Raheja QBE Zero Depreciation Add-on

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 Add-on 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.

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

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 excluded.
• In cases of complete damage, mechanical and electrical breakdown the insurer does not provide coverage.