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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



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