Have you ever heard of a car coming to an assembly line or shop floor without proper consultation from an engineer or a strategic drawing road map? No, Right? The same principle follows and applies to motor car insurance too. We live in a world of customization where everyone wants to have something different and stylish, from car to a mobile cover. And when we are so particular about our daily things, then shouldn’t that same rule apply to your motor insurance policy as well? So, when it comes to your prized possession car, only the best-customized solution would work. Most of us are not aware or you can say refuse to ask any questions related to auto insurance. Today, people just wanted to know about the premiums before heading to purchase any motor insurance.

Well, every vehicle running on the Indian road need to be insured according to the Motor Vehicles Act, 1988. But, when it comes to prized possession car or bike, it should be covered with an effective and sufficient motor insurance policy. There comes the role of bumper to bumper motor insurance. More and more vehicle owners have now started opting for this add-on insurance policy. The same policy is also commonly known as Zero depreciation cover. The policy offers full claim without any deduction of depreciation cost, on the value of motor parts replaced. So, how it differs from the regular one? In the regular one, you have to pay partly from your own pocket to account for the depreciation of replaced motor parts. However, the zero depreciation aka bumper to bumper auto insurance comes at a slightly higher cost than the standard regular one.

So, here we are listing out 5 things that you should know about bumper to bumper insurance:

• Bumper to bumper insurance cover is available for both four-wheelers and two-wheelers, and mostly applicable to new vehicle owners. The zero dep. or bumper to bumper insurance policy is available for cars for a maximum tenure of 5 years. So, this insurance policy is vital for someone who has just bought a new luxury car, or who is not so pro in car driving. Hence, anyone who possesses a car less than 5 years old should possess this policy as it fills the gap between the actual damage and the claim settlement amount during an accident.

• With Add-on “zero depreciation policy” – you will get the full value of the cost of repair or replacement, if your vehicle is repaired at the authorized workshop, i.e. partnered with the insurance company.

 • A regular standard motor insurance policy does not provide complete coverage on glass, plastic or fiber parts, but the zero depreciation aka bumper to bumper insurance cover provides complete coverage for your prized possession parts. However, some parts like batteries and tyres may not be fully covered under the same. Well, this is one of the major reasons why bumper to bumper insurance cover cost you around 20% more in comparison to the standard one.

• Under bumper to bumper, most of the insurance companies limit the number of claims in a year. Hence, it is advisable that you should not go for a small number of claim settlements under this policy.

• Vehicle Breakdown: For instance, if your vehicle is not in moving condition after a tragic accident, in that case; your vehicle needs to tow to a garage. And hence, there are some insurance companies who may not cover the tow-away charges, because they have a maximum limit, and on exceeding to it, they refuse to bear the extra charges.

Many financial pundits say that as long as the higher cost of this auto insurance policy does not pinch your pocket, it is advisable to opt for bumper to bumper insurance one. Well, every add-on cover you purchase for your car, it comes with a slightly higher cost of premiums than the standard one, but one must note that it provides a complete layer of protection to the insured vehicle. Hence, add-ons like bumper to bumper are highly effective and worthy.

Hope this information helps you!