Download the Policybazaar app
to manage all your insurance needs.
*Standard T&C Apply.UIN/ADV/1368/Banner/August/2022-23
-
Home
-
Car Insurance
-
Liberty Car Insurance
- Liberty Zero Depreciation Car Insurance
Benefits of Liberty Zero Depreciation Car Insurance
Liberty Zero Depreciation Car Insurance provides multiple benefits. The details are given below:
- Higher Claim Value: What happens in the case of zero depreciation insurance is that the insurance provider pays for the depreciation value. Hence, the policyholder does not have to settle it out of their pockets. Therefore, the claim values can go higher. The areas in which one does not have to pay depreciation costs are:
- Any car above the age of half a year
- Paint
- Rubber parts and spares
- Plastic parts and spares
- Nylon parts and spares
- Fiberglass parts and spares
- Glass parts and spares
- Tires
- Batteries
- Airbags
- Number of claims can be higher: Liberty Zero Depreciation Car Insurance has the added benefit that it allows the policyholder to claim the benefits under their zero-depreciation policy two times. In both cases, the provider covers the depreciation costs.
You might be interested in
How to Claim Liberty Nil Depreciation Car Insurance?
Liberty Zero Depreciation Car Insurance has a seamless claim process. Please follow the steps given below:
- Register Claim: The first step that one needs to take immediately after the accident is informing the provider and registering the claim. Liberty Zero Depreciation Car Insurance registration is simple and multi-faceted. There is a hotline number that one can call. Further, one can register under the ‘Motor Claims’ section on the provider website. This is under the general ‘Claims’ section.
- Claim Acceptance: Once the provider notices the registered claim, they will provide a unique number associated with that claim. One can get this by email, or in most cases, a representative from the provider's side contacts the concerned person.
- Spot Survey of the Car: In the next step, the insurance provider's surveyor will arrive at the spot to assess the damage to the car. Based on the survey, the assessor will ask for various documents to begin the process of repair.
- Repair and Claim: This can be done in two ways
- Cashless – Liberty Zero Depreciation Car Insurance has multiple cashless garages. If the repair happens at this location, one need not pay the charges because the provider will reimburse the garage directly.
- Reimbursement – If the garage where one takes the car does not have a cashless facility, one must submit all relevant documents to the insurer within seven days.
Car zero Depreciation Insurers
Bajaj Allianz Zero Depreciation Car Insurance
Chola MS Zero Depreciation Car Insurance
Digit Zero Depreciation Car Insurance
Future Generali Zero Depreciation Car Insurance
HDFC Ergo Zero Depreciation Car Insurance
IFFCO Tokio Zero Depreciation Car Insurance
Kotak Mahindra Zero Depreciation Car Insurance
Magma HDI Zero Depreciation Car Insurance
Expand
Liberty Zero Depreciation Car Insurance FAQs
-
Q. What factors should one consider before buying this policy?
Ans: One should consider the age of the car, premium, and frequency of driving before buying Zero Depreciation Car Insurance.
-
Q. Is this a mandatory policy?
Ans: No, this is not a mandatory policy. Instead, it is an add-on to the existing car policy.
-
Q. How does the premium vary with this policy?
Ans: The premium depends on factors such as vehicle value, age, and car model.
-
Q. For whom is this cover the best option?
Ans: It is excellent for high-value cars, new cars, and new car drivers.
Car insurance articles
Recent Articles
Popular Articles
29 Sep 2023
The concept of Own Damage(OD) is not a new one. For those of us
29 Sep 2023
Filing a motor insurance claim can be a complex process, and
29 Sep 2023
To continue receiving coverage benefits, it's necessary to renew
20 Sep 2023
Having third-party car insurance is mandatory as per the motor
13 Sep 2023
When buying car insurance, it is essential to have a thorough