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Do You Know Bumper to Bumper Insurance

Bumper to Bumper Insurance

Bumper to Bumper Car insurance Policy, also often referred to as The Zero Depreciation Car Insurance Policy, was introduced in India in 2009. … When claimed for, the insurance company is liable to pay the entire cost, or almost the entire cost, for any damage caused due to collision or other accidents.

Advantages of Bumper To Bumper Car Insurance Policy

  • 100% Coverage: Get optimum claim settlement to rubber, plastic and metal parts of your vehicle without including any depreciation.
  • New vehicle damage risk: Policyholders are worried about the accidental risk for their brand new vehicle some plans do not cover the total vehicle. Bumper to bumper insurance plan covers 100% damage cost for your new vehicle.

Disadvantages of Bumper To Bumper Car Insurance Policy

  • Premium is higher due to extensive damage coverage offered. However, the premium may increase 10-20% from normal coverage.
  • Restriction in a number of claims, insurer offers an only limited number of claims in a year after the limit your policy degrades to a comprehensive plan.Offers an unlimited number of claims to customers.
  • Zero depreciation plan is applicable only to new cars aged up to 5 years. Cars older than 5 years are not allowed to opt for this policy; this is the major drawback from a customer perspective.
  • Policy, not covers in case of engine damage due to oil leakage and normal wear and tear of tyres, clutch plates in normal course of driving.

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