Raheja Qbe Zero Depreciation Add-on

Raheja QBE Bike Insurance

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Raheja QBE Zero Depreciation Cover

Every insurance company takes into consideration the depreciation in the value of the bike over time. The depreciation charges are deducted from the claim amount at the time of claim settlement. This deduction can be prevented by availing the Zero Depreciation add-on along with a standalone own damage and a comprehensive bike insurance policy. Raheja QBE Zero Depreciation add-on ensures that the company would provide the assured sum irrespective of the depreciation factor.

Raheja QBE Zero Depreciation cover ensures maximum claim amount to the policyholders. It provides the opportunity to avail free of cost repair and replacement of the depreciable parts of the insured’s bike in the network garages.

Benefits of Raheja QBE Zero Depreciation Cover

  • Higher claim: Zero Depreciation cover promises a higher claim amount as the insurer does not deduct any depreciation value. The policyholders can avail the maximum claim amount by opting for Zero depreciation cover with a slight increase in the premium.
  • Saves money: Raheja QBE Zero Depreciation add-on cover takes care of the expense of repair and replacement of the depreciable parts of the insured’s bike. Thus, the policyholders can save the money to be spent on the depreciated parts of the insured’s bike.

Zero Depreciation Insurance vs Normal Insurance

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%

Raheja QBE Zero Depreciation Cover Conditions

Policyholders enjoy multiple benefits with the Raheja QBE 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.

Raheja QBE Bike Insurance User Reviews

71 reviews Write a Review
  • Policies at affordable rates

    InsuranceDekho platform provided me with amazing quotes of two-wheelers from which I chose Raheja QBE bike insurance plan for my Royal Enfield Interc...

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    G
    Gaurav Singhal
    On: July 10, 2020 | Views
  • A strong network of garages

    I have a Raheja QBE insurance policy that insures my Royal Enfield Thunderbird 350X bike with its strong network of garages. I bought the bike insuran...

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    R
    Rahul Verma
    On: July 9, 2020 | Views
  • Many types of add-ons

    I bought a Raheja QBE insurance plan from InsuranceDekho which has covered my Suzuki V-Strom 650XT bike. It provided me with a wide range of add-on co...

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    S
    Shubham Mehta
    On: July 3, 2020 | Views
  • Hassle-free claim settlement

    I got all my insurance claims for the Raheja QBE insurance policy that I bought for my Royal Enfield bike easily settled with the assistance of the In...

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    S
    Shashank Mathur
    On: June 26, 2020 | Views
  • Multiple add-ons are available

    There are many add-on covers of Raheja QBE insurance available at InsuranceDekho. I chose one of them which gave my Yamaha RayZR 125 an extended cover...

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    A
    Akhil Anand
    On: June 25, 2020 | Views

Raheja QBE Zero-Depreciation Add-on Cover FAQs

  • Who should opt for the Zero Depreciation cover?

    It is always advisable to opt for the Zero Depreciation cover to receive the maximum claim amount. However, it is best suited for the following:

    • New bike owners
    • Inexperienced bike drivers
    • Luxury bike owners
    • Owners living in the accident-prone zones.
  • 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 the premium is based on the model and condition of the bike.

  • Does Zero Depreciation provide coverage beyond the city limits?

    The Raheja QBE Zero Depreciation add-on will provide coverage within the predetermined geographical zone only. The insurer will not bear the expense of any damage incurred by the insured’s bike outside the area.

  • Do I get free replacement of the metal bike parts under Raheja QBE Zero Depreciation cover?

    Yes, you receive free of cost replacement of the depreciated metal bike parts under Raheja QBE Zero Depreciation cover.

  • Can I avail the Zero Depreciation cover in case of theft of the insured’s bike?

    No, you cannot avail the benefits of the Zero Depreciation cover in case of theft of the insured’s bike.

Raheja QBE Bike Insurance Contact Details

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