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Liberty Zero Depreciation Bike Insurance
Liberty Zero Depreciation Bike Insurance is an optional add-on that helps you receive a higher claim amount during bike repairs. Normally, depreciation is deducted from the claim based on the age of the bike parts. With this add-on, no depreciation is applied to eligible parts. This means Liberty pays the full repair or replacement cost of parts like plastic, rubber, and fibre, helping you save more during claims. It can be added to a comprehensive or standalone own damage bike insurance policy and is especially suitable for new or high-value bikes.
Inclusions of Liberty Zero Depreciation Bike Insurance
These are the inclusions of Liberty Zero Depreciation Bike Insurance: Pays the full repair or replacement cost without applying depreciationCovers plastic, rubber, and fibre parts at full valueCovers damages caused by accidents, fire, theft, and natural disastersAllows cashless repairs at Liberty network garagesReduces the amount you need to pay from your own pocket during claims
These are the exclusions of Liberty Zero Depreciation Bike Insurance: Total loss or theft claims are paid as per the Insured Declared Value (IDV).Damage caused while riding under the influence of alcohol or drugs.Riding without a valid driving licence.Normal wear and tear or mechanical and electrical breakdown.Tyres, tubes, nuts, bolts, and consumables, unless specifically included.Policyholder pays the mandatory deductibles.
Here are some of the benefits of Liberty Zero Depreciation Bike Insurance:Higher Claim Amount No depreciation deduction, leading to a bigger payout during repairsFull Cost Coverage Expensive parts like plastic, rubber, and fibre are covered at full valueLower Out-of-Pocket Expenses Saves you from paying extra during accident-related repairsBetter Protection for New Bikes Ideal for new and high-value bikes with costly spare partsEasy and Worry-Free Repairs Makes claim settlement smootherUseful for City Riders Helpful in covering frequent minor damages caused by traffic situationsCost-Effective Add-On Strong financial protection for a small extra premium
Simply follow the process below to add this cover to your policy and protect your bike from depreciation-based deductions during claims.Open the Website Go to the official Liberty General Insurance website on your phone or laptop.Choose Bike Policy Click on "Two-Wheeler" and then tap "Buy Online" for a new policy or "Renew LGI Policy" if you already have one.Enter Your Bike Details Type in your bike’s registration number, brand, model, variant, and year of manufacture.Add Your Personal Info Fill in your name, phone number, email ID, and Aadhaar or driving licence details (if asked).Add Zero Depreciation Cover From the add-on list, select the option "Zero Depreciation Cover" to include it in your policy.Check Price & Pay Look at the final premium price mentioned on the portal. If everything looks correct, make the payment using UPI, net banking, or a debit/credit card.Get Your Policy After payment, you’ll receive your policy instantly at your registered email.
Exclusions of Liberty Zero Depreciation Bike Insurance
Benefits of Liberty Zero Depreciation Bike Insurance
How to Apply for Liberty General Zero Depreciation Bike Insurance?
Bike Insurance Plans By Liberty General
FAQs
It is an add-on cover that lets you get the full claim amount without any deduction for the age or wear-and-tear of bike parts.
Yes. It is not included by default. You must select it as an add-on while buying or renewing your Liberty bike insurance.
Yes, you can add it during renewal if your current policy does not include it.
It is useful for new bikes, expensive bikes, and for people who want maximum claim payout after accidents.
It covers most plastic, rubber, and fibre parts, but it may not include engine damage due to water, normal wear-and-tear, or illegal riding.
It is valid for 1 year and needs to be renewed each time you renew your bike policy.
Usually, this add-on is available for bikes up to 5 years old (varies by insurer).