Liberty Zero Depreciation Add-on

Benefits of Liberty Zero Depreciation Add-On Cover

Below mentioned are some benefits of choosing a zero depreciation add-on cover with your comprehensive or standalone own-damage two wheeler insurance policy:

1. Saves Money: With the help of Liberty Zero Depreciation add-on cover one can avail free repair and replacement of the depreciable parts of the two-wheeler. By paying an additional premium for this add-on cover one can save money. The policyholder can save the money required for repair or replacement of the depreciable two-wheeler parts.
2. More Protection: Zero depreciation add-on cover increases the scope of coverage under a two-wheeler insurance policy. This rider provides additional protection in exchange of additional premium.
3. Full Claim: A zero depreciation add-on cover helps the policyholder receive the full claim amount. Claim amount for a two-wheeler insurance policy is calculated without considering depreciation deductions. This add-on cover ensures that the policyholder receives the maximum claim amount for their two-wheeler insurance policy.

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

What is Included under a Liberty Two-Wheeler Insurance Policy with Zero Depreciation Cover?

Following aspects are covered under a Future Generali Liberty Insurance policy with Zero Depreciation Cover:

• Compensation for depreciable parts such as nylon, fiberglass, plastic or rubber parts of the two-wheeler is provided under a two-wheeler insurance policy with zero depreciation add-on cover
• Zero depreciation cover may also include partial damages to the battery and tyres.
• Cost of repairs/replacement of the depreciable parts beared by the policyholder will be covered at the time of claim settlement.

What is not Included under a Liberty Two-Wheeler Insurance Policy with Zero Depreciation Cover?

Following are some things which shall not be covered under a Liberty Two-Wheeler Insurance policy with Zero Depreciation Cover:

• Loss or total damage of the insured two-wheeler
• Damages to the insured two-wheeler due to mechanical fault or failure.
• Routine ageing/wear and tear is not covered under a two-wheeler insurance policy along with zero depreciation add-on cover

Liberty Zero Depreciation Add-On Cover comes with multiple benefits provided that the following conditions are fulfilled:

• The age of the bike should not exceed 2 years.
• This cover can be claimed only twice in the entire policy tenure.
• Repair and replacement due to common wear and tear do not get covered.
• Coverage is not provided in cases of total loss, mechanical and electrical breakdown of the insured’s bike.