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  • CASHLESS GARAGES 5,000+
  • CLAIMS SETTLED 98%
  • ZERO DEP. CLAIMS UNLIMITED
Key Features:
  • Right Green Tick Towing Assistance (Till 50 kms)
  • Right Green Tick Minimal Documentation
  • Right Green Tick 24x7 Assistance
  • Right Green Tick Quick Claim Settlement

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  • Chennai
  • Gurgaon

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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 With Zero Depreciation

Under 6 months

Nil

0%

6 months to 1 year

5%

0%

1-2 years

10%

0%

2-3 years

15%

0%

3-4 years

25%

0%

4-5 years

35%

0%

5-10 years

40%

0%

Above 10 years

50%

0%

Disclaimer:
Battery / Plastic / Nylon / Rubber parts -> 50% covered; Fiberglass -> 70% covered, Wooden & Metallic parts -> Depreciated basis age of vehicle (normal)

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.

Explore Liberty Car Insurance

Must Read Articles before buying Liberty Car Insurance

Liberty Car Insurance User Reviews

4.8
Rating based on
439 User reviews
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What users are saying
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  • Knowledgeable Advisors

    The advisors at InsuranceDekho are knowledgeable and provided me with valuable insights during the renewal process of the Liberty Car Insurance Policy. It was reassuring to know I was making informed decisions for my Mercedes-Benz.

    Read More

    S
    By Sarah Negi
    On: November 22, 2023
  • Helps You Stay Within Budget

    With the premium calculator, I could easily adjust my coverage for the Liberty Car Insurance Policy and options to stay within my budget. It's a fantastic way to get the protection I need for my Chevrolet car without overspending.

    Read More

    A
    By Asmita Khambre
    On: November 16, 2023
  • Quick and Hassle-Free Premium ...

    I was looking for a good car insurance policy for my Chevrolet car. The premium calculator on InsuranceDekho is a game-changer. It's fast, efficient, and hassle-free. I appreciate being able to get a quick estimate of the Liberty Car Insurance Policy without going through lengthy forms and phone calls.

    Read More

    J
    By Jitender Kumar
    On: November 8, 2023
  • Support for Car Owners

    InsuranceDekho's cashless garage support with the Liberty Car Insurance Policy is comprehensive. They cover everything from minor repairs to major overhauls for my Toyota car, catering to all my needs.

    Read More

    By Pankaj Rana
    On: October 18, 2023
  • No Hidden Costs

    I appreciate that there are no hidden costs or surprises with InsuranceDekho's Zero Dep insurance for my Hyundai car. With the Liberty Car Insurance Policy, what you see is what you get, and that level of transparency is commendable.

    Read More

    V
    By Viaks Shankar
    On: October 3, 2023
  • Staying Loyal for Cashless Ben...

    I'm a loyal customer of InsuranceDekho because of their excellent cashless garage benefits. It's a significant reason why I renew my Liberty Car Insurance Policy for my BMW with them.

    Read More

    S
    By Sanya Bisht
    On: September 27, 2023
  • Effortless Claims Resolution

    InsuranceDekho made claims resolution effortless. Their team handled everything efficiently for my Liberty Car Insurance Policy claim that I filed for my Renault car, making it a stress-free experience.

    Read More

    By Madhurima Khurrana
    On: September 20, 2023
  • Total Peace of Mind with Own D...

    Recently I bought the Liberty Car Insurance Policy and with that InsuranceDekho's own damage coverage gives me total peace of mind. I know my Skoda car is protected against a wide range of risks.

    Read More

    V
    By Vinod Kamath
    On: September 15, 2023
  • Simplified Premium Calculation...

    I found InsuranceDekho's premium calculator to be a simplified way to calculate insurance costs for the Liberty Car Insurance Policy that I purchased for my Chevrolet car. It's a must-use for anyone purchasing insurance.

    Read More

    P
    By Prachi Yadav
    On: September 13, 2023
  • Value for Money Protection

    I believe InsuranceDekho's zero depreciation policy provides excellent value for money. The Liberty Car Insurance Policy with the zero dep ensures my MG car retains its value on the road and in my wallet.

    Read More

    By Maya Anand
    On: September 11, 2023
Liberty Reviews

473 Liberty Cashless Garages in India

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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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