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