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Liberty Zero Depreciation Add-on

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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 Add-on Cover

    • 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.

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

    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



    Car insurance starting from Rs. 2072/year*
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      7 days a week

    *TP price for less than 1000cc four-wheeler. All savings/offers are provided by the Insurers which are subject to modification. Terms and conditions apply

    Factors Affecting Liberty Zero Depreciation Cover

    Liberty Zero Depreciation Add-on Cover comes with multiple benefits which are affected by the following factors:

    • 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.

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    • The installation was in easy s...

      On the InsuranceDekho website, the issuance of the policies is very easy and simple. I bought the Liberty Ca...

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      By Sharan Dua
      On: March 29, 2023
    • Great value for the price, I c...

      I couldn’t be happiest after purchasing the Liberty Car Insurance Policy for my Kia Seltos from the Insuranc...

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      By Meher Raje
      On: March 27, 2023
    • Policy in 3 easy steps

      I was able to purchase the Liberty Car Insurance Policy for my Kia Seltos on the InsuranceDekho website in 3...

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      By Pragalva Mehta
      On: March 24, 2023
    • Got a plan of choice

      While looking for good car insurance for my newly purchased Honda city car, I came across the InsuranceDekho...

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      On: March 22, 2023
    • Latest information available

      The InsuranceDekho website always has the latest policies and information. One can be assured that you will ...

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      By Pragya Bajaj
      On: March 20, 2023
    • The chat box feature is helpfu...

      The InsuranceDekho website has a chat box feature which helped me a lot while buying the Liberty Car Insuran...

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      By Sheena Mehra
      On: March 16, 2023
    • Quick services

      I bought the Liberty car insurance plan from the InsuranceDekho website for my Hyundai Venue car. They provi...

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      By Venkatesh Iyer
      On: March 14, 2023
    • Excellent service by Sonam and...

      Great service by Sonam and Sunny Rates are most competitive Genuine guidance in selecting the best policy I...

      Maruti Swift New Delhi
      On: March 11, 2023
    • Many payment options to choose...

      One is not limited to paying via a specific mode on the InsuranceDekho website. While purchasing the Liberty...

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      By Tanya Chaudhary
      On: March 10, 2023
    • Dedicated Customer Care

      The InsuranceDekho website has very supportive customer care which is available 7 days a week. When I had to...

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      By Nidhi Bhanushali
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    473 Liberty Cashless Garages in India

    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.

    • Should I buy a zero depreciation cover if I do not own a luxury car?

      Yes, You can include the zero depreciation add-on cover to your policy even if you don’t own a luxury car for the maximum protection. It will help you to get the parts of your car repaired or replaced without costing you any money.

    • 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 car owners
      • Inexperienced car drivers
      • Luxury car owners
      • Owners living in the accident-prone zones.
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    Liberty Car Insurance Contact Details

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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.