Liberty Zero Depreciation Bike Insurance Policy

The Liberty Zero Depreciation Bike Insurance policy can be availed with a bike comprehensive policy. With the help of this insurance, you can get the maximum out of your insurance policy since there is no deduction in the claim amount on account of depreciation. Additionally, the policy covers all repairs of damages and new bike parts.

Read more
Get Two-Wheeler Insurance
Starting @ only ₹482/year*
  • Save up to 85%

    Lowest 2W Premiums
  • 20+ Insurers

    To Choose From
  • 68 Lakh+

    Bikes Insured

TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply

Stay home & renew bike insurance in 2 minutes
No Documents Required
Enter Bike Number

Liberty Zero Depreciation Bike Insurance

To further understand this clearly, you can consider an example. Say that you purchase a bike worth Rs 1,00,000. After using it for five years, there is a depreciation of 40%. After that time, let’s say the bike gets damaged, and you have to claim the insurance. Based on the damages, you will get the claim. However, in a conventional setting, the full claim amount is not payable since 40% is deductible towards depreciation.

This can leave you with unwanted expenses. To avoid such scenarios, it is always better to take this additional cover. This ensures that the claim amount is paid without deduction.

Benefits of Liberty Zero-Depreciation Add-On Cover

Liberty zero-depreciation bike insurance policy has some significant benefits. They are given below:

  • Full Claim Settlement: The claim settlement amount for Liberty zero depreciation bike insurance comes without any deductions. This happens because the claim amount is payable in full without deducting the depreciation value on the bike parts.
  • Save out-of-the-pocket Expenses: Zero dep cover compensates for the cost of any repairs. Furthermore, if any part needs replacement, this cover takes care of that too.

Depreciation Rate Applicable on Two-Wheelers with and without the Zero Depreciation Cover

The table below shows the difference between the depreciation rates applicable with and without the Liberty zero depreciation bike insurance cover:

The Age of the Bike

With Add-On Cover (%)

Without Add-On Cover (%)

Less than half a year



Half a year to one year



One to two years



Two to three years



Three to four years



Four to five years



Five to ten years



Anything above ten years




The Parts of the Bike

With Add-On Cover (%)

Without Add-On Cover (%)
















Factors Affecting the Liberty Zero Depreciation Cover

Various factors can affect the Liberty zero depreciation bike insurance policy. Some of them are given below:

  • The bike should not be obsolete and should have been bought in the last couple of years
  • There is a limit to the number of times you can claim this cover, i.e., a maximum of two times during the policy tenure
  • The repair and replacement mentioned do not include anything that happens due to regular use
  • There are instances where this policy is inapplicable:
    • Total loss
    • Mechanical loss or failure
    • Electrical loss or failure
  • The cover is valid on both new policies for new purchases and renewal
  • Apart from the losses mentioned above, certain other factors are not applicable in this cover:
    • Any damage due to wear and tear due to the age of the bike
    • Parts such as fuel kit, tires, and gas kits are not part of the cover


Written By: PolicyBazaar - Updated: 16 October 2021

Two Wheeler insurance articles

Recent Articles
Popular Articles
Can Engine Capacity Of Bike Be The Reason Behind Accident Claim Denial?

03 Dec 2021

A road accident took place in Ludhiana, Punjab that led to the...
Read more
Maintain Speed Upto 40km/hr While Riding With Kids Below 4 Years

28 Oct 2021

The Road Transport Ministry has ruled out a draft making the...
Read more
Differentiating Bike Warranty & Bike Insurance

08 Sep 2021

Purchasing a bike is dream come true for many. When you...
Read more
Two Wheelers: Anti-Lock Braking System And Some Important Factors

01 Mar 2021

There are billions of people in this world and every other...
Read more
Top Seven Reselling Bikes in India

03 Feb 2021

Riding a bike is not only cool and exciting in India, but they...
Read more
Best Two Wheeler Insurance Plans in India
When it comes to choosing the best two wheeler insurance plans, we’re sure you have heard enough from different...
Read more
Lost Your Two Wheeler Insurance Documents? Here Is What You Need To Do
A bike insurance policy is one of the important documents required for claim settlement. You won’t be able to...
Read more
Traffic Rules in India That Every Two Wheeler Rider Should Know
A two wheeler is probably the first vehicle that most people learn to ride after a bicycle. Nothing ever compares...
Read more
Renew Your Two-Wheeler Break-in Insurance Policy at PolicyBazaar
Owners of two-wheelers have been getting a good night’s sleep as far as their vehicle’s insurance is...
Read more
Zero Depreciation Bike Insurance
Every two-wheeler goes through depreciation. Simply put, depreciation of a vehicle means a reduction in its value...
Read more