Know Everything about Bumper to Bumper Car Insurance Policy

What is Bumper to Bumper Car Insurance Policy?

As the name denotes, a bumper-to-bumper car insurance is a policy that works as an add-on to the comprehensive car insurance policy, offering bumper cover to the insured unit. This insurance policy covers almost the entire vehicle with exceptions of the tyres, glass, engine, and batteries. The various parts covered in this insurance, which are normally excluded in most car insurance policies include: rubber parts, fiber-glass, plastic, nylon as well as metal components.

How Useful is the Bumper to Bumper Car Insurance Policy?

Being a zero depreciation policy, the bumper-to-bumper car insurance definitely has its numerous advantages when compared with a comprehensive plan. However, the policy comes at a bumper price that might hit your pocket. In fact, this policy is as much as 20% expensive as compared to the comprehensive policy.

Thus, you need to pay a hefty premium amount for this plan, which might not suit people seeking an insurance plan with reasonable premium. However, if you are willing to pay high premium in lieu of a policy that covers your car entirely and ensures mental peace then you must go ahead with this bumper cover policy offering car insurance bumper to bumper.

Inclusions and Exclusions of Zero Depreciation Car Insurance

The zero dep car insurance policy offers the following inclusions and exclusions:

• Include coverage for rubber, fiber, plastic, and nylon parts.
• The coverage can be included during renewal or at the time of buying a new policy.
• It allows you to process for entire amount of claim.
• Highly beneficial for new and luxury cars.
• The policy excludes items like bi-fuel kit, gas kits, mechanical breakdown of engine, batteries etc.
• You must renew your bumper-to-bumper car insurance policy every year to continue enjoy its benefits.

Benefits of Zero Depreciation Car Insurance

• At the time of settlement, this policy offers full compensation against every loss or damage.
• The amount reimbursed in case of bumper-to-bumper car insurance policy is more than what is refunded in a comprehensive policy.
• Unlike in comprehensive plan where the car owner needs to pay a certain amount from their pocket for getting the car repaired, in a bumper-to-bumper car insurance the owner of the vehicle gets the entire claim amount.

Disadvantages of Zero Depreciation Car Insurance

• This policy comes at a hefty amount.
• You have to pay 20-30 % higher price as compared to a comprehensive policy.
• The policy also has limitations in terms of number of claims that can be filed during the policy term to gain full claim advantages.

If you are still confused about the bumper-to-bumper car insurance policy, let us give you a simple comparison between the comprehensive car insurance policy and the bumper-to-bumper policy.

Difference Between Comprehensive Car Insurance vs Bumper to Bumper Car Insurance

• The premium to be paid for Bumper-to-Bumper policy is more as compared to what you pay for a comprehensive policy.
• Compensation received in case of Bumper-to-Bumper insurance include complete cost on repair regardless of depreciation, whereas it excludes depreciation value in case of comprehensive plan.
• In Bumper-to-Bumper insurance, you get compensation for parts like rubber, fiber-glass, plastic, nylon as well as metal components, whereas in case of comprehensive plan, you have to pay a partial amount from your pocket for such repairs.

Zero Dep Car Insurance is suitable for:

• Owners of expensive cars/vehicles.
• Beginner drivers/ those who don’t have much driving experience.
• If the car/vehicle plies on roads/areas which are accident prone.

Reasons why Zero Dep car insurance is highly sought after:

• Since it offers easy claim process, thus it is liked by first time policy users.
• It covers expenses against repair and replacements of depreciated parts.
• Serves best for expensive car owners as they can claim reimbursement for full amount for expensive parts in case of an accident/damage.

Top Insurance Companies Offering Bumper to Bumper Car Insurance

To avail the best insurance policy, you need to check different insurance companies offering the insurance plans for your car. Here is a list of the top insurance providers who offer Bumper-to-Bumper car insurance:

1. Bajaj Allianz General Insurance Company
2. Bharti AXA General Insurance Company
3. Chola MS General Insurance Company
4. Edelweiss General Insurance Company
5. Future Generali India Insurance Co. Ltd.
6. Go Digit General Insurance Company
7. HDFC ERGO General Insurance Company Ltd.
8. IIFCO Tokio General Insurance Company Ltd.
9. Kotak Mahindra General Insurance Company Ltd.
10. Liberty General Insurance Company Ltd.
11. National Insurance Company Ltd
12. The New India Assurance Co. Ltd.