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- Raheja QBE Zero Depreciation Car Insurance
Raheja QBE Zero Depreciation Car Insurance
Purchasing a Raheja QBE zero depreciation add-on can relieve you of the burden of paying the depreciated value of your car all by yourself at the time of claim. This additional cover by Raheja QBE General Insurance Company covers the value of depreciation borne by the insured car which is not otherwise covered in a standard car insurance policy.
Benefits of Raheja QBE Zero Depreciation Car Insurance
By purchasing a Raheja QBE nil depreciation add-on, you can avail the following benefits:
- Reduce Expenses: A Raheja QBE zero depreciation car insurance policy helps to curb extra expenses as depreciation cost is not considered while calculating the claim settlement amount.
- Covers Spare Parts: Zero Depreciation insurance can help save a lot of money by covering the expenses of spare parts.
- Peace of Mind: Knowing policyholders will not face any financial difficulty due to better claim amounts, there will be peace of mind.
How to Buy Raheja QBE Zero Depreciation Add-on Cover?
Buying a zero depreciation add-on along with Raheja QBE car insurance is a simple process. Follow the steps mentioned below:
- Visit Policybazaar.com and select “Car Insurance” from the homepage
- Enter your car number in the given form and proceed
- Now select the details of your car such as its make, model, RTO, registration year, variant and fuel type
- Proceed with car insurance quotes
- On the quotes page, select “Zero Depreciation” from “Addons and Accessories” box
- Now find and select Raheja QBE zero dep car insurance plan
- Pay the final premium amount using desired online mode of payment
- Once you have made the payment, your Raheja QBE zero dep car insurance policy will be mailed to you.
Raheja QBE Zero Depreciation Car Insurance Claim Process
In a zero depreciation car insurance policy, the insurer pays the claim amount without deducting any amount for depreciation for any part of the car except tires. Therefore, the claim process is easy to follow. Below are steps to claim car insurance with zero dep add-on:
- Inform the insurance provider as soon as your car meets with an accident
- The insurer will send a surveyor to examine the damages sustained by the insured car
- Submit the required documents for claim verification
- Once the verification is done, your car will be sent for repairs to the network garage
- After the repairs, the insurer will directly settle the claim along with the depreciation of the car and its parts with the network garage.
Documents Required for Raheja QBE Zero Depreciation Car Insurance Claim
The following documents are mandatorily required to raise a claim under Raheja QBE bumper to bumper insurance:
- Car insurance policy copy
- Copy of vehicle registration book
- Copy of vehicle driving licence
- Police FIR
- Bills of repair, invoices and payment receipts
- NEFT details with cancelled cheque or bank passbook.
FAQs
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Q1. What percentage of depreciation is deducted overall without zero depreciation car insurance?
Ans: Car insurance policyholders will have to pay 50% charges for depreciation on batteries, 30% depreciation will be deducted on fibreglass components, and 5% to 10% depreciation on wooden parts will be deprecated according to the car's age. With a Zero dep cover, these deductions are zero. -
Q2. Can policyholders get Raheja QBE zero depreciation car insurance after 5 years of the purchase of a car?
Ans: Yes, policyholders can get a zero depreciation car insurance policy for up to 10 years of the car. -
Q3. Who should opt for Zero Dep car insurance?
Ans: People with new or luxurious cars, new or inexperienced drivers, or those living in accident-prone areas, people worried about small wrecks, or those who have a car with very costly spare parts, need to opt for a zero dep add-on. -
Q4. Is there any restriction on the number of claims for zero depreciation car insurance?
Ans: Yes, there might be some restriction on the number of claims regarding zero depreciation car insurance. Most of the time, the policy can be claimed for 2 times in a policy year however, it may vary from one insurer to another. Make sure to check your policy wordings for this information.
Car zero Depreciation Insurers
Bajaj Allianz Zero Depreciation Car Insurance
Chola MS Zero Depreciation Car Insurance
Digit Zero Depreciation Car Insurance
Future Generali Zero Depreciation Car Insurance
HDFC Ergo Zero Depreciation Car Insurance
ICICI Lombard Zero Depreciation Car Insurance
IFFCO Tokio Zero Depreciation Car Insurance
Liberty Zero Depreciation Car Insurance
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Car insurance companies
Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
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##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.