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Liberty Zero Depreciation Cover

The procedure of losing the monetary value of the two-wheeler due to wear and tear or routine ageing is known as depreciation. At the time of filing the claim one may have to pay a large amount from their own pocket due to depreciation deductions. An insurance provider can consider depreciation deductions while calculating the claim amount for a two-wheeler insurance policy. Under such circumstances a Zero Depreciation add-on cover can help the policyholder avail the full claim settlement amount.

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

Age of Bike

Rate of Depreciation Without Zero Depreciation Cover

Rate of Depreciation With Zero Depreciation Cover

Under 6 months



6 months to 1 year



1-2 years



2-3 years



3-4 years



4-5 years



5-10 years



Above 10 years



Part of Bike

Rate of Depreciation Without Zero Depreciation

Rate of Depreciation With Zero Depreciation

Rubber/nylon/ plastic parts



Fibre glass parts



Glass parts



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

Factors Affecting Liberty Zero Depreciation 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.

Must Read Articles before buying Liberty Bike Insurance

Liberty Bike Insurance User Reviews

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  • Accessible Anytime, Anywhere

    I'm happy because I can use the special tool, the premium calculator of InsuranceDekho. It helps me to figure out the insurance costs of Liberty Bike Insurance any time i want as per my feasibility. It's really handy and works well with my hectic life.

    By Jahul Akhtar
    On: June 5, 2024
  • Peace of Mind with Every Drive...

    Every time I hit the road with my Mahindra bike, I have peace of mind knowing that InsuranceDekho's Liberty Bike Insurance Policy’s own damage coverage has my back. It's a reassuring feeling that money can't buy.

    By Prakash Thapa
    On: November 21, 2023
  • No Hidden Costs, No Surprises

    I appreciate how the premium calculator provided clear estimates for my Bajaj bike, leaving no room for hidden costs or surprises while purchasing the Liberty Bike Insurance Policy. What you see is what you get, and that's a relief.

    By Santosh Singh
    On: November 15, 2023
  • Cost-Efficient Legal Complianc...

    InsuranceDekho's Third-Party Insurance provides cost-efficient legal compliance. The Liberty Bike Insurance Policy is a basic, yet necessary, policy for my Aprilia bike that safeguards against liabilities while keeping your expenses in check.

    By Yash Paul
    On: October 17, 2023
  • Confidently Protected with Ins...

    I bought the Liberty Bike Insurance Policy from InsuranceDekho. The policy provides me with confidence in the protection for my BMW bike. Their efficient claims processing reassures me that I'm in good hands.

    By Mukul Pahwa
    On: September 20, 2023
  • No-Claim Bonus Protection for ...

    The no-claim bonus protection offered by InsuranceDekho’s Liberty Bike Insurance Policy is a fantastic feature of their comprehensive coverage. It rewards careful driving habits. Happy to have secured my Hero bike under this policy.

    By Saket Bhasin
    On: September 15, 2023
  • Recommended for Responsible Ca...

    I recommend InsuranceDekho's third-party car insurance to responsible car owners who prioritize legal compliance and road safety. I bought the Liberty Bike Insurance Policy and added this benefit to the policy for my Aprilia bike and could not be more happier and secure.

    By Rajeev Rai
    On: September 13, 2023
  • Transparent Premium Breakdown

    I appreciate the transparency of InsuranceDekho's premium calculator. I made a wise decision to secure my Royal Enfield with them. It broke down the premium for my Liberty Bike Insurance Policy into understandable components, making it easy to budget.

    By Saksham Yadav
    On: September 11, 2023
  • Great for High-End Repairs

    High-end repairs can be expensive, but InsuranceDekho's Zero Depreciation Policy makes them affordable. The Liberty Bike Insurance Policy covers the repair costs without factoring in depreciation for my Royal Enfield.

    By Ramit Sarkar
    On: September 5, 2023
  • True Partner in Recovery

    InsuranceDekho has been a true partner in my recovery after accidents. The Liberty Bike Insurance Policy’s efficient claim processing for my for my Triumph bike and support have eased the post-accident stress.

    By Prashant Budhiraja
    On: September 1, 2023

Liberty Zero-Depreciation Add-on Cover FAQs

  • When can I add Zero Depreciation cover to my Liberty comprehensive bike insurance policy?

    You can add the Zero Depreciation cover to your Liberty comprehensive bike insurance policy at the time of purchase, renewal or in the middle of the tenure. However, an inspection may be conducted by the insurance company to check the condition of the insured’s bike.

  • Does the Zero Depreciation cover provide for rubber parts of bikes?

    Yes, Liberty Zero Depreciation cover provides coverage for rubber parts of the insured’s bike. Thus, when you opt for it, the insurance company does not take into consideration the 50% depreciation rate applicable on it.

  • Who should opt for the Zero Depreciation cover?

    Everyone should opt for Zero Depreciation cover to get the maximum claim amount. However, it is best suited for the following people:

    • New bike owners
    • Inexperienced bike drivers
    • Luxury bike owners
    • Owners living in the accident-prone zones.
  • Do I get free replacement of the fibreglass bike parts under Liberty Zero Depreciation cover?

    Yes, you receive free of cost replacement of the fibreglass bike parts under Liberty Zero Depreciation cover.

  • I don’t own a luxury bike, do I still need to add the Zero Depreciation cover to my policy?

    You can add the Zero Depreciation cover to your policy even if you don’t own a luxury bike for the maximum protection. It will help you to get the parts of your bike repaired or replaced without costing you any money.

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#Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.