Depreciation is the primary reason why old cars cost less than new ones, and the cost deducted is known as depreciation value. When it comes to insurance, insurers charge more premium with time, and the claim amount also reduces. To get the higher claims at a reasonable premium, make sure to choose the insurer wisely. If you’re looking for one, consider buying Raheja QBE Zero Depreciation Car Insurance. This is an add-on cover under Raheja QBE car insurance, which can be bought at an additional premium to cover car depreciation.
Vehicle insurance is legally necessary for the security of your vehicle. Therefore, choose the best insurer that provides maximum benefits to policyholders to get the maximum claim amount at a reasonable price. Below are some of the Raheja QBE Zero Depreciation Car Insurance benefits.
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 the Raheja QBE Zero Depreciation Car Insurance:
Raheja QBE Zero Depreciation Car Insurance is one of the right car insurance policy that can give the highest claim rates. However, one should consider comparing other options as well to land on the better deal.
Ans: Car insurance policyholders will have to pay 50 % charges for depreciation on batteries, 30 % depreciation will be deducted on fiberglass 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.
Ans: No, policyholders can get a zero depreciation car insurance policy if the car is less than five years old. Anything above five years, policyholders cannot purchase a zero depreciation insurance policy.
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. 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.
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*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
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*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
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