Liberty Zero Depreciation Bike Insurance

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Liberty Two Wheeler Insurance Highlights

Liberty (Two Wheeler Insurance)
Liberty General Insurance Ltd. is a joint venture between Liberty Citystate holdings PTE Ltd, a group company of US Headquartered Liberty Mutual Insurance Group, a leading multinational property and casualty group, Enam, a privately owned and managed firm that makes long-term investments in listed companies, as well as backs entrepreneurs building valuable private companies and Diamond Dealtrade Limited belongs to reputed D.P Jindal Group Companies of India, an industrial conglomerate. Liberty General Insurance Limited commenced operations in 2013 with the aim of providing comprehensive retail, commercial and industrial insurance solutions.
Claim Settlement Ratio
-6000+ Network Garages, 184 PPN (Preferred Partner Network) across India -Spot claims - unlimited -Advance cash upto 50% - 6 months repair warranty
close -6000+ Network Garages, 184 PPN (Preferred Partner Network) across India -Spot claims - unlimited -Advance cash upto 50% - 6 months repair warranty

A bike is an asset that depreciates with time. This depreciation has an impact on the amount of claim settlement about bike insurance. One automatically assumes that a comprehensive two-wheeler insurance policy will eliminate any pocket expenses, but they are wrong. Whenever a claim is filed for bike insurance, the insurer will determine the compensation amount payable after deducting the depreciation amount. This means a policyholder generally has to pay a crucial amount out of the total expenses incurred for bike repairs. 

If people want to ensure that the impact of bike depreciation does not reduce their claim amount, they need to opt for Liberty zero-depreciation bike cover along with their comprehensive bike policy. Therefore, it is advisable for new bike owners to buy Liberty zero dep bike insurance policy as it protects them against the default devaluation applicable on the insured bike and its parts, which ultimately helps to get a higher claim in return. 

How does Liberty Bike Insurance Zero Depreciation Cover Work?

The zero dep add-on of Liberty two-wheeler policy covers the depreciation amount deducted on the value of the insured bike’s parts replaced towards a possible claim under the own damage bike section of the policy. When your bike is damaged in a collision, and you make your own damage claim, your insurer will not reduce the amount of depreciation from the claim amount, and so you receive the entire value, without any depreciation amount deductions, of your insured bike and its parts while applying for claim settlement. Adding a Liberty zero dep bike insurance policy, therefore, expands the coverage under your comprehensive/own damage bike insurance policy and increases the financial protection for your bike with a little extra premium.

Benefits of Liberty Bike Insurance Zero Depreciation Add-on Cover

Liberty zero dep bike insurance cover provides several benefits to the policyholder, including:

  • Expand the coverage
  • Higher claim amount
  • No paperwork
  • Zero documentation
  • Seven days claim settlement
  • Cashless claim settlement
  • Hassle-free inspection process

Depreciation Rate Applied on Bikes With And Without Zero Depreciation Add-on

Age of BikeWithout Zero Depreciation CoverWith Zero Depreciation Cover


Up to 60 days 




60 days to 365 days 



 365 days to 2 years 



 2 years to 3 years



 3 years to 4 years



 4 years to 5 years



 5 years to 10 years



 Above 10 years



Paint Work /Nylon/

Rubber/ Plastic Parts,

Tyres and Tubes, 






Wooden Parts

5% (for the first year)

10% (after one year)


Fiberglass Parts



What is Included Under Liberty Bike Insurance Policy with Zero Depreciation Cover? 

Liberty zero dep, two-wheeler insurance policy, covers the following risks:

  • Own damages suffered due to accidents
  • Damage suffered because of natural or man-made disasters
  • Damage due to a fire, explosion, or vandalism
  • Nylon, fibreglass, plastic, wooden and rubber parts
  • Batteries
  • Tyres and tubes only up to 50%

What is not Included Under Liberty Bike Insurance Policy with Zero Depreciation Cover? 

Liberty zero dep bike insurance policy does not cover the following:

  • Five years older bike
  • Tyres, bi-fuel kit and gas kit
  • Engine oil leakage or water ingression
  • Normal wear and tear
  • Damage occurred out of geographical boundaries
  • Damage occurred under the influence of alcohol/drugs
  • Mechanical or electrical failures

Factors Affecting Liberty Bike Insurance Zero Depreciation Cover

Below are the factors that need to be considered while applying for Liberty zero dep bike insurance policy:

  • Bike’s age
  • Bike’s model and variant
  • Location of the policyholder
  • Policy type

How to Buy Liberty Bike Insurance Zero Depreciation Cover? 

You can buy the Liberty two-wheeler zero dep insurance online by following the below-mentioned steps:

  • Visit the official portal of Liberty General Insurance.
  • To purchase the Liberty zero dep bike insurance policy, you must buy a comprehensive/own damage policy first.
  • Select the two-wheeler insurance policy from the menu.
  • Enter your bike number, full name, phone number and a valid email address.
  • Click next and check the information that appeared.
  • If it’s correct, click on next and further fill the form with bike model, maker, date of registration etc.
  • Click on next and enter your personal information, including address, aadhaar card number, driving licence number, etc.
  • Select the policy type as ‘Comprehensive bike Insurance’ and click on add-ons covers.
  • Click on ‘Zero Depreciation Cover’ and click next.
  • Pay the premium amount as prescribed in online mode via bet banking, credit card, debit card or UPI etc.

Liberty Bike Insurance Zero Depreciation Cover Review

Single-step, quick claim settlement by Liberty General Insurance has made this company the first choice amongst many policyholders. With their smooth and seamless claim settlement process, the company ensures a hassle-free journey for all its customers. 

Liberty Zero Depreciation Bike Insurance FAQs

  • 1. What are the conditions that apply before buying Liberty zero-depreciation bike insurance cover?

    The only conditions are that you can only opt for Liberty zero dep bike insurance policy along with a Liberty comprehensive insurance policy , and the second one is your bike age should be less than five years.

  • 2. How many times may I use the Liberty zero depreciation insurance?

    When you buy a Liberty add-on zero dep bike insurance policy, the amount of claims you can make per year is limited. If the number of claims exceeds, then the company will be entertaining the subsequent claims as per the policy, but the cost of depreciation in them will have to be borne by you

  • 3. Is purchasing zero depreciation insurance mandatory for bikes?

    No, zero depreciation add-on is not a mandatory cover, but you should opt for this add-on cover so that you can avail yourself an additional coverage and benefits along with your standard bike insurance policy.

  • 4. What is the premium of the Liberty zero depreciation bike add-on cover?

    There is no fixed premium from the company side for the zero depreciation bike add-on cover as the premium amount depends on a number of factors such as the Insured Declared Value (IDV) of the vehicle, its model, age, place of registration, etc.

  • 5. Who should buy the Liberty zero depreciation bike cover?

    The Liberty zero dep bike insurance cover is best suited for new bike owners, inexperienced bike drivers, luxury and sportbike owners and owners who live in the accident-prone zones.

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