Raheja QBE Zero Depreciation Bike Insurance

Due to wear and tear, depreciation lowers the value of a bike as it becomes older. As a result, insurance providers tend to charge more to insure it over time. Aside from paying a greater premium, the claim amount decreases with time due to depreciation. Raheja QBE bike insurance zero depreciation add-on cover is suggested to avoid such circumstances and receive a greater claim amount.

The claim value is calculated without depreciation on your bike and its parts with this add-on policy. It allows policyholders to obtain the full amount of their claim, less any applicable deductibles. This add-on coverage is offered for an extra premium over and above the base premium.

How does Raheja QBE Two Wheeler Insurance Zero Depreciation Cover Work?

When it comes to bike insurance, zero depreciation means that Raheja QBE doesn't take the depreciation of the bike parts into account when settling the claim. The Raheja QBE 0 depreciation two-wheeler insurance provides comprehensive coverage without considering the vehicle's depreciation value. For example, if your bike is damaged in a traffic accident, the insurance provider will pay for all damages or losses incurred during the claim settlement process. As a result, zero depreciation bike insurance gives you a bigger claim amount for damage while saving you money.

Benefits of Raheja QBE Two Wheeler Insurance Zero Depreciation Add-on Cover

The following advantages come with the zero depreciation add-on cover:

• Because depreciation costs are not factored into the claim settlement amount, this strategy helps to keep costs down.
• By covering the costs of spare parts, you can save a lot of money by purchasing zero depreciation insurance.
• It increases the value of automobile insurance and makes the purchase worthwhile.
• No depreciation is charged under an automobile insurance policy except for tyres and batteries.
• There will be a peace of mind knowing that policyholders would not face financial hardship as a result of higher claim amounts. 

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

What is Included Under Raheja QBE Two Wheeler Insurance Policy with Zero Depreciation Cover?

The following aspects are covered by Raheja QBE's 0 depreciation two-wheeler insurance:

• Raheja QBE compensates for the depreciable two-wheeler's parts like rubber, fiberglass, plastic, and nylon..
• Raheja QBE pays out compensation for the repairs and replacements of the two-wheeler parts throughout the claim settlement procedure. 
• Zero depreciation add-on insurance is available for both purchase and renewal. 

What is Excluded Under Raheja QBE Two Wheeler Insurance Policy with Zero Depreciation Cover?

The following phases are not covered by Raheja QBE 0 depreciation two-wheeler insurance:

• Damage triggered by an uninsured risk or danger.
• Insured bikes are subjected to routine wear and tear.
• Damage or loss is caused by mechanical failure.
• Items not covered by insurance are lost or damaged, like tyres, bi-fuel kits, and gas kits.

Factors Affecting Raheja QBE Two Wheeler Insurance Zero Depreciation Cover

The Raheja QBE zero depreciation two-wheeler insurance cover is quite beneficial; however, policyholders should be aware of the following terms:

• This add-on is not pertinent in the event of complete loss or damage.
• The zero depreciation cover is only available for less than 5 years old bikes
• Policyholders may only claim the benefit not more than twice throughout the policy's term.
• The majority of zero depreciation add-on insurance in the industry is only valid for a year, and the policyholder must renew it every year to continue receiving benefits.

How to Buy Raheja QBE Two Wheeler Insurance Zero Depreciation Cover?

One must follow the below-mentioned steps to buy Raheja QBE zero dep bike insurance.

• Go to the official website of Raheja QBE.
• There are two options for getting a quote for your two-wheeler- through your registration number or by entering personal details.
• If you have a registration number, you can log in through that. And if you don't, you have to enter personal details like Name, Email ID, Mobile Number, Vehicle Make and Model, Registration Date, etc.
• On the next page, select the coverages that you want for your two-wheeler.
• Select the Raheja QBE bike insurance zero depreciation add-on cover.

Raheja QBE Two Wheeler Insurance Zero Depreciation Cover Review

Raheja QBE bike insurance is a low-cost, one-of-a-kind form of bike insurance. When it comes to add-ons, customers have a choice of possibilities. The company boasts about its "customer-centric" values and boasts about its lightning-fast service. From the time you purchase the policy to the time you file a claim, the organization provides quick and easy procedures.