Liberty Zero Depreciation Add-on

Liberty Car Insurance

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Liberty Zero Depreciation Add-on

Like all other commodities your car is also subject to depreciation. Depreciation does not only lowers down your car’s market value but also affects the amount which you receive at the time of claim settlement. In the absence of this add-on in your comprehensive policy, the insurer is not liable to bear the cost of depreciation for the replaced parts of your car. This results in lower claim amounts during the claim settlement.

The Liberty zero depreciation add-on cover allows the policyholder to get full claim amount without the subtraction of any depreciation cost from it.

Benefits Of Liberty Zero Depreciation Insurance

Higher Claim Amounts: The zero depreciation add-on cover bundled with the standard comprehensive car insurance policy allows the policyholder to enjoy higher claim amounts. The cover makes the insurer liable to bear the cost of depreciation and not the policyholder.

Multiple Claims: Liberty General Insurance allows you to file up to 2 claims with a zero depreciation cover during the policy tenure.

Zero Depreciation vs Normal Insurance

Age of Car

Rate of Depreciation Without Zero Depreciation

Rate of Depreciation Without Zero Depreciation

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 Car

Rate of Depreciation Without Zero Depreciation

Rate of Depreciation Without Zero Depreciation

Paint work /Rubber/nylon/ plastic parts, tires and tubes, batteries and airbags parts



Fibre glass parts



Glass parts



Conditions of Liberty Zero Depreciation Add-on Cover

  • A maximum of 2 claims is admissible in a policy period.
  • It is not applicable for theft, CTL and TL of the insured vehicle.
  • The damaged vehicle must be repaired at the company authorised workshop.

Liberty Car Insurance User Reviews

130 reviews Write a Review
  • Excellent policy

    My Liberty car insurance policy that I purchased from InsuranceDekho for my Volkswagen Vento car is an excellent product. I like the several benefits...

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    Divay Gulati
    On: July 9, 2020 | Views
  • Quick and transparent buying process

    I really want to thank the team at InsuranceDekho who helped me buy Liberty General car insurance policy for my Chevrolet Aveo car in just a few minut...

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    Parth Singhal
    On: July 8, 2020 | Views
  • Liked my policy

    I recently bought Liberty General car insurance policy for my Honda Amaze car. The policy is affordable yet high on benefits. There are several cashle...

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    Rahul Makhija
    On: July 8, 2020 | Views
  • Affordable policy

    My Liberty General car insurance policy is really affordable. I bought it for my Honda Jazz car. I thank the team at InsuranceDekho for suggesting thi...

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    Kriti Rathi
    On: July 6, 2020 | Views
  • Many benefits under my policy

    I recently purchased Liberty General car insurance policy for a Honda Accord car. The policy offers me several benefits and was easy to buy online fro...

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    Sidharth Uppal
    On: July 2, 2020 | Views

Liberty Zero Depreciation Cover FAQs

  • What does it mean that only 2 claims are admissible under the zero depreciation policy?

    This means that a policyholder will get the benefits of depreciation cover up to 2 times during the policy tenure. The third and subsequent claims will be entertained as per the policy but the policyholder will have to bear the cost of depreciation in them.
  • Can I choose the claim in which I want to avail the zero depreciation cover benefits?

    Yes, the policyholder can decide in which claims he/she wants to bear the cost of depreciation of the replaced parts or not for a particular claim.
  • What is the premium of the zero depreciation add-on cover?

    There is no fixed premium for the zero depreciation add as the premium amount depends on factors such as Insured Declared Value (IDV) of your vehicle, its age, model, etc.

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